OBLIGATIONAL AUTHORITY FOR THE FY 2000 BUDGET
National Administrative Register February 27, 1996 [ DBM CIRCULAR LETTER NO. 2000-1, January 06, 2000 ]
For the first quarter of FY 2000, all agencies are hereby authorized
to obligate an amount equivalent to one twelfth (1/12) of their
approved budget under the 1999 General Appropriations Act (GAA) for
Personal Services, Maintenance and Other Operating Expenses, and Capital
Outlays of regular programs and on-going foreign assisted/locally
funded projects.
to obligate an amount equivalent to one twelfth (1/12) of their
approved budget under the 1999 General Appropriations Act (GAA) for
Personal Services, Maintenance and Other Operating Expenses, and Capital
Outlays of regular programs and on-going foreign assisted/locally
funded projects.
Obligations to be incurred pursuant to this Circular Letter shall be
treated as overdraft in appropriations and shall be adjusted once the
allotment chargeable against the 2000 GAA is received. The rules and
regulations pertinent to the appropriate accounting entries are
prescribed under COA Circular 96-002 dated February 27, 1996.
Adopted: 06 Jan. 2000
(SGD.) BENJAMIN E. DIOKNO
Secretary