DBM Circular to Release Funds for January of FY 2020




Here is a copy of the Circular Letter No. 2020-1 from the Department of Budget and Management entitled Release of Funds for January of FY 2020.

This was issued on January 2, 2020, on the official website of the DBM. Please read below to be informed.

1.0 This Circular covers the following:
1.1 All agencies in the national government, including SUCs; and
1.2 The Bureau of the Treasury for the amounts of assistance to the government
owned or controlled corporations (GOCC5) and local government units
(LGUs).

2.0 Pending the approval of the FY 2020 General Appropriations Act (GM), all operating units, i.e., agencies of the national government receiving allotment/Notice of Cash Allocation (NCA) directly from DBM, are authorized to obligate the amount corresponding to their actual requirements under the regular budget for the month of January FY 2020 but not to exceed the following percentages, i.e.:

 2.1 Chargeable Against Agency Specific Budget
 2.1.1 Personnel Services (PS)
 2.1.1.1 One twelfth (1/12) of PS level using actual salary requirements as of December 31, 2019  (i.e.,  number of filled positions and salary rates) but not to exceed the level provided under the FY  2020 National Expenditure Program (NEP). This PS level shall exclude the following:
 - Mid-Year Bonus;
 - Year-End Benefits and Cash Gift;
 - Clothing and Uniform Allowance;
 - Productivity Enhancement Incentive; and
 - Built-in funds in the agency budget for the creation of new positions.

FULL TEXT BELOW...







DBM Circular to Release Funds for January of FY 2020 DBM Circular to Release Funds for January of FY 2020 Reviewed by DepEd Click Admin on January 02, 2020 Rating: 5

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