PARAMETER D: FINANCIAL MANAGEMENT
SYSTEM - INPUTS AND PROCESSES
S.2. The institution has a specific budgetary allotment for the following:
IMPLEMENTATION
I.5. The Institution allocates funds for the following student services and activities:
I.5.3. medical/dental services;
BEST PRACTICES
Conduct of Mid-Year Assessment and Review. One of the discussions is the BUDGET UTILIZATION RATE of the different COST CENTER.
As proof of proper utilization of funds, the University was able to provide additional cash incentives in the past three years to employees occupying regular, contractual, or casual status:
CNA Incentive of P 25,000 per employee.
Service Recognition Incentive of P 10,000 per employee.
As proof of proper utilization of funds, the University was able to provide additional cash incentives in the past three years to employees with job order or contract of service status:
Gratuity Pay of P 5,000 per employee.