Republic of the Philippines COMMISSION ON AUDIT Commaninraltl; Avenue, Quezun City, Philippines CIRCULAR No: __2015-O}f Date 06 10 Provincial Governors, City/Munieipal Mayors; Accountants, Cashiers. Local Treasnrers. and Budget Officers; COA Assistant Commissioners, Directors and Auditors; and All Others Concerned SUBJECT: ~ P¥scribing the Use of the Manual on Financial Management for Barangays. The Commission on Audit pursuant to the constitutional mandate to. promulgate accounting and auditing rules and regulations pertaining to the funds and property of the Government prepared the Manual on Finaneial Management for Barangays. In fine with the foregoing, this Commission hereby promulgates and prescribes the use af the Manual on Financial Management for Barangays (MFMB).The Manual adopted the Philippine Publie Sector Accounting Standards (PPSAS) prescribed under COA Resolution No. 2014-008 dated January 4, 2004 The Manual provides for the following + recognition PPSAS; ‘+ other financial procedures providing guidelines in the exercise of the duties and responsibilities of the barangay officials as provided in the Code and other laws; and + reporting requirements for barangay aeeounts compliant with the standaris, measurement; and presentation of accounts in accordance with the This supersedes the previous issuances on the presentation and accounting of barangay Finnanefal transactions ERE | sn 3. AGUINALDO. Chiemors rose Aythae Commi joner Commissioner