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Fixed Expenditures Accounting and Reporting System (FEARS)

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20 Terms

1

Fixed Expenditures Accounting and Reporting System (FEARS)

A system designed to establish historical cost data for budget preparation reference.

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2

FEARS Objectives

To ensure all transactions are digital and paperless.

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3

Types of Fixed Expenditures

Light, water, and communication.

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4

Role of C, RLDs/ADLs

Responsible and accountable for managing fixed expenditure funds and resources.

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5

Monthly Status of Funds (MSF)

Document used to summarize funds received, disbursements, and resulting available funds.

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6

Consumption Subsidiary Ledger

Ledger used for storing consumption transactions.

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7

Energy Regulatory Commission

Regulates tariff rates for electricity according to the system.

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8

FEARS

Fixed Expenditures Accounting and Reporting System.

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9

Regional Finance Service Office

Entity responsible for collecting payments from Concessionaires, On-Base Housing Units, and Non-PNP Units for utility consumption.

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10

Managing Consumption

RD, PROs may impose a ceiling on light, water, and telephone consumption.

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11

Lot Size Requirement for PNP Police Station of Type "A"

600 sq.m

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12

Directorate for Logistics Responsibility

Supervising all construction projects within Camp Crame and Camp Panopio

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13

Performance Security Requirement

30% of the contract price from the winning bidder prior to contract signing

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14

EAO Limit for Projects with Duration of One Year or Less

Three Hundred Thousand Pesos

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15

Estimated Project Cost

Total amount programmed and released for infrastructure projects

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16

Bids and Awards Committee (BAC)

Body overseeing bids and awards for PNP projects

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17

EAO for Projects 50 km - 150 km from Engineer's Office

One percent of the ABC

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18

Director, Engineering Service Responsibility

Ensuring compliance with National Building Code and other laws

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19

RHSG Supervisory Power

Over repair projects within RHQ with estimated cost below Php100,000

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20

Responsibilities of Director, Engineering Service

Monitoring projects, ensuring compliance, preparing plans, and overseeing repairs.

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