SYSTEM – INPUTS AND PROCESSES

S.1. The institution has an approved Financial Development Plan (FDP).

S.2. The approved budget is in consonance with FDP.

S.3. The institution has specific budgetary allotment for the following:

IMPLEMENTATION

I.1. The institution maintains a Financial Management Office managed by qualified and component personnel.

I.2.The financial management personnel are responsible for the efficient management of financial resources/funds of the institution.

I.3. The administrative officials, faculty, staff and student representatives participate in the budget preparation and in the procurement program of the institution.

I.4. The budget of the institution is fairly and objectively allocated.

I.5. The institution allocates funds for the following services and activities:

I.6. The budget allotted for specific expenditures indicated in item 1.5 is in consonance with existing policies and guidelines.

OUTCOME/S

O.1. The institution has a sound and effective financial management system.