Revised Statement of Receipts and Expenditures Format

September 26, 2008 BLGF MEMORANDUM CIRCULAR NO. 014-08 TO : All BLGF Officials and Employees, Regional Directors for Local Government Finance, District Treasurers of Metropolitan Manila; Provincial, City and Municipal Treasurers and Others Concerned SUBJECT : RevisedStatementof Receiptsand Expenditures Format For the information and guidance of all concerned, attached is a copy of Joint Circular No. 2, s. 2008, dated July 18, 2008 of the Department of Finance (DOF) and Department of Budget and Management (DBM) on the abovementioned subject, issued for adoption consistent with Section 317 of Republic Act No. 7160, otherwise known as the Local Government Code of 1991, the Revised Philippine Government Chart of Accounts (PGCA) and the DILG-NEDA-DBM and DOF Joint Memorandum Circular No. 1, Series of 2007 dated March 8, 2007. More specifically this Joint Circular seeks to: 1. Identify the specific local sources of income of Local Government Units (LGUs) as well as their expenditures consistent with the use of the comprehensive Chart of Accounts in accordance with COA Circular No. 2008-001 dated January 29, 2008, prescribing the Revised Philippine Government Chart of Accounts. 2. Synchronize the preparation of the SRE by adopting a revised format to be accomplished by the Treasurers, Accountants and the Budget Officers of the LGUs as follows: 2.1 The Treasurer shall provide the actual receipts and expenditures for the past year and the first two (2) quarters of the current year. These shall be reflected in the past year column and the current year of the SRE for the two (2) quarters of the current year. acSECT 2.2 The Accountant jointly with the Treasurer shall certify the actual receipts and expenditures for the past year and for the two (2) quarters of the current year. 2.3 The Budget Officer in coordination with the Treasurer and Accountant shall prepare the estimates of the receipts and expenditures of the last two (2) quarters of the current and that of the budget year. The Treasurer, Accountant and Budget Officer shall be jointly responsible for the implementation of this Circular. The Regional Directors of this Bureau are hereby instructed to disseminate the contents of this Circular to all Provincial, City and Municipal Treasurers within their respective jurisdiction, likewise enjoining them to observe and comply with the provisions of this Circular. Be guided accordingly. (SGD.) MA. PRESENTACION R. MONTESA Executive Director ATTACHMENT Click here to view the full text of Joint DOF-DBM Circular No. 002-08