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BAC Fund utilization/charging

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BAC Fund utilization/charging

Post by kim_wd on Wed May 20, 2009 10:59 am

Greetings everyone!

Is there an existing and updated ruling regarding the charging of all BAC expenses, which includes office supplies, preparation/reproduction of bid documents, etc.? I have read here that all expenses, including the honoraria for BAC members/TWG/Secretariat can now be charged to the general fund. If all these are charged to the general fund, what happens to the proceeds from the sale of bid docs, forfeited bid security, etc.? How will GOCCs deal with this considering they have different budget considerations?

Please enlighten... Question scratch
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kim_wd
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Company/Agency : GOCC water district
Occupation/Designation : BAC Member
Registration date : 2009-05-07

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Re: BAC Fund utilization/charging

Post by sunriser431 on Wed May 20, 2009 1:07 pm

Please refer to DBM Budget circular 2007-3 dated November 29, 2007 and Budget circular 2004-5a dated October 7, 2005 for guidance of BAC honorarium . As for the office supplies, communication expenses(mailing,Internet service provider etc.),Transportation expenses(fuel,oil, and vehicle parts etc. ) these are all charge to the operational budget of the Procurement unit/Office.
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Re: BAC Fund utilization/charging

Post by engrjhez® on Wed May 20, 2009 9:28 pm

kim_wd wrote:Greetings everyone!

Is there an existing and updated ruling regarding the charging of all BAC expenses, which includes office supplies, preparation/reproduction of bid documents, etc.? I have read here that all expenses, including the honoraria for BAC members/TWG/Secretariat can now be charged to the general fund. If all these are charged to the general fund, what happens to the proceeds from the sale of bid docs, forfeited bid security, etc.? How will GOCCs deal with this considering they have different budget considerations?

Please enlighten... Question scratch
Does GOCC's have an equivalent "trust fund" just like in LGUs? You may want to see a topic related to your query.

Please click here.
Very Happy
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engrjhez®
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Registration date : 2008-10-31

http://www.bacoor.gov.ph

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Re: BAC Fund utilization/charging

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