Revised manual on the disposal of government properties

MANILA, Philippines — The Commission of Audit (COA) and Department of Budget and Management (DBM) released last March 6 a joint circular that aims to update the National Budget Circular (NBC) 425 dated Jan. 28, 1992 and to guide government agencies concerned in their disposal undertakings.

To help all government institutions with their compliance, the Center for Global Best Practices will host a two-session online training titled “Revised Manual on the Disposal of Government Properties” on May 7 and 8, 9 a.m. to 12 p.m. via Zoom.

Proper disposal of government properties is an important part of the asset lifecycle. It ensures accountability, efficiency and sustainability in managing government assets. The systematic and timely disposal of properties, supplies and materials that are already unserviceable, obsolete or no longer needed by the agency are essential to avoid further deterioration of the properties and consequent depreciation in their value. It would ensure the elimination of the continuing storage costs of the government, relieve accountable employees from unnecessary or excess accountability, and effectively decongest government offices.

Learn all these from former COA assistant commissioner Maribeth de Jesus, a practitioner, lecturer, consultant and adviser to various government agencies on accounting and auditing. She conducts special training on cash management, inventory and supply management, financial controls and regulations on utilization of government funds.

Registration is open to the general public; and is highly recommended for all heads and key officers of the executive branch and corresponding regional  and field offices, state  and local universities and colleges, government corporations and their subsidiaries, local water districts, local government units, legislature, judiciary, constitutional commissions, office of the ombudsman; members of the inventory  and disposal committee and its secretariat.

For details, visit www.cgbp.org or call (+63 2) 8556-8968 / 69 or (+63 2) 8842-7148 /59.