Page 258 - Area 10 - Relevant Document

Part 1- Administrative Manual

4.3.5.5.3. Income/Collections from Tuition and Other Miscellaneous Fees and Net Income from IGP
4.3.5.5.3.1. All collections from Tuition and other fees shall be treated as Special Trust Funds and
shall be deposited to a government depository bank under said fund;
4.3.5.5.3.2. The University is likewise authorized under Letter of Instruction Nos. 872 and 1026 to
retain as Revolving Fund income from food production and income generating projects;
4.3.5.5.3.3. All collections from IGPs shall likewise be deposited to government depository banks
under the revolving fund accounts;
4.3.5.5.3.4. The campuses are required to remit their collections from tuition and other fees to the
Main Campus within 5 working days every after end of the month.
4.3.5.5.3.5. Net income realized from operations of Income Generating Projects shall likewise be
deposited to the depository bank not later than the end of January of the ensuing year.
4.3.5.5.3.6. As the need arises, IGP Board of Management (BOM) shall convene to prepare a special
budget out of the income deposited from the different projects as certified by the Chief
Accountant for recommendation to the BOR.

4.3.6. Fund Releases

To facilitate effective management in the transfer of allotments to the different
campuses, the following policy guidelines shall apply:

4.3.6.1. The accounting and budget offices of the University shall inform the various campuses/ units
of the University the allowable budget they are to operate in;
4.3.6.2. Each campus/ department/ university/ unit shall prepare their financial plan which shall be
the basis for the monthly/quarterly release of their respective funds;
4.3.6.3. Monthly cash advances to the campuses shall continue to be released by the Main campus
on the basis of their actual needs and subject to the available Notice of Cash Allocation
issued by the Department of Budget and Management;
4.3.6.4. The policy on “No report, no release” shall be strictly adhered to in the release of cash
Advances (except Lagawe Campus) to the different campuses which will serve as the basis
for the succeeding monthly release;
4.3.6.5. No succeeding cash advance will be allowed without liquidation of previous cash advance.
This is true to other University personnel who have acquired cash advances; and
4.3.6.6. The following guidelines shall be maintained in the issuance of allotments to the different
Colleges/departments/campuses.

Program/Project Criteria

4.3.6.6.1. General Administration 1. Number of personnel
and Support Services
2. Physical facilities both
buildings and equipment
3. Activities of the unit

4.3.6.6.2. Higher Education 1. Enrollment
2. Number of programs offered
3. Programs scheduled for accreditation
4. Number of Scholars
5. Textbook requirements
6. Physical facilities & equipment

4.3.6.6.3. Research & Development 1. Number of personnel
Services 2. Number of papers presented and published
3. Number of technologies derived/patented
4. Number of research projects to be conducted

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IFSU Code