Question & AnswerQ&A (DBM NATIONAL BUDGET CIRCULAR NO. 436)
The main objective is to prescribe the guidelines and procedures for the preparation and submittal of the Work and Financial Plan by all agencies of the national government, which will be used as the basis for the release of funds and monitoring of its utilization for Fiscal Year 1995.
All programs, projects, and activities of all departments, bureaus, offices, agencies of the national government, including self-governing Boards and Commissions and State Universities and Colleges, appropriated for FY 1995 under RA 7845, the 1995 General Appropriations Act, and programmed continuing and automatic appropriations.
The Work and Financial Plans consist of the Work Plan, Financial Plan, Cash Program, and the Cost of Filled Itemized Positions.
It reflects the agency's planned performance accomplishments scheduled by quarter, based on the level of appropriations authorized and programmed for the year.
The Financial Plan shows the intended schedule of incurring obligations by fund, program/project/activity, allotment class, and quarter, consistent with the work targets/planned accomplishments in the Work Plan.
They include the Schedule of Retirement and Terminal Leave Benefits (BEF 201), the Tax Expenditure Program (BEF 202), and the Annual Equipment Procurement Program (BEF 203).
It reflects the projected schedule of disbursements requiring issuance of the Notice of Cash Allocations for current budget expenditures, accounts payable, and continuing appropriations.
Releases for Personal Services shall be limited only to salaries of filled itemized positions and their corresponding benefits as presented in the cost of filled itemized positions (Section 3.5).
Additional releases may be requested for positions filled during the year as approved by the Civil Service Commission, for promotions, and for transfers, subject to submission of appointment copies.
Exemptions include retirement and separation benefits, mandatory expenditures such as rent and utilities, extraordinary and miscellaneous expenses, maintenance funds for infrastructure, expenditures under the Agrarian Reform Fund, internal revenue allotment of LGUs, and agencies with fiscal autonomy like Congress, Judiciary, Constitutional Commissions, the Ombudsman, and the Commission on Human Rights.