Page 257 - Manual-of-Operation-Merged

CvSU MANUAL OF OPERATIONS
________________________________________________________________________

253
for various research projects and field laboratories. Other facility of
the Center includes the Central Analytical and Service Laboratory,
Tissue Culture Laboratory for banana, coffee and orchids, Orchid
Production, Coffee Genetic and Resource Unit, and Coffee Post
harvest and Processing Unit.

Section 3. Finance

1. Sources of Funds

Financial resources are generated through international
and local grants, donations, bilateral agreements and
collaborations with government agencies, local and foreign
funding institutions and other research agencies and councils.

There are two major classifications of fund sources: the
internal and external funds. The internal funds come from the
general appropriation allocation (GAA) of the Philippine
government. The Center also generates funds from the Income
Generating Project of its various units. On the other hand, the
external funds come from government agencies such as DA-
BAR, PCARRD, INIBAP, and STIARC as well as foreign agencies,
private organizations and industry partners.

2. Handling of Research Funds

All research funds are handled by the Finance
Management Office in coordination with the Office of the
Director of Research. Books of accounts are kept by the
Accounting Department which is also under the supervision of
the Director of Administrative and Support Services.

Research funds that are externally funded are pooled and
treated as trust funds. The Director of Research exercises
general control over all these research grants. These are
deposited in the bank as trust fund lumped together to earn
interest. Funds are released to the Accounting Office by project
allotments. The project/study leaders handle all the processing
of papers to release the fund meant for their research
projects/studies. Fund from income generating projects are
also being handle by the Accounting Division with full control of
the Research Director.

253