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Republic of the Philippines
IF U G A O STA TE U N IV E R S IT Y
Lantut. Ifugao
lu im iiin m m iim iin in m m m w u d i
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ACTIVITY PROPOSAL
February 14, 201)9

I. GENERAL INFORMATION

Subject: University Budget Planning (with GAD) for FY 2020
Date: February 21-22, 2019
Venue: Audio Visual Room - IFSU Library Building
Fund Source: General Fund
Participants: All ADCO Members w/ Secretaries, Representative from Student, Alumni and
and Faculty Organizations

No. of
Participants
Partici| fants
ADCO Members - Vice Presidents, Campus Executive Directors, Deans &
40
Directors
ADCO Secretaries 20

Student, Alumni & Faculty Organizations 5

Facilitators 5

TOTAL 70

II. RATIONALE
Budget preparation is the first major step in the budget process. Prioritization among
programs must be made to ensure that the budget fits government policies and prioritie: •> It is
.
important for organizations to create accurate and up-to-date annual budgets in on er to
maintain control over their finances, and to monitor exactly how their money is being use i. It is
the responsibility of all agencies like IFSU to prepare their own budget proposals for a c ertain
year. Each department heads, deans and directors of the different colleges and offices 1 las to

identify and determine the needs and priorities of their respective areas of responsibilitie s and
come up with specific proposals to be consolidated as the University budget proposal f 3r the
fiscal year. As budgeting is essentially a planning process, it is the determination for a uture
period of time of what to be done, what to be accomplished, the manner in which to be done
and the cost of doing it?

BUDGETARY REQUIREMENTS
Particulars Amount

Meals & snacks
Feb. 21, 2019
Morning Snacks - Meaty SioDao w/ small mineral water