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PROGRAM PERFORMANCE PROFILE

b) Deposit all collections due to the University within the reglamentary period allowed
by law;

c) Prepare and submit regularly reports of collections;

d) Prepare and supervise remittance of taxes due the government through the Bureau
of Internal Revenue (BIR); insurance premiums, Medicare, loans and other
mandatory contributions of personnel;

e) Handle immediate salaries, disbursement of wages and other obligations of the
University;

f) Render periodic report of checks issued and cancelled;

g) Record of cash advances; and

h) Perform other functions that may be assigned from time to time.

Source: University Manual of Operations

➢ Describe the Institution’s financial management in term of:

• budget preparation
• budgetary allocation and utilization (e.g. general administrative operations,
student services/activities, etc.)
• Income generation
• Utilization of sourced-out funds

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RULE IV
FINANCIAL MANAGEMENT

Article 1. University Budget. The budget of the University is released by the
Department of Budget and Management following the four phases as
follows:

Section 1. Budget Preparation. The annual budget estimates of the University
shall be prepared in accordance with the budgetary policies, guidelines and
procedures of the government guided by the strategic plan of the University,
thrusts and priorities.

Section 2. Budget Legislation Coordinative efforts are exerted by the
University President and officials to justify the budget proposal during the
CHED, DBM, Congressional and Senate hearings.

Section 3. Budget Execution

Area X: Administration