GOVACC 1-2
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1. Agency It refers to any various units of the
government, including an office,
instrumentality or GOCC that may not
approximate the size of a
department, but which nonetheless
perfoems tasks that are equally
important and whose area of concern
is nationwide in scope.
2. Agency Codes It refers to any of tge various units of
the government instrumentality or
GOCC that may not approximate the
size of a department
3. Allocation to Refers to the sharebof LGU from the
LGU revenue collections of the National
Government
4. Automatic Authorization made annually or for
Appropriations some other periods prescribed by
law, by virtue of standing legislation,
which do not require periodic action
by the Congress.
5. Barangay It is the basic political unit of
government. It serves as the primary
planning and implementing unit of
government policies, plans,
programs, projects and activities in
the community.
6. Budgetary Refers to either subsidies for
Support to operations or projects, equity
Government contributions and net lending/or
Corporations advances to GOCC for loan payments
7. Bureau of Plays a pivotal role in the cash
Treasury operation of the national
government.
8. CDA It is a unit established in each of the
Extension country's regions or as may be
Office necessary
9. Commission Keeps the general accounts of the
on Audit government, promulgates accounting
rules and regulations, and submits to
the President and Congress, within
the time fixed by law an annual
report of the government. Also,
responsible for the consistency of
account classification and coding
structure with the Revised Chart of
Accounts.
10. Continuing Authorized to support obligations for
Appropriations a specified purpose or project, even
when these obligations are incurred
beyond the budget year.
11. cost center Established to provide each
government agency's accessibility to
cost information and to facilitate cost
monitoring at any given period
12. Custodial Funds refer to receipt of cash received
Funds by any government agency to fulfill a
specific purpose.
13. Department It is primary subdivision of the
Codes Executive Branch responsible for the
overall management of a sector
14. Department Responsible for the formulation and
of Budget implementation of the National Budget
and with the goal of attaining our national
Management socio-economic plans and objectives.
Also, responsible for the efficient and
sound utilization of government funds
and revenues to effectively achieve the
country's development objectives. And,
responsible for the validation and
assignment of new codes for funding
source, organization, sub-object codes
for expenditure items.
15. Department Responsible for the consistency of
of Finance — account classification and coding
Bureau of standards with the Government
Treasury Finance Statistics
16. Fund Cluster It refers to an accounting entity for
Accounting recording expenditures and revenue
associated with a specific activity for
which accounting records are
maintained and periodic reports are
prepared.
17. General Funds available for any purpose that
Funds Congress nay choose to apply
18. Government encompasses the processes of
Accounting analyzing, recording, classifying,
summarizing and communicating all
transactions involving the receipt and
disposition of government funds and
property and interpreting the results
thereof.
19. Municipality It is a political corporate unit of
government which consists of a group
of barangays. It serves primarily as a
general-purpose government for the
coordination and delivery of basic,
regular and direct services and
effective governance of the inhabitants
within its territorial jurisdiction
20. New General Annual authorizations for incurring 30. Registry of Maintained to monitor appropriations
Appropriations obligations, in terms of specific Appropriation and allotments charged thereto. It
amounts for PS, MOOE, FinEX, CO and shall show the original, supplemental
during a specified budget year as Allotments and final budget for the year and all
listed in the GAA. allotments received charged against
21. Notice of Cash Issued by the DBM to government the corresponding appropriation.
Allocation agencies to withdraw cash from the 31. Registry of Used to record the approved special
National Treasury through the Budget, budget and the corresponding
issuance of Modified Disbursement Utilization and utilizations and disbursements
System checks or other authorizes Disbursements charged to retained income.
made of disbursement. 32. Registry of Maintained by the Budget
22. Off-Budgetary Funds refer to receipts for Revenue and Division/Unit of NGA to monitor the
Funds expenditure items that are not part Other revenue and other receipts
of the National Expenditure Program Receipts estimated/budgeted, collected and
23. Program It is an integrated group of activities remitted/deposited.
that contributes to an agency or 33. Responsibility It is a system that relates the
department's continuing objective Accounting financial results to a responsibility
24. Province It is a political corporate unit of center, which provides access to cost
government which consists of a and revenue information under the
cluster of municipalities, or supervision of a manager having
municipalities and competent cities. direct responsibility for its
It serves as a dynamic mechanism for performance.
developmental processes and 34. responsibility a part, segment, unit or function of a
effective governance of local center government agency who is
government units within its territorial accountable for a specified set of
jurisdiction activities.
25. Public Sector Its function is to assist the COA in 35. Retained Collections that are authorized by
Accounting formulating and implementing PPSAS Income/Funds law to be used directly by agencies
Standard for their operation or specific
Board purpose
26. Regional It is an organization subdivision who 36. Revolving Receipts derived from business-type
Office is responsible for the performance of Funds activities of departments/agencies as
an entity's functions within a regin authorized by law, and which are
27. Registry of This registry shall be maintained by deposited in an authorized
Allotments the Accounting Division/Unit to government depository bank
and Notice of determine the amount of allotments 37. Special Fund where proceeds from specific
Cash not covered by NCA and to monitor Accounts in revenue measures and grants
Allocation available NCA. the General earmarked by law for priority
28. Registry of This registry shall be maintained by Fund projects are recorded and are
Allotments the Accounting Division/Unit to automatically appropriated
and Notice of determine the amount of allotments 38. Special Lump-sum funds included in the
Transfer of not covered by NTA and to monitor Purpose Funds GAA which are not within the
Allocation available NTA. approved appropriations
29. Registry of Maintained to record allotments, 39. Specific Refers to the budget appropriated for
Allotments, obligations and disbursements. It Budget of a specific department or agency of
Obligations shall show the allotment received for National the National Government
and the year, obligations incurred, and Government
Disbursements the actual disbursements made. Agencies
40. Staff Bureau It is a principal subdivision of department which primarily performs policy, program development
and advisory functions
41. Supplemental Additional Appropriations enacted by Congress to augment original appropriations that have
Appropriations proven insufficient for their intended purpose because of economic, political or social conditions.
42. Trust Receipts Receipts that are officially in the possession of government agencies or a public officer as trustee,
agent or administrator
43. Unprogrammed Standby appropriations for priority program or project of the government
Funds