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    Central Student Government: Commission On Audit

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    Emerson
    The document is a financial statement from the Central Student Government of Holy Name University that summarizes collections and expenses for the 1st semester of the 2019 academic year. It shows that the COED began with a balance of ₱60,649.52 and had total collections of ₱109,545, bringing the total available funds to ₱170,194.52. Various expenses totaling ₱105,001.40 were incurred, leaving an ending balance of ₱65,193.12. Accompanying notes provide additional details on the sources of collections and nature of expenses.

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    Central Student Government: Commission On Audit

    Uploaded by

    Emerson
    56 views4 pages
    The document is a financial statement from the Central Student Government of Holy Name University that summarizes collections and expenses for the 1st semester of the 2019 academic year. It shows that the COED began with a balance of ₱60,649.52 and had total collections of ₱109,545, bringing the total available funds to ₱170,194.52. Various expenses totaling ₱105,001.40 were incurred, leaving an ending balance of ₱65,193.12. Accompanying notes provide additional details on the sources of collections and nature of expenses.

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    The document is a financial statement from the Central Student Government of Holy Name University that summarizes collections and expenses for the 1st semester of the 2019 academic year. It shows that the COED began with a balance of ₱60,649.52 and had total collections of ₱109,545, bringing the total available funds to ₱170,194.52. Various expenses totaling ₱105,001.40 were incurred, leaving an ending balance of ₱65,193.12. Accompanying notes provide additional details on the sources of collections and nature of expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    56 views4 pages

    Central Student Government: Commission On Audit

    Uploaded by

    Emerson
    The document is a financial statement from the Central Student Government of Holy Name University that summarizes collections and expenses for the 1st semester of the 2019 academic year. It shows that the COED began with a balance of ₱60,649.52 and had total collections of ₱109,545, bringing the total available funds to ₱170,194.52. Various expenses totaling ₱105,001.40 were incurred, leaving an ending balance of ₱65,193.12. Accompanying notes provide additional details on the sources of collections and nature of expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Central Student Government

    Holy Name University


    Janssen Heights Campus, Tagbilaran City, Bohol

    COMMISSION ON AUDIT
    COLLEGE OF EDUCATION
    STATEMENT OF COLLECTIONS AND EXPENSES
    For the 1st Semester ended October 2019

    Beginning Balance ₱ 60,649.52

    Add: Booklet Contribution 13,000.00


    Intramurals Contribution 31,120.00
    Collection of Fines 63,070.00
    Other Income 2,355.00 109,545.00
    Total Fund Available 170,194.52

    Less: First LGU Expense 1,476.35


    Booklet Expense 3,181.00
    COED LGU Uniform 12,870.00
    Food Expense 1,750.65
    LGU Project 6,814.25
    COED Sportsfest 13,927.15
    CSG Acquaintance Party 250.00
    COED Dean,s Birthday Celebration 776.00
    HNU Intramurals 57,438.70
    COED Fiesta 2019 995.50
    COED Tribute to Graduates and Parents 5471.80
    Pilgrimage 50.00 105,001.40
    Ending Balance ₱ 65,193.12

    Prepared by: Approved by:

    ABEGAIL SALADA MARLON L. CINCO


    COED Treasurer Governor

    Audited by

    ABEGAIL M. TORREMOCHA RALPH EMERSON L. OYANG


    Senior Commissioner, COA Junior Commissioner, COA

    *See accompanying Notes to the Statement of Collections and Expenses.


    Central Student Government
    Holy Name University
    Janssen Heights Campus, Tagbilaran City, Bohol

    COMMISSION ON AUDIT

    Junior Commissioner, COA Junior Commissioner, COA

    *See accompanying Notes to the Statement of Collections and Expenses.


    Central Student Government
    Holy Name University
    Janssen Heights Campus, Tagbilaran City, Bohol

    COMMISSION ON AUDIT
    Campus Student Organization
    NOTES TO THE STATEMENT OF COLLECTIONS AND EXPENSES
    For the Academic Year ended March 2019

    Note 1: COLLECTION FROM FIRST SEMESTER

    Collections from First Semester Clearances ₱ 63,925.00


    Penalty on Underfines 1,500.00
    Penalty on Missing Clearances 0.00
    Collection from First Semester ₱ 65,425.00

    1 Theactual amount of uncollected fines arising from erroneous assessments and calculations has an
    actual amount of Php 7,935 which is equivalent to a penalty of Php 1,500.00 based on the Table of
    Tolerable Range for Underfines set by the Commission on Audit.
    2 The actual percentage of missing clearances is 0.9%, which is equivalent to a penalty of Php 0.00 based
    on the Table of Tolerable Range for Percentage of missing clearances set by the Commission on Audit.

    Note 2: COLLECTION FROM SECOND SEMESTER

    Collections from Second Semester Clearances ₱ 114,980.00


    Penalty on Underfines 50.003
    Penalty on Missing Clearances 2,000.004
    Fines and Penalties ₱ 117,030.00
    Other Income
    Overcollected and unrefunded fines
    from Second Semester Clearances 145.00
    Registration Fees
    Mid-Year Evaluation and Planning ₱ 26,150.00
    Year-End Evaluation and Planning 22,100.00 48,250.00
    Collection from Second Semester ₱ 165,425.00

    3 Theactual amount of uncollected fines arising from erroneous assessments and calculations has an
    actual amount of Php 825.00, which is equivalent to a penalty of Php 50.00 based on the Table of
    Tolerable Range for Underfines set by the Commission on Audit.

    *See accompanying Notes to the Statement of Collections and Expenses.


    4 The actual percentage of missing clearances is 5.85%, which is equivalent to a penalty of Php 2,000.00
    based on the Table of Tolerable Range for Percentage of missing clearances set by the Commission on
    Audit. The percentage is computed using the formula,

    𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑀𝑖𝑠𝑠𝑖𝑛𝑔 𝐶𝑙𝑒𝑎𝑟𝑎𝑛𝑐𝑒𝑠 − 𝐴𝑙𝑙𝑜𝑤𝑎𝑛𝑐𝑒 𝑓𝑜𝑟 𝑀𝑖𝑠𝑠𝑖𝑛𝑔 𝐶𝑙𝑒𝑎𝑟𝑎𝑛𝑐𝑒𝑠


    𝑁=
    𝑇𝑜𝑡𝑎𝑙 𝑃𝑜𝑝𝑢𝑙𝑎𝑡𝑖𝑜𝑛
    Where, N = percentage of missing clearances
    Allowance for Missing Clearances = 5% of the Total Population
    Thus,
    315 − ( 5% × 2,902)
    𝑁= = 5.85%
    2,902

    Note 3: FIRST SEMESTER EXPENSES


    Holynamian Student Leaders’ Summit ₱ 63,538.40
    CSO Recognition Day 55,364.04
    Operating Expenses 24,300.45
    CSO Awards (1st Semester) 1,566.00
    First Semester Expenses ₱ 144,768.89

    Note 4: SECOND SEMESTER EXPENSES


    CSO Year-End Evaluation and Planning ₱ 82,283.09
    CSO Mid-Year Evaluation and Planning 78,143.35
    Trail Camp 2019 Registration Fee 22,950.00
    Operating Expenses 19,295.65
    ALMA Fest 10,000.00
    One University in Prayer 9,857.00
    Women’s Month Opening 6,284.40
    CSO Awards (2nd Semester) 4,804.00
    Pre-Audit Week 1,494.95
    2nd Semester Outreach Caravan 1,315.45
    Second Semester Expenses ₱ 236,427.89

    *See accompanying Notes to the Statement of Collections and Expenses.

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