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REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF THE TREASURY REGION VI, ILOILO CITY


Funding the Republic

September 27, 2011 DR. MINDA J. FORMACION Chancellor University of the Philippines - Visayas Dear Dr. Formacion, Executive Order No. 55 which Pres. Benigno C. Aquino III signed last September 6, 2011 aims to direct the integration and automation of all government financial management systems to make them more effective. Through the creation of a Government Integrated Financial Management Information Systems (GIFMIS), a transparent and effective way of monitoring the disbursements and appropriations will be provided. In line with this, a Treasury Single Account (TSA) will be created to provide the Bureau of the Treasury a more effective way of cash management and rationalizing agency bank accounts. Starting 2012, the National Payroll System (NPS) will be implemented in which the Bureau of the Treasury is mandated to pay the salaries of all government workers. As such, we are presently gathering data relevant to the implementation of the NPS. We have attached herewith a format to be accomplished by your office and submitted thru email at region06(iP,treasury.gov.ph , as soon as possible. If you have questions, feel free to contact us at (033) 3350135. We are looking forward to your prompt reply and action on this matter. Thank you. Very truly yours,

JULIET A. ALFECHE OIC Regional Director

156 R.C. Bldg., Rizal St., Iloilo City (033) 3350135 / (033) 5099805 region06(a)treasurv.gov.Ph iulietalfecheQyahoo.com