Title
Development Bank of the Philippines vs. Commission on Audit
Case
G.R. No. 144516
Decision Date
Feb 11, 2004
DBP's Gratuity Plan Fund income deemed separate from DBP revenue, but SLP dividend distribution disallowed for violating retirement laws.

Case Digest (G.R. No. 144516)
Expanded Legal Reasoning Model

Facts:

  • Antecedent Events
    • The Development Bank of the Philippines (DBP) is a government financial institution created by Executive Order No. 81 (as amended by R.A. 8523). The Commission on Audit (COA) is empowered by the Constitution and P.D. 1445 to audit all government funds.
    • On February 20, 1980, DBP’s Board adopted Resolution No. 794, creating the DBP Gratuity Plan effective June 17, 1967. A Trust Indenture (February 26, 1980) vested control and legal title of the Fund in a Board of Trustees; DBP Trust Services Department (TSD) was appointed investment manager.
    • In 1983, DBP established the Special Loan Program (SLP), funding loans to prospective retirees using their “equity” in the Gratuity Fund. The program was suspended in 1986 and revived by Board Resolution No. 066 on January 5, 1991. Under the SLP, loan proceeds remained in the Fund, earned interest to cover loan interest (initially 9%), and excess net earnings were paid as dividends.
    • DBP-TSD distributed ₱11,626,414.25 of net earnings for 1991–1992.
  • COA Audit and Appeals
    • Audit Observation Memorandum No. 93-2 (March 1, 1993) disallowed the 1991–1992 distributions, ruling they constituted an irregular use of public funds under P.D. 1445, and directed refund and recording as DBP income.
    • DBP’s July 29, 1996 letter to COA requested reconsideration, asserting the Fund’s separate legal personality and that the SLP was a normal loan scheme.
    • COA Decision No. 98-403 (October 6, 1998) denied reconsideration, holding the SLP an unlawful supplementary retirement benefit under Commonwealth Act No. 186, as amended.
    • COA Resolution No. 2000-212 (August 1, 2000) denied DBP’s second motion for reconsideration, citing Conte v. COA on proscribed supplementary plans.

Issues:

  • Standing
    • Whether DBP has standing to file a petition for certiorari against COA decisions.
  • Ownership of Fund Income
    • Whether the Gratuity Plan Fund’s income belongs to DBP or is held exclusively in trust.
  • Validity of SLP Dividends
    • Whether the distribution of ₱11,626,414.25 under the SLP is valid under retirement laws and the Gratuity Plan.

Ruling:

  • (Subscriber-Only)

Ratio:

  • (Subscriber-Only)

Doctrine:

  • (Subscriber-Only)

Analyze Cases Smarter, Faster
Jur helps you analyze cases smarter to comprehend faster—building context before diving into full texts.