Preparation of Budget Proposal Process
This procedure is established to provide a system for the preparation of Budget Proposal, to ensure that the Budget Proposal was formulated with proper deliberation with the concern personnel or offices of Bukidnon State University.
This procedure shall apply to the Budget Proposal submitted to the Department of Budget and Management, Commission on Higher Education, and for submission also to the House of Representatives and Senate.
Program of Receipts and Expenditure Process
This procedure is established to provide guidelines for the preparation of Program of Receipts and Expenditures and to ensure that it was prepared in accordance with CMO 20 and prepared in coordination with the University Officials.
This procedure shall apply to the Program of Receipts and Expenditure for Approval of the Board of Regents.
Preparation of the Quarterly Budget Process
This procedure is established to provide guidelines for the preparation of quarterly Budget and to ensure that it was prepared in accordance with CMO 20 and prepared in coordination with the University Officials.
This procedure shall apply to the Quarterly Budget for Approval of the Board of Regents.
Budget Obligation Process
This procedure is established to provide a system for the preparation of Budget Obligations; it enumerates the steps to follow by the Budget Office of the Financial Management Unit of Bukidnon State University.
This procedure shall apply to all Funding sources which include Fund 101 (Budget Obligation Request and Status) and Fund 164-Main, ESC & IGP (Budget Utilization Request and Status) that needs to be obligated in order to pay all the payees that includes employees, students, suppliers, and others who have claims to Bukidnon State University.
FAR 1 & FAR 1-A Process
This procedure is established to provide a system for the preparation of FAR 1 and FAR 1-A; it enumerates the steps to follow by the Budget Office of the Financial Management Unit of Bukidnon State University.
This procedure shall apply to Fund 101.
For FAR No. 1 – shall reflect the authorized appropriations and adjustments, total allotments received including transfers, total obligations, total disbursements and the balances of unreleased appropriations, unobligated allotments, and unpaid obligations of Bukidnon State University by source (P/A/P or MFO) and by allotment class.
For FAR No. 1-A – shall be prepared by Funding Source Code as clustered and shall reflect the summary of appropriations, allotments, obligations, disbursements and balances detailed by object of expenditures consistent with the COA revised Chart of accounts.
FAR 2 & FAR 2-A Process
This procedure is established to provide a system for the preparation of FAR 2 and FAR 2-A; it enumerates the steps to be followed by the Budget Office of the Financial Management Unit of Bukidnon State University.
This procedure shall apply to Fund 101.
For FAR No. 2 – shall reflect the approved budget, the utilizations, disbursements and the balance of the entity’s income authorized by law to use, such as State Universities and Colleges (SUCs), duly approved by the Board of Regents.
For FAR No. 2-A – shall reflect the details of the approved budget, utilizations, disbursements and balance of the entity’s income authorized by law to use presented by objects of expenditures consistent with the Commission on Audit Revised Chart of Accounts and shall be prepared by funding Source Code.
FAR 1-B
This procedure is established to provide a system for the preparation of FAR 1-B; it enumerates the steps to follow by the Budget Office of the Financial Management Unit of Bukidnon State University.
This procedure shall apply to Fund 101.
For FAR No. 1-B – This report reflects the allotments released by the Department of Budget and Management, their corresponding numbers, date of issuance, and amounts by allotment class and Funding Source Code.