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CvSU MANUAL OF OPERATIONS
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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

d) Once the budget is approved, the General Appropriations Act is
released which becomes the basis for the preparation of Agency
Budget matrix. Accordingly, the University shall submit request
for allocation of funds and cash allocation.

e) All funds appropriated for programs, projects and activities
shall be available solely for the specific purpose for which
these are appropriated

f) Creation of new positions or increase in salaries, however, shall
be available solely for the specific purpose for which these
are appropriated.

g) There are some expenditure items which are not provided in the
agency but which are authorized to be paid chargeable against
available savings, pursuant to existing regulations. These
expenditure items include but not limited to retirement gratuity,
overtime, monetization of leave credits, and loyalty pay.

h) Authority is hereby granted to agencies to augment non –
existing expenditure items, the payment of which has been
authorized to be charged against savings, as an exception to
Section 54 of the General Provisions of R.A. No. 9162 (DBM
Circular Letter 2002-10 dated 7 May 2002.

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