Page 3 - Financial Management System

to the prescribed New Government Accounting System (NGAS) in ensuring
proper accounting and auditing of all financial transactions of the
University.

Article 5. Internal Management Control (IMC). An Internal Management
Control System shall be established in the University that shall
safeguard assets, check the accuracy and reliability of its financial data,
promote operational efficiency, determine the effectiveness of policies in
the utilization of funds, and encourage adherence to prescribed
managerial policies.

a) The Internal Management Control System shall be under the direct
supervision of the Director for Administration / Administrative
officer and independent from other service functions as it
reviews the operations of other system.

b) The Internal Management Control shall regularly monitor and see
to it that the adopted plans are carried out effectively and
economically; make recommendations to improve and strengthen
the system.

Excerpts from the CvSU Manual of Operations Vol. 1 Rule IV- Financial Management pp.46-48