Refinement/Improvement of the UACS Code Structure

1. Refinement/Improvement of the UACS Code Structure

2. Current Status / Actions Needed • The revision to the coding structure was approved by the PFM Committee on April 30, 2014 • The PFM Budget Reporting and Performance Standard (BRPS) PIU is in the process of formalizing the coding structure revision and code values • A Joint Circular (or Budget Circular) will be issued to inform all agencies / users – This will be done as soon as possible.

3. UACS Coding Framework (Revised/Improved)

4. The Revised/Improved UACS

5. UACS Element – Funding Source

6. Fund Cluster • Fund Cluster is an aggregation of Funding Source for the purpose of recording transactions and report preparation in the Accounting processes (otherwise accounting books are for Each Funding Source Code). • Other purposes of fund cluster is streamlining the maintenance of bank accounts, and to avoid having a separate bank account for each funding source code which is contrary to the principle of MDS (3 bank accounts) and Treasury Single Account (TSA) system. Also for BFAR Reports.

7. Refinement to UACS Funding Source Code – Fund Cluster • Fund Clusters for Funding Source Code • 01 – Regular Agency Fund • 02 – Foreign Assisted Project Fund • 03 – Special Accounts – Locally Funded/Grants • 04 – Special Account – Foreign Assisted/Grants • 05 – Internally Generated Income • 06 – Business Type Income • 07 – Trust Fund

8. Sample Funding Source Code – UACS (new)

9. Sample Funding Source Code – UACS (new)

10. In summary, Funding Source : Fund Cluster is - 01 – Regular Agency Fund 02 – Foreign Assisted Project Fund 03 – Special Accounts – Locally Funded 04 – Special Account – Foreign Assisted/Grants 05 – Internally Generated Income 06 – Business Type Income 07 – Trust Fund Financing Source is - 1 - General Fund 2 - Off-Budgetary Funds 3 - Custodial Funds

11. In summary, Funding Source : Authorization Code is – (under the General fund): 01 - New General Appropriations 02 - Continuing Appropriations 03 - Supplemental Appropriations 04 - Automatic Appropriations 05 - Unprogrammed Funds (under the Off-Budgetary fund): 06 - Retained Income/Funds 07 - Revolving Funds (and under Custodial fund): 08 - Trust Receipts

12. In summary, Funding Source : Under the General Fund (Financing Source Code 1), Each Authorization code is further disaggregated into the following Fund Categories: 101 - Specific Budgets of National Government Agencies 102-110 - Specific Budgets of NGAs – Automatic Appropriation 151-250 - Multilateral/Bilateral Assistance 251 - Allocation to LGUs – Automatic Appropriation 252-275 - Allocation to Local Government Units 276-300 - Budgetary Support to GOCCs 301-320 - Financial Assistance to MMDA 321-400 - Special Account in the General Fund 401-420 - Special Purpose Funds 421-440 - Unprogrammed Funds

13. In summary, Funding Source : Off-Budgetary Fund (Financing Source Code 2) is further disaggregated into the following Fund Categories: 441-500 - Retained Income/Funds 501-600 - Revolving Funds Custodial Fund (Financing Source Code 3) has the Fund Category – 601-610 - Trust Receipts

14. Questions and Comments?

15. Thank You!