Page 127 - Area 10 - PPP

7. The official income statement is prepared by the accounting office every
end of the production cycle as basis for giving incentives or when required
by higher authorities. Incentives are given at the end of one production year.
8. Disbursements of profit funds are prepared by the accountant upon
approval by the BOM in appropriate disbursement payroll/vouchers.

 UTILIZATION of Sourced-Out Funds

1. The funds will be managed following accounting rules and procedures and
the guidelines set at the IFSU Code.
2. All sourced out funds for specific purposed are maintained under the Trust
Fund Account.
3. The fund will be issued upon submission of the required documents such as
3.1. Approved requests together with payroll, billing statement or
purchase order, whichever is applicable
3.2. Memorandum of Agreement or any documents showing the purpose
of the sourced out fund
4. Other pertinent documents following the accounting rules and procedures
5. The Accounting Office prepares the financial reports for the Trust Fund

 Budget Allocation And Expenditures For The Last Five Years

CY 2020 CY 2019 CY 2018

INSTITUTI
ONAL Allocation Actual Allocation Actu Allocation Actu
FUNCTIO al al

NS Universit Potia Potia Potia
y Campu Univers Campu Univer Campu
s ity s sity s
Instructio 44,800,12 20,421,2 5,653,162. 56,072,8 21,004,7 30,641,1 8,243,91
n 2 77 67 09 92 46 8
Research 3,025,341 1,584,20 39,410 1,693,45 338,850 974,148 354,000
2 5
Extension 2,467,141 1,208,30 1,147,39 225,900 1,556,30 531,000
2 0 0
Locally 37,975,94 12,835,6 1,034,088. 72,200,0
Funded 2 79 99 00
Projects

CY 2017 CY 2016
Institutional
Functions Allocation Actual Allocation Actual

University Potia University Potia
Campus Campus
Instruction 187,953,864 6,178,740 130,421,000 2,264,000 54,497,203

Research 1,211,400 307,600 7,458,000 102,000 4,017,217
Extension 808,600 205,400 2,502,000 102,000 1,366,394

Locally 500,000 2,018,000 4,406,503
Funded
Projects

11 PROGRAM PERFORMANCE PROFILE: AREA X ADMINISTRATION