Page 413 - Manual-of-Operation-Merged

CvSU MANUAL OF OPERATIONS
______________________________________________________________________
76

▪ Remittance of cash, if there is any, shall be thru the E&BA prior
to transmittal to the cashier. Cash on hand lesser than P100.00
may be deferred for remittance.
▪ Repairs and maintenance works in the machine/equipment
shall be on work order basis using procedures employed in the
University.

J. Crop Production

▪ Inputs are purchased through bidding, the rest by emergency
purchases.
▪ Maintenance of crops is done by laborers.
▪ Financial Reports are done by the Project Manager.

K. Nursery
▪ The products sold in the nursery are grafted mango seedlings,
santol, mahogany, etc.
▪ The market outlets for seedlings are private growers who pick
up the seedlings at the nursery.
▪ Seeds to be planted in plastic bags are collected within the
University or from the fruits produced in the orchard.

Article 6. Financial Management

• This Chapter presents the financial management guidelines, the
three (3) financial statements commonly prepared and
used to determine the profitability and viability of a project,
and some ratios to analyze the results of IGP operation.

Section 1. Financial Management Guidelines

▪ Initial capitalization is taken from the General Fund (Fund 101).
▪ Income is generated by the projects.
▪ Each project has its own account code at the Accounting Office.
▪ Funds for a particular project cannot be used by another
project unless allowed by the VP for E&BA. The borrowed funds
are paid back to the particular project.
▪ Cash accounting is followed in the preparation of income
statement.
▪ The official income statement is prepared by the accounting
office (may be delegated to the Facilitative Staff of OBA) every
end of the production cycle as basis for giving incentives.
Incentives are given at the end of one production year.
▪ Two analyses are done by the project analyst–financial (cash
accounting) and economic (accrual method). The economic

76