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2. General Income-encompasses all ltypes of revenue/income generated by government agencies in the exercise of their administrative and regulatory function, income from public enterprises/investments, and income from grants and donations including subsidies.
Other receipts of National Government Agrncies shall be comprised of, but not limited to the following: 1. 2. 3. 4. Refund of Cash Advances Receipts of Performance/Bidders/Bail Bonds Refund from Overpayment of Expenses Collections made on behalf of Another Agency or Private Companies 5. Intra-Agency Transfer Funds
FROM DOMESTIC SOURCES: 1. The national government agency collects the revenue of the government from whatever source. 2. The agency remits the collections to the Bureau of Treasury through the AGDB. 3. The AGDB advice the Bureau of Treasury. 4. The Bureau of Treasury records the collections in its books. 5. The Bureau of Treasury replenishes its Modified Disbursement (MDS) account/s with the bank for checks negotiated.
FROM FOREIGN SOURCES: 1. Foreign Funding Institution remits the amounts in foreign currency to the BSP. 2. The BSP advises the Bureau of Treasury of the receipt of the foreign currency remittance. 3. The Bureau of Treasury record the receipt in its books in peso value equivalent. 4. Upon receipt of the Notica of Cash Allocation from the DBM, the Bureau of Treasury advises the bank to transfer the cash to the agency. 5. The government agency records the NCA in its books.
Types of Collections
1. 2. 3. 4. 5. Without authority to use With authority to use Authority with limitations Income from sale of equipment Grants and donations intended for agency use 6. Miscellaneous collections