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Section 11. Finance and Physical Assets Management Service - Administrative Code of 1987

Section 11. Finance and Physical Assets Management Service of Administrative Code of 1987. Section 11. Finance and Physical Assets Management Service. - The Finance and Physical Assets Management Services shall have the following functi

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Administrative Code of 1987

Section 11. Finance and Physical Assets Management Service. - The Finance and Physical Assets Management Services shall have the following functions:

(1) Prepare, execute and administer the Department's budget including standards and guidelines;

(2) Monitor and evaluate the implementation of the Central and Regional budget;

(3) Process all money claims related to all types of Department expenditures including personal services, maintenance and other operating expenses and capital outlays;

(4) Prepare financial reports and maintain books of accounts;

(5) Prepare, release and control check disbursements and index or monitor check payments;

(6) Implement proper internal control mechanisms;

(7) Formulate and implement policies and systems on the disposition of supplies, materials and equipment requirements of all operating units for their effective functioning;

(8) Undertake repair and maintenance of all equipment furniture, building facilities and grounds of the Department; and

(9) Manage and maintain an inventory of physical assets in the Department's Central and Regional offices.

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