Session 4 - Collections and Deposits of SK Funds

Which of the following is not one of the sources of SK funds?

• 10% of the assets of the barangay

• Proceeds from fund raising activities

• Contributions/monies received without specific purpose

• Funds received for specific purpose

Which of the following is false?

• All receipts/collections either in cash or check shall be acknowledged by the SK Treasurer by issuing OR.

• Where travel time to the GOB/AGDB is more than one day, deposits shall be made at least once a week or as soon as the collections reach P10,000.00.

• Deposits and withdrawals/payments from the current account shall be recorded and monitored in the RCB to be prepared/maintained by the SK Treasurer.

• Receipts/Collections by the SK through direct deposit to the SK’s bank account shall be supported with a copy of VDS/CM in lieu of OR.

The SK Treasurer prepares three (3) copies of OR, retains and distributes the original to the ______, the second copy to the _______, and the third copy to the ________.

• Payor; BMO; SK Treasurer

• Payor; COA Auditor; BMO

• SK Chairperson; COA Auditor; SK Treasurer

• Payor; COA Auditor; SK Treasurer

The SK Treasurer shall furnish the Budget Monitoring Officer the certified photocopy of the RCB and RCRD within 10 days after the end of each month for reconciliation of the entries in the RBCPB and RSPFCPB.

• True

• False

• It depends

• None of the above

Which of the following is false?

• In cases where there is a loss of cash due to theft, robbery or other causes, the SK Treasurer prepares and submits immediately the Notice of Loss to the SK Chairperson, copy furnished the COA Auditor concerned.

• If the Request for Relief from Money Accountability (RRMA) is denied by COA, the SK Chairperson shall require the accountable SK Treasurer in writing to pay the lost cash.

• In cases where there is a loss of cash due to theft, robbery or other causes, the lost cash may be disclosed in the Notes to Financial Statement when it is not the fault of the SK Treasurer.

• None of the above