budget process (1)

• General Allotment Release Order (GARO)


  is a comprehensive authority issued to all national government agencies, in general, to incur obligations not exceeding an authorized amount during a specified period for the purpose indicated therein. It covers automatically appropriated expenditures common to most, if not all, agencies without need of special clearance or approval from competent authority.
• General Appropriations Act Release Document (GAARD)


  serves as the obligational authority for the comprehensive release of budgetary items appropriated in the GAA, categorized as For Comprehensive Release (FCR).
• Special Allotment Release Order (SARO)


  covers budgetary items under For Later Release (FLR) in the entity submitted Budget Execution Documents (BEDs), subject to compliance of required documents/clearances.
• Automatic Appropriations


  are the authorizations programmed annually or for some other period prescribed by law, by virtue of outstanding legislation which does not require periodic action by Congress.
• Budget Information


  the budgetary information consists of, among others, data on appropriations or the approved budget, allotments, obligations, revenues, and other receipts, and disbursements.
• Continuing Appropriations


  are the authorizations to support obligations for a specific purpose or project, such as multi-year construction projects which require the incurrence of obligations even beyond the budget year.
• Disbursements


  are the actual amounts spent or paid out of the budgeted amounts.
• Final Budget


  is the original budget adjusted for all reserves, carry-over amounts, transfers, allocations and other authorized legislative or similar authority changes applicable to the budget period.
• New General Appropriations


  are annual authorizations for incurring obligations during a specified budget year, as listed in the GAA.
• Obligation


  is an act of a duly authorized official which binds the government to the immediate or eventual payment of a sum of money. Obligation maybe referred to as a commitment that encompasses possible future liabilities based on current contractual agreement.
• Original Budget


  is the initial approved budget for the budget period usually the General Appropriations Act (GAA). The original budget may include residual appropriated amounts automatically carried over from prior years by law such as prior year commitments or possible future liabilities based on a current contractual agreement.
• Revenues


  are increases in economic benefits or service potential during the accounting period in the form of inflows or increases of assets or decreases of liabilities that result in increases in net assets/equity, other than those relating to contributions from owners.
• Supplemental Appropriations


  are additional appropriations authorized by law to augment the original appropriations which proved to be insufficient for their intended purpose due to economic, political or social conditions supported by a Certification of Availability of Funds from the BTr.
• Notice of Cash Allocation (NCA)


  authority issued by the DBM to central, regional and provincial offices and operating units to cover the cash requirements of the agencies.
• Non-Cash Availment Authority (NCAA)


  authority issued by the DBM to agencies to cover the liquidation of their actual obligations incurred against available allotments for availment of proceeds from loans/grants through supplier's credit/constructive cash.
• Cash Disbursement Ceiling (CDC)


  authority issued by DBM to the Department of Foreign Affairs (DFA) and Department of Labor and Employment (DOLE) to utilize their income collected/retained by their Foreign Service Posts (FSPs) to cover their operating requirements, but not to exceed the released allotment to the said post.
• Notice of Transfer of Allocation


  authority issued by the Central Office to its regional and operating units to cover the latter's cash requirements.