Government Budgeting

This is necessary before government entities can enter into contracts that bind the government for the eventual disbursement of government funds.

• Notice of Cash Allowance

• Allotment

• Disbursement Authority

• Incurrence of Obligation

It is the authorization made by a legislative body to allocate funds for purposes specified by the legislative or similar authority.

• Appropriation

• Allotment

• Obligation

• Disbursement

All disbursements of government entities must be in conformance with the law and the

• COA Audit Findings

• Philippine Public Sector Accounting Standards

• Philippine Financial Reporting Standards

• National Budget

Disbursements by government entities are most commonly made through

• Cash

• Petty Cash Fund

• Modified Disbursement System Checks

• Credit Card

Responsibility accounting requires all of the following except

• identification of responsibility centers

• distinction between controllable and non-controllable costs

• coding structure for responsibility centers

• separate books of accounts to segregate controllable and non-controllable costs

This type of budget is prepared in such a way that estimated revenues exceed estimated expenditures

• Balance budget

• Excess budget

• Obligations budget

• Budget meal

A budget, the basis of which are the object of expenditures

• Annual Budget

• Special Budget

• Supplemental Budget

• Line Item Budget

This is the point where the government agencies obtain access to the government funds

• Special Allotment Release Order

• General Allotment Release Order

• Incurrence of obligations

• Disbursement Authority

It is an authorization issued by the Department of Budget and Management to National Government Agencies to incur obligations. It is also referred to as Obligation Authority

• Appopriation

• Allotment

• Budget Call

• Budget Hearings

It is the implementation of the National Budget by different departments and release of allotments

• Preparation

• Authorization

• Execution

• Accountability