On October 23, 2017, the Central Board of Assessment Appeals (CBAA) received a letter dated October 6, 2017 from the Department of Budget and Management (DBM) which shows DBM’s review of CBAA’s performance covering the physical, financial and income performance for the period FY 2016. The DBM came up with findings and recommendations based on CBAA’s Report on Physical Targets/Accomplishments and Financial Performance for FY 2016.
Under Executive Order No. 292 s. 1987 (Administrative Code of 1987), the DBM is mandated to monitor and evaluate the delivery of Major Final Outputs (MFOs) by departments/agencies in accordance with performance indicators and targets, and carry out analysis to ensure performance targets are realistic and reported performance is valid.
The DBM recognized the CBAA’s efforts in delivering its commitments in terms of the performance indicators reflected in Volume I of the FY 2016 General Appropriations Act with the summary of its FINDINGS on “Financial Performance”, thus;
“The disbursement rate of 100% is an indication that the agency has maximized its available cash allocation to settle its due and demandable obligations, the bulk of which, were related to the procurement of IT equipment.”
The DBM letter concludes with the RECOMMENDATION that the agency will continue to fully utilize its released allotments, taking into consideration the 1 year validity of appropriations starting FY 2017.