Page 175 - PARAMETER E

Part 4- Income Generating Projects

4.2.6.2. On funding/financing
4.2.6.2.1. Student’s researcher(s) seeking IGP support shall submit a proposal duly endorsed
by the adviser for consideration and action of the IGP management.
4.2.6.2.2. Utilization of any IGP facilities (work animal, machinery, etc.) shall be made available
for the conduct of research. Rentals shall be paid at prevailing rates. If in case
research had negative effects on livestock, the researcher will return the book value.
4.2.6.2.3. Student’s researcher(s) using project supplies and inputs proper arrangements with
the project manager and adviser shall reimburse the costs upon disposal/sale of the
produce incidental to the research undertaking.

4.2.6.3. On Reporting
4.2.6.3.1. The researchers shall keep records of supplies/input utilization under the supervision
of the adviser and/or project manager.
4.2.6.3.2. Upon completion of the research, a financial statement of operation shall be made,
duly approved by the project manager/adviser copy furnished the IGP office.
4.2.6.3.3. Research manuscript shall copy furnished the IGP Office.

4.2.6.4. Disposal/sale of Research Production
4.2.6.4.1. Net profit from the sale of output incidental to the student research shall be shared
by both the research unit (25%) and the IGP Office (75%) accruing to Fund 161.
4.2.6.4.2. Output of produce of student research shall be disposed/marketed and sold by the
student, Project Manager and Adviser based on IGP guidelines.
4.2.6.4.3. Out of the sales, the rentals cost of supplies, inputs, socks advanced by the IGP
Management through the Project Manager shall be reimbursed/paid to the account of
the project under consideration.

4.2.7. Guidelines on Allocation of Net Profit of IGPs
4.2.7.1. Rationale
Among the objectives in restructuring, directing and redirecting the Income
Generating Projects (IGPs) via the IGPs is equalization, to the extent possible of giving
opportunities to staff and faculty alike who can contribute to the university’s
productivity/entrepreneurial capabilities. The management and labor force shall
consciously plan and implement cost-saving and efficiency-improving measures in the
project to further improve its performance particularly if they have direct bearing on the
amount of benefits that can be derived from the project.
What is envisioned then is to share benefits to all faculty and staff, support
personnel/offices directly or indirectly contributing to the productivity and /or efficiency
of all IGPs. To affect this scheme, all beneficiaries of the net income of these projects
shall only share certain percentages as stipulated in the provisions of this allocation
scheme.

4.2.7.2. Coverage
All projects under Income Generating Projects (IGPs) shall be included in this
profits allocation scheme.

4.2.7.3. Guidelines
Net profit/ income shall be allocated for the following purposes: a) incentive of
IGP personnel; b) Capital build-up; c) Support for Administration. The net profit of every
project shall be remitted to the Special Trust Fund of the University to be allocated for
the aforecited purposes.

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IFSU Code