Page 74 - Annual Report 2020

FY 2020
OFF-BUDGET

ACCOUNT

INTERNALLY
GENERATED INCOME
FROM TUITION &
OTHER SCHOOL FEES

The University realized
89.29% of its projected
receipts of ₱258,298,000.00
from tuition & other school
fees in FY 2020, an increase
of 7.47% over the preced-
ing year. Total approved
budget for the year is ₱238
million with utilization rate
of 39.56%. CHED payments
for free tuition and other
school fees covering 2nd
semester AY 2019-2020 and
1st semester AY 2020-21
amounting to ₱83,439,255.00
and ₱109,073,380.00 were
received only on September
9, 2020 and December 21,
2020, respectively, hence,
the low budget utilization.

INTERNALLY
GENERATED INCOME
FROM IGPs

The University generated
Php24.468 million income
from internally generated
projects for FY 2020 which
is 92.71% of projected
receipts of ₱26,393,000.00
and a decrease of 18.45%
over previous year due to
COVID-19 pandemic. Total
utilization incurred during
the year is Php22.937 mil-
lion with utilization rate of
93.74%.

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