ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Search for
www.chanrobles.com
:
LETTER OF INSTRUCTIONS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
|
|
|
|
|
LETTER OF INSTRUCTIONS NO. 478 |
The Commissioner of the Budget
The Commission on Audit
The Commissioner of the Budget
WHEREAS, pursuant to Republic Act No. 3526, the Commission on Audit may revert to the unappropriated surplus of the General Fund of the National Government any unliquidated balances of accounts payable in the books of the National Government which have been outstanding for two years or more and against which no actual claims, administrative or judicial, have been filed or which are not covered by perfected contracts on record;
WHEREAS, Executive Order No. 228 dated April 29, 1970 requires the immediate reversion to surplus of all accounts payable and unliquidated obligations which are two years old or over and/or other undocumented accounts payable irrespective of age; and
WHEREAS, despite Republic Act No. 3526 and Executive Order No. 228, as well as General Auditing Office Circular No. 594 prescribing the procedures for certification of accounts payable at the end of the fiscal year, numerous undocumented certifications to accounts payable still remain in the books of accounts of many agencies;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, do hereby instruct:
1.
Heads of Agencies and Chief Accountants to desist
from certifying to Accounts Payable amounts not arising from perfected
contracts.
2. The
Commission on Audit to enforce strictly the
provisions of Executive Order No. 228, by verifying all Requests for
Obligations of Allotments (ROA) for the last two months of each fiscal
period to ascertain their validity, proper documentation, and/or
propriety, and by eliminating from the books of accounts all
transactions and outstanding Accounts Payable still on the books of
accounts of all agencies, not in conformity with said Executive Order;
3. The
Commission on Audit and the Budget Commission,
to conduct periodic examinations of the books of accounts of agencies
of the National Government to determine the validity of documentation
of accounts payable and to revert those that are not validly documented
or are more than two years old as of June 30, 1976 and thereafter;
4. All excess
certifications to accounts payable in
agency books as of June 30, 1976 must be reverted to the General Fund
not later than January 31, 1977. Failure to comply on the part of the
Chief Accountants concerned will mean automatic suspension of their
salaries and other forms of compensation for the duration of the
non-compliance.
5. The
Commission on Audit and the Heads of Agencies
concerned, to institute the necessary administrative action, against
Resident Auditors, Chief Accountant, or any official who deliberately
fail to comply with the provisions of Executive Order No. 228 and this
Letter of Instructions.
6. The
Commission on Audit, to submit a report of
amounts thus reverted within sixty (60) days of the date hereof, and
thereafter, within sixty (60) days after the end of each fiscal period.
Done in the City of Manila, this 5th day of November in the year of Our Lord, nineteen hundred and seventy-six.
chanrobles virtual law library
Back to Main
Since 19.07.98.
