The Department of Social Welfare and Development (DSWD) awarded its Cash Division under the Finance and Management Service (FMS) with a Certificate of Commendation for achieving 100% utilization of DSWD’s Notice of Cash Allocation (NCA) for the first semester of 2022.
The NCA is a cash authority issued by the Department of Budget and Management (DBM) to cover the cash requirements of government agencies.
As a government agency which is mandated to spend allocated funds to uplift the living conditions and empowers disadvantaged individuals, families and communities for an improved quality of life, a full utilization of the cash allocation means ensuring optimal spending for the effective and timely implementation of programs, projects, and services.
The Cash Division of the Department has the responsibility of efficiently managing the NCA. It regularly monitors the cash position of each office, bureau, and service (OBS) in the Central Office to ensure the maintenance of optimal cash balance.
The NCA is utilized in accordance with the approved Work and Financial Plan of OBS in the implementation of various programs and projects including payment of mandatory expenses through authorized modes of disbursements such as the issuance of Modified Disbursements Scheme (MDS) checks and List of Due and Demandable Accounts Payable-Advice to Debit Accounts (LDDAP-ADA).
On January 04, 2022, DBM released an NCA covering the expenses of the DSWD for the first quarter with a total of Nineteen Billion Nine Hundred Seventy-Seven Million Three Hundred Twenty-Seven Thousand Pesos (P19, 977,327,000.00). On the other hand, the NCA for the second quarter was issued on March 16, 2022, amounting to Forty-Seven Billion Nine Hundred Seventy-Seven Million Nine Thousand Pesos (P47, 977,009,000.00).
The said issuances were based on the Monthly Disbursement Programs (MDPs) by the DSWD submitted on 23 November 2021 to DBM.
To ensure an overall efficient cash management of the DSWD, the Cash Division coordinates with all the Department’s OBS on a monthly basis in the utilization of their allocated funds and assists them, if needed. They also provide the management with a monthly Cash Position Report (CPR) of all OBS and a consolidated CPR including all Field Offices with a narrative for all MDS accounts to enable the management to make sound financial decisions on matters relating to cash management.
The Cash Division also recognized the efforts of the OBS in their adherence to the planned MDPs.
With the award, the DSWD aims to motivate all its offices, bureaus, and services at the Central Office as well as its Field Offices to provide excellent public service and make the 100% utilization of NCAs not just for mere statistics but should also translate that the budget was well spent for the programs, projects, and services for the needs of the beneficiaries. ###