Page 411 - Manual-of-Operation-Merged

CvSU MANUAL OF OPERATIONS
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▪ Credit sale to any University unit shall be served and it shall
be the responsibility of the client unit to prepare the
necessary documents to facilitate the payment, the
processing of which shall not be longer than 1 month.
▪ Failure on the part of the customer to provide fund thru the
salary/ allowances for the payment of his/her credit may
result to putting surcharge on his account or possible
cancellation of his credit line.

6. Application for Credit Line

▪ The applicant shall be a bonafide employee of the University
and shall present the term or his/her appointment.
▪ The application paper shall be signed by the University
Accountant/Cashier in order to certify the capability of the
applicant to pay thru salary deductions.
▪ The accounting office shall inform the Marketing Center
regarding new loan transaction of the customer if this will
affect their salary balances available for payment to the
Marketing Center.

7. Patronage Refund (Rebates)

A certain amount representing patronage refund shall be
paid to customers at the end of the year or not later than
January 15 of the following year.

1. Distribution of Rebates – The marketing Center recognizes
the continued patronage of its customers hence, the
distribution of rebates at the end of every fiscal year.

Rebate is exclusive for bonafide employees of the
University regardless of their employment status.

▪ The amount allotted for distribution of rebates is only
20% of the net income. The remainder of the net
income is allotted as additional revolving capital for
the operation of the Marketing Center and for the
improvement of facilities or to other things prescribed
in Chapter VII of this manual.

▪ Computation of rebates depends on the amount of
their total purchases for the one year (January 01,
200__ to December 31, 200__). Credit sales and cash
sales is equal to total individual purchases.
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