The respective heads of the agencies shall be responsible for ensuring compliance with this section.
Annual Reports on the Status of Income Authorized by Law to be Retained or Used and be Deposited Outside the National Treasury, which shall include the Legal Basis for its retention or use, the beginning balance, income collected and its sources, expenditures, and ending balance for preceding fiscal year
MAINTENANCE AND OTHER OPERATING EXPENSES
In accordance with RA 9485 (Anti-Red Tape Act of 2007) schools are mandated by law to have a Transparency Board on MOOE posting All school expenditures using the allocated funds.
Budgeting plays a significant role in the effective utilization of available resources in order to achieve organizational goal. In the educational sector , school budget is one of the most powerful tools to promote and strengthen the school-based management and accountability in the presence or availablity of the Maintenance and Other OperatiEng Expenses (MOOE) allocation.
Cuneta Elementary School was allocated with a total amount of 47,000.00 monthly Maintenance and Other Operating Expenses (MOOE) to be spent on the activities, rpograms and necessities of the school in its monthly operation. The allocated monthly MOOE of the school was used to support learning and curricular programs, helps maintain a safe and healthy environment which includes fund of minor repairs of facilities, and in the procurement of school supplies and other consumables for teachers and learners necessary for the conduct of teaching and learning activities. It is also part of the school’s responsibility to design, support and fund school-based training and activities as identified in the approved School Improveent Plan (SIP) for the Implementation Plan (AIP) of the school.
The challenges in accountability and transperency in managing school finances are still experienced by most public schools. Thus, Cuneta Elementary School has posted a copy of its financial reports on the school’s Transparency Board that shows the liquidation of school funds as mandated by Republic Act 9485 or the Anti-Red Tape Act of 2007.