Page 150 - Area X - D

Parti- A^ministrat^ Manual

3.Number of technologies derived/patented
4.Number of research projects to be conducted

4.3.6.6.4.ExtensionyTrainlng1. Number of personnel
2.Number of extension and training
programs/projects conducted
3.Number of extension and training
programs/projects to be conducted
4.Number of clienteles served
4.3.6.6.5.Planning S. Resource1. Number of personnel
Generation = chargeable
to IGP for admit Share
2.Number of IGP projects
3.Number of linkages/collaborations forged

4.3.7.Internal Accounting Control tor Disbursement
4.3.7.1.No money shall be paid out to any public treasury or depository except In pursuance of an
appropriation, law or other specific statutory authority;
4.3.7.2.Government funds shall be spent or used solely for public purposes;
4.3.7.3.Trust funds shall be available and may be spent only for the specific purpose for which the trust
was created upon receipt of the funds;
4.3.7.4.Fiscal responsibility shall, to the greatest extent, be shared by all those exercising authority over
the financial affairs, transactions and operations of the University;
4.3.7.5.Disbursement or disposition of government funds or property shall Invariably bear the approval
of the proper officia^;
4.3.7.6.Claims against government funds shall be supported with complete documents;
4.3.7.7.All laws and regulations applicable to financial transactions shall be faithfully adhered to;
4.3.7.8.Controlling accounts should be used as extensively as possible. Controlling accounts serve as a
proof of accuracy between account balance;
4.3.7.9.All necessary sets of books should be maintained and reports should be regularly prepared and
tied-up wilh the respective controlling accounts;
4.3.7.10.Accounting and disbursement functions should not be vested on one Individual. An employee
should not have control of the operations giving rise to entries in the records I.e., the general
ledger bookkeeper should not have access to the cash or to the records of cash sales;
4.3.7.11.Payments should be properly approved and be made by check whenever necessary and issued
to the name of the payee;
4.3.7.12.All collections should be properly receipted and deposited intact and promptly in accordance
with pertinent regulations; and
4.3.7.13.All accountable officers should be properly bonded.
4.3.8.Accounting for Allotments and Obligations
4.3.8.1.The approved budget is not self-executory. It can be utilized only upon the release of allotments:
the General Allotment Release Order (GARO) and the Special Allotment Release Order (SARO).
These GAROs and SAROs serve as the authority to Incur obligations. GAROs are released annually
by allotment class and In accordance with the itemization in the budget. SAROs are released
monthly or upon approval of the Department of Budget and Management of the request of the
University for payment of accounts payable and retirement gratuity or terminal leave pay of retirees;
4.3.8.2.10 prevent the incunrence of overdraft, funds are earmarked for each proposed expenditure;
4.3.8.3. For each obligation, an ALOBS is prepared to take up the incurrence of expenditures for any lawful
act made by an accountable officer for and In behalf of the agency In the performance of its
functions and goals;

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