Re: Certificate of Availability of Funds vs. Existence of Available Appropriation Post by jcolas on Mon Sep 27, 2010 6:27 pm Certificate of Available of fund vs Existence of Available Appropriation. Appropriation is one of the Budgetary Accounts that includes allotment and oblgations. Appropriation refers to the authorization made by law or other legislative acts for payments to be made with government funds under specified conditions and/or for specified purpose. Appropriations are broken down by your Budgeting Office into allotment class which now becomes the authority to obligate. The appropriations are issued to agencies by the DBM through the ARO for regular expenditures or (SARO), where the release of which is subject to compliance with specific laws or regulations or is subject to separate approval or clearance by competent authority. Certificate of Availability of Funds, on the other hand, is that certification that is signed by the Accountant to show that their is availability of Cash Allocation and that upon certification by the Accountant, the obligation incurred can now be actually paid. The Certificate of Availability of Funds signed by the Accountant hinges on the Existence of Available appropriation certified by the Budget Officer. I hope Sir RDV can explain further. jcolas Board General Board General Male Number of posts: 517 Company/Agency: DepED RO 2 Occupation/Designation: Administrative Officer V Registration date: 2009-07-02
Posted on: Sat, 03 Jan 2015 13:50:11 +0000
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