Exercise 3-E

It refers to the phase of budget process where it involves the reporting of actual performance against plans and targets. 

• a. Budget Preparation 

• b. Budget Legislation 

• c. Budget Execution 

• d.  Budget Accountability and Review 

   

It refers to actual cash released to a particular NGA.  

• a. Appropriation 

• b. Allotment 

• c. Notice of Cash Allocation 

• d.  Notice of Fund Transfer 

    

It refers to an authorization made by law directing the payment of goods and services out of government funds. 

• a. Appropriation 

• b. Allotment 

• c. Notice of Cash Allocation 

• d.  Notice of Fund Transfer 

    

It refers to expenditures which deviates from established rules, regulations, procedural guidelines, policies, principles or practices. 

• a. Illegal Expenditures 

• b. Irregular Expenditures 

• c. Unnecessary Expenditures 

• d.  Excessive Expenditures   

• e. Extravagant Expenditures 

It refers to expenditures which are not essential, not supportive of the objectives of the agency, or not prudent. 

• a. Illegal Expenditures 

• b. Irregular Expenditures 

• c. Unnecessary Expenditures 

• d.  Excessive Expenditures   

• e. Extravagant Expenditures 

It refers to expenditures which are immoderate quantity and exorbitant price, beyond requirements or in excess of reasonable limits. 

• a. Illegal Expenditures 

• b. Irregular Expenditures 

• c. Unnecessary Expenditures 

• d.  Excessive Expenditures   

• e. Extravagant Expenditures 

It refers to expenditures which are prodigal, lavish, luxurious, wasteful, grossly excessive, or injudicious. 

• a. Illegal Expenditures 

• b. Irregular Expenditures 

• c. Unnecessary Expenditures 

• d.  Excessive Expenditures   

• e. Extravagant Expenditures 

It refers to expenditures which are unreasonable or those incurred in violation of ethical and moral standards. 

• a. Illegal Expenditures 

• b. Unconscionable Expenditures 

   

• c. Unnecessary Expenditures 

• d.  Excessive Expenditures   

• e. Extravagant Expenditures 

It refers to an e-Payment scheme where the payments are made by the government entity itself, using the intermediary's technology or infrastructure. 

• a. Direct Electronic Payment 

• b. Transfer-Distribute-Liquidate  

• c. Credit Cards 

10. It refers to an e-Payment scheme where the government entity's funds are first transferred to the intermediary's possession and control, which the latter thereafter uses to distribute payments to the intended payees of the principal government entity. 

 

• a. Direct Electronic Payment 

• b. Transfer-Distribute-Liquidate  

• c. Credit Cards