Members of the Administrative Council and selected employees of the Southern Luzon State University (SLSU) attended a seminar titled, “Rules and Regulations on Government Expenditures: Proper Handling of Cash Advance, Petty Cash and Reimbursement,” on February 27.
Chief Administrative Officer Dr. Erwin D. Villaverde initiated the seminar, which was timely, given that the various offices, colleges, and campuses received several audit observation memoranda (AOM).
The University President, through the OIC-VP for Administrative and Financial Affairs Dr. Arvin N. Natividad, expressed his support for the seminar, which he described as a matter of great importance. The learnings acquired in the event would ensure that finances are well spent, and inevitably encourage more students to study in the university.
Mr. Mark Joel C. Obina, CPA, an audit team leader of the Commission on Audit, served as the resource speaker. Amidst the time constraints, Mr. Obina was able to impart information and applications focused on the guidelines for granting and liquidating cash advances for special projects, petty cash funds, and travel, as well as rules and regulations for reimbursement for emergency purchases of supplies, materials, and other expenses.
The seminar proper ended with Dr. Natividad’s closing remarks, thanking the speaker and reminding the participants to apply the knowledge learned during the event.
// SMRRivere