Page 427 - Manual-of-Operation-Merged

CvSU MANUAL OF OPERATIONS
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and personnel shall consciously plan and implement cost-
saving and efficiency-improving measures to further improve
the performance and efficiency of projects. This could be
affected especially so if they have a share amount of benefits
that can be derived from enterprise.
• Thus, to affect this profit sharing scheme, all participants in
IGP operations shall share certain percentages of the net
income of their IGPs as stipulated under this incentive scheme.

Section 1. Coverage
All projects operating under the Income Generating
Program of the Institution shall be included in this profit
sharing scheme.

Section 2. Guidelines for Profit Sharing

At the end of every fiscal year, the income statement shall
be prepared in order to determine the net profit of each project.
The net profit shall be distributed or allocated as follows:

▪ Twenty percent (20%) may be allotted as school share. The
University can use this share to augment its resources and to
support its programs in instruction, research, extension, and
other services.
▪ Thirty five percent (35%) shall be allocated for build up for all
the projects under OBA. This amount is intended as a source of
additional project capital in case there is a need to expand its
operation.
▪ Seven percent (7%) as share of the President and other official.
▪ Four percent (4%) each as share of the VP for E & BA and OBA
Director.
▪ Ten percent (10) as incentive to the facilitative staff or Admin
cost. The sharing of this incentive shall be proportionate to the
committee member’s involvement as approved by the Business
Council.
▪ Twenty percent (20%) net profit shall be allocated as incentives
for Project Managers, Project Workers and the Facilitative Staff
of OBA, of which eight percent (8%) shall go to the Project
Manager and the remaining twelve percent (12%) shall be
shared equally by the Project Workers and Facilitative Staff
based at E &BA.
▪ The giving of incentive, except to the Project Manager and
workers, is based on the consolidated net income.

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