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  • Resolution No. 01 - 004

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    XU CSG COA
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    The Xavier University - Central Student Government Commission on Audit passed Resolution No. 001-004 requiring student organizations that utilize student funds to publish audited cash flow statements. The resolution aims to promote transparency and accountability in the use of student money by compelling organizations to post a 5x8 tarp with their per-semester audited cash flow statement in conspicuous areas on campus. This will provide students insight into how their fees are being spent by various school groups. The resolution takes effect immediately to ensure students have access to this vital financial information.

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    THE PUBLISHING OF AUDITED CASH FLOW STATEMENT OF XU – CSG .

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    The Xavier University - Central Student Government Commission on Audit passed Resolution No. 001-004 requiring student organizations that utilize student funds to publish audited cash flow statements. The resolution aims to promote transparency and accountability in the use of student money by compelling organizations to post a 5x8 tarp with their per-semester audited cash flow statement in conspicuous areas on campus. This will provide students insight into how their fees are being spent by various school groups. The resolution takes effect immediately to ensure students have access to this vital financial information.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    11 views2 pages

    Resolution No. 01 - 004

    Uploaded by

    XU CSG COA
    The Xavier University - Central Student Government Commission on Audit passed Resolution No. 001-004 requiring student organizations that utilize student funds to publish audited cash flow statements. The resolution aims to promote transparency and accountability in the use of student money by compelling organizations to post a 5x8 tarp with their per-semester audited cash flow statement in conspicuous areas on campus. This will provide students insight into how their fees are being spent by various school groups. The resolution takes effect immediately to ensure students have access to this vital financial information.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    XAVIER UNIVERSITY ATENEO DE CAGAYAN

    CENTRAL STUDENT C O M M GOVERNMENT ISSION ON AUDIT


    StC 603, Xavier University Main Campus, Corrales Ave., Cagayan de

    ACES | ASC| CITSC | CONUS | CSSC | UNITASS | TG | SBMSC


    Oro City

    RESOLUTION: No. 001 004 Date: July 1, 2013 SUBJECT: THE PUBLISHING OF AUDITED CASH FLOW STATEMENT OF XU CSG WHEREAS, Section 4.1.8 (4) of Article IX of the Constitution vests on the Commission on Audit the authority to promulgate its own rules and regulations, create its own techniques or methods for a transparent accounting and auditing process and must at all times adopt the Generally Accepted Accounting principles (GAAP); WHEREAS, it is an apparent fact that the student organizations and councils including the XU-CSG utilize student funds for their operations; WHEREAS, it is money is being spent Commission, as part accountability, deems such vital information. primarily a right of every student to know how their by the people behind each school organization; the of its advocacy in promoting transparency and it indispensable that the students be provided with

    NOW WHEREFORE, premises considered, the Commission has RESOLVED, as it does hereby resolve to compel the above-mentioned organization to publish its Per-Semester Audited Cash Flow Statement prepared by its Budget & Finance Officer, audited by the Commission on Audit, noted by the XU-CSG President and approved by the SACDEV moderator through a 5 x 8 sized tarpaulin and have it posted in conspicuous places within the campus for all of the students to see. Attached herewith is an outline of the Audited Cash Flow Statement. This Resolution shall take effect immediately. Done this 1st day of July, 2013 in Xavier University, Corrales Ave., Cagayan de Oro City, Philippines.

    (SGD.) Gizelle P. Labial Chairman (SGD.) Christian Amahan Commissioner (SGD.) Herald Campugan Commissioner

    Good Governance Through Transparent Accounting

    XAVIER UNIVERSITY ATENEO DE CAGAYAN

    CENTRAL STUDENT C O M M GOVERNMENT ISSION ON AUDIT


    StC 603, Xavier University Main Campus, Corrales Ave., Cagayan de

    ACES | ASC| CITSC | CONUS | CSSC | UNITASS | TG | SBMSC


    Oro City

    Good Governance Through Transparent Accounting

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