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    Coa Circular 2006-001 Eme Guidelines

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    This circular from the Commission on Audit in the Philippines provides guidelines for the disbursement of extraordinary and miscellaneous expenses by government-owned and controlled corporations and government financial institutions. It specifies that the amounts authorized in corporate charters or the General Appropriations Act represent the ceiling for such expenses. It also outlines audit guidelines, requiring that payments be non-commutable, supported by receipts, and not used for salaries covered by separate appropriations. The circular takes effect immediately and repeals any conflicting previous issuances.

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    Coa Circular 2006-001 Eme Guidelines

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    bh
    325 views2 pages
    This circular from the Commission on Audit in the Philippines provides guidelines for the disbursement of extraordinary and miscellaneous expenses by government-owned and controlled corporations and government financial institutions. It specifies that the amounts authorized in corporate charters or the General Appropriations Act represent the ceiling for such expenses. It also outlines audit guidelines, requiring that payments be non-commutable, supported by receipts, and not used for salaries covered by separate appropriations. The circular takes effect immediately and repeals any conflicting previous issuances.

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    This circular from the Commission on Audit in the Philippines provides guidelines for the disbursement of extraordinary and miscellaneous expenses by government-owned and controlled corporations and government financial institutions. It specifies that the amounts authorized in corporate charters or the General Appropriations Act represent the ceiling for such expenses. It also outlines audit guidelines, requiring that payments be non-commutable, supported by receipts, and not used for salaries covered by separate appropriations. The circular takes effect immediately and repeals any conflicting previous issuances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    325 views2 pages

    Coa Circular 2006-001 Eme Guidelines

    Uploaded by

    bh
    This circular from the Commission on Audit in the Philippines provides guidelines for the disbursement of extraordinary and miscellaneous expenses by government-owned and controlled corporations and government financial institutions. It specifies that the amounts authorized in corporate charters or the General Appropriations Act represent the ceiling for such expenses. It also outlines audit guidelines, requiring that payments be non-commutable, supported by receipts, and not used for salaries covered by separate appropriations. The circular takes effect immediately and repeals any conflicting previous issuances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    REPUBLIC OF THE PHILIPPINES

    COMMISSION ON AUDIT
    Commonwealth Avenue, Quezon City, Philippines

    CIRCULAR No. : 2006-001


    Date : January 3, 2006

    TO : All Members of Governing Boards and Heads of Government-Owned and


    Controlled Corporations/Government Financial Institutions, Chief Accountants,
    COA Directors, Supervising Auditors, Audit Team Leaders and All Others
    Concerned.

    SUBJECT : GUIDELINES ON THE DISBURSEMENT OF EXTRAORDINARY AND


    MISCELLANEOUS EXPENSES AND OTHER SIMILAR EXPENSES IN
    GOVERNMENT-OWNED AND CONTROLLED CORPORATIONS/
    GOVERNMENT FINANCIAL INSTITUTIONS AND THEIR SUBSIDIARIES

    I. RATIONALE

    Governing boards of government-owned and controlled corporations/government financial


    institutions (GOCCs/GFIs) are invariably empowered to appropriate through resolutions such
    amounts as they deem appropriate for extraordinary and miscellaneous expenses. Previous
    circulars issued by this Commission pursuant to its constitutional mandate to promulgate
    accounting and auditing rules and regulations governing such expenses, however, clearly and
    categorically pertain to national government agencies only. There is a need, therefore, to
    prescribe rules and regulations specifically for government corporations to regulate the
    incurrence of these expenditures and ensure the prevention or disallowance of irregular,
    unnecessary, excessive, extravagant, or unconscionable expenditures or uses of government
    funds.

    II. SCOPE AND COVERAGE

    This Circular shall be applicable to all GOCCs, GFIs and their subsidiaries. It shall cover
    extraordinary and miscellaneous expenses and other similar expenses, such as discretionary,
    business development expenses, representation expenses and the like, provided that the
    nature or purpose of said expenditures pertain to any of the following:

    a. meetings, seminars and conferences;


    b. official entertainment;
    c. public relations;
    d. educational, athletic and cultural activities;
    e. contribution to civic and charitable institutions;
    f. membership in government associations;
    g. membership in national professional organizations duly accredited by the
    Professional Regulation Commission;
    h. membership in the Integrated Bar of the Philippines;
    i. subscription to professional technical journals and informative magazines,
    library books and materials;
    j. other similar expenses not supported by regular budget allocation.

    The above enumeration is not exclusive and shall not prevent the inclusion of other
    similar disbursements which may be categorized as extraordinary and miscellaneous
    expenses within its contemplation.

    III. AUDIT GUIDELINES

    1. The amount of extraordinary and miscellaneous expenses, as authorized in the


    corporate charters of GOCCs/GFIs, shall be the ceiling in the disbursement of
    these funds. Where no such authority is granted in the corporate charter and
    the authority to grant extraordinary and miscellaneous expenses is derived from
    the General Appropriations Act (GAA), the amounts fixed thereunder shall be
    the ceiling in the disbursements;
    2. Payment of these expenditures shall be strictly on a non-commutable or
    reimbursable basis;
    3. The claim for reimbursement of such expenses shall be supported by receipts
    and/or other documents evidencing disbursements; and
    4. No portion of the amounts appropriated shall be used for salaries, wages,
    allowances, intelligence and confidential expenses which are covered by
    separate appropriations.

    IV. REPEALING CLAUSE

    Any and all issuances inconsistent herewith are hereby amended or repealed
    accordingly.

    V. EFFECTIVITY

    This Circular shall take effect immediately.

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