Quiz on Fund Transfer Process and Requirements

What is the purpose of the approved budget?

• To allocate funds for different programs

• To evaluate project outcomes

• To monitor employee performance

• To manage office supplies

Which document is NOT listed as an attachment for requesting a Certificate of Availability of Funds (CAF)?

• Budget Report

• Quotation

• Technical Specifications

• Memorandum

Who should be cc'd in the email when requesting for CAF?

• FMD Director

• Head of Accounting Division

• Head of Budget and Fiscal Division

• Supervising Commissioner

What is the processing time for a refund request of payments made by SEC clients?

• 1 to 2 days

• 7 days

• 10 days

• 3 to 5 days

What does the acronym MOOE stand for in the context of allotment requests?

• Monetary Operations and Office Expenditures

• Monthly Operational Overhead Expenses

• Management of Office and Equipment

• Maintenance and Other Operating Expenses

Which of the following is a major function of the FMD-Treasury Division?

• Conducting employee training

• Overseeing project evaluations

• Collecting and Monitoring SEC Income

• Managing Office Supplies

What is the first step in the process flow for reclassification requests?

• FMD TD issues certification

• Client requests for reclass

• Operating Department recommends action

• FMD OD signs the memo

What is the purpose of Executive Order No. 170?

• To enhance employee training programs

• To regulate office supplies procurement

• To adopt digital payments for government transactions

• To streamline project evaluations

Which document is required for the refund process if the amount is more than Php 10,000?

• Letter request by client

• Endorsement to Commission En Banc

• Memo from concerned department

• Confirmation Letter from BTr

What does the term 'Digital Collection' refer to?

• Collecting cash payments

• Receiving payments through digital devices

• Manual payment processing

• Issuing paper receipts