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ACTIVITY PROPOSAL
February 14, 2019

GENERAL INFORMATION
Subject: University Budget Planning (with GAD) for FY 2020
Date: February 21-22, 2019
Venue: Audio Visual Room - IFSU Library Building
Fund Source: General Fund
Participants: All ADCO Members w/ Secretaries, Representative from Student, Alumni and
and Faculty Organizations

No. of
Participants
Participants
ADCO Members - Vice Presidents, Campus Executive Directors, Deans &
Directors 40
ADCO Secretaries 20

Student, Alumni & Faculty Organizations
5
Facilitators
5
TOTAL 70

II.RATIONALE.
Budget preparation is the first major step in the budget process. Prioritization among
programs must be made to ensure that the budget fits government policies and priorities. It is
important for organizations to create accurate and up-to-date annual budgets in order to
maintain control over their finances, and to monitor exactly how their money is being used. It is
the responsibility of all agencies like IFSU to prepare their own budget proposals for a certain
year. Each department heads, deans and directors of the different colleges and offices has to
identify and determine the needs and priorities of their respective areas of responsibilities and
come up with specific proposals to be consolidated as the University budget proposal for the
fiscal year. As budgeting is essentially a planning process, it is the determination for a future
period of time of what to be done, what to be accomplished, the manner in which to be done
and the cost of doing it?

III.BUDGETARY REQUIREMENTS

Particulars Amount
Meals & snacks
Feb. 21, 2019
Morning Snacks - Meaty Siopao w/ small mineral water
(70@40.00) 2,800.00
Lunch - Ginisang Kardis w/ pork (70@100.00)
7,000.00