FINANCE TRAINING WORKSHOP

KALAHI-CIDSS stands for?

• Kababayan Laban sa Hirap- Comprehensive and Integration Deliverables of Social Services

• Kapit-Bisig Laban sa Kahirapan-Comprehension and Integration Delivery of Social Services

• Kapit-Bisig Laban sa Kahirapan-Comprehensive and Integrated Delivery of Social Services

Below are functions/responsibilities of an MFA, except for one.

• Maintain a complete file of municipal reports such as vouchers for LCC for CBIS and its supporting documents.

• Assists in the preparation of the Monthly Barangay Individual and Consolidated Municipal Physical Progress report for submission to the RPMO

• Evaluate committed LCC whether these are reasonable and appropriate in relation to the subproject.

• Collect and timely submit original paid disbursement vouchers and its supporting documents to COA thru the RPMT.

On the below given set of checklist, which item contains the correct & complete checklist for Reimbursement of Initial Deposit?

• 1. Minutes for the Reimbursement of Initial Deposit with Attendance Sheet

  2. Validated Deposit Slip 3. Disbursement Voucher and Photocopy of Check

• 1. Minutes for the Reimbursement of Initial Deposit with Attendance Sheet

  2. Acknowledgement Receipt (AR)

  3. Validated Deposit Slip 4. Disbursement Voucher and Photocopy of Check

• 1. Minutes for the Reimbursement of Initial Deposit with Attendance Sheet

  2. Official Receipt/Sales Invoice

  3. Validated Deposit Slip

  4. Disbursement Voucher and Photocopy of Check

Below are the needed checklist for Shopping of Goods, except?

• Minutes of Evaluation of Quotation with Attendance Sheet

• Charge Invoice or Delivery Receipt

• Request for Quotation with Acknowledgement Receipt

• Employment Record Sheet

Non-VAT Individual professional services in practice of profession shall have the option to be taxed under the 8% income tax rate provided that he/she shall present his/her documents as proof to be taxed under such rate.

• True

• False

• Can be True or False

How much is the minimum Local Counterpart Contribution (LCC)?

• Phase 1 is 20% of Total Estimated Project Cost while for Phase 2 implementation the minimum required LCC is 30% of the Total Estimated Project Cost

• Phase 1 is 30% of Total Estimated Project Cost while for Phase 2 implementation the minimum required LCC is 20% of the Total Estimated Project Cost

• Phase 1 is 40% of Total Estimated Project Cost while for Phase 2 implementation the minimum required LCC is 10% of the Total Estimated Project Cost

• Phase 1 is 10% of Total Estimated Project Cost while for Phase 2 implementation the minimum required LCC is 30% of the Total Estimated Project Cost

Can the community use the same account for the implementation of other KALAHI-CIDSS Projects like PAMANA and other modalities?

• Yes, the NCDDP-AF community bank account can be used for other CDD projects implemented by the DSWD like PAMANA and other modalities. Hence, in this case the community can use the same account.

• No, the NCDDP-AF community bank account cannot be used for other CDD projects implemented by the DSWD like PAMANA and other modalities. Hence, in this case the community shall open a separate account for these projects.

• Not sure

• No, the NCDDP-AF community bank account cannot be used for other CDD projects implemented by the DSWD like PAMANA and other modalities. Hence, in this case the community shall open a separate account for these projects.

_________is automatically designated as the BDC-TWG and a member of the Bids and Awards Committee (BAC).

To facilitate payment, can the AC sign check even if the MFA did not sign the DV?

• Yes, the AC can ask permission to the MFA provided with written request.

• Yes, either MFA and AC can be a single signatory in the DV

• No, the signature of the MFA indicates that he/she reviewed the DV and its supporting documents

• No, but AC as head of the team has his/her discretion to sign the DV.

What will be the basis for the computation of the withholding tax in the sub-project implementation?

• Applicable tax rates as prescribed by the BIR shall be followed including updated tax rates under the provisions of RA 10960 (Tax Reform for Acceleration and Inclusion) and RA 11533 (Corporate and Recovery Tax Incentives for Enterprise Act).

• Applicable tax rates as prescribed by the BIR shall be followed including updated tax rates under the provisions of RA 10963 (Tax Reform for Acceleration and Inclusion) and RA 11534 (Corporate and Recovery Tax Incentives for Enterprise Act).

• Applicable tax rates as prescribed by the BIR shall be followed including updated tax rates under the provisions of RA 10966 (Tax Reform for Acceleration and Inclusion) and RA 11531 (Corporate and Recovery Tax Incentives for Enterprise Act).