Adjustment of the obligation incurred

after the processing of the claim shall be

made through the use of Notice of
Obligation Request and Status
Adjustment.
RANCA shall be maintained by the
National Government Agencies to
monitor appropriations and
allotments charged thereto.
Fund Cluster is part of the
RANCA form.
 Sec 29 (1) Article VI of the 1987
Constitution provides that No
money shall be paid out of the
treasury except in pursuance of an
appropriation law
The third step of the budget
cycle is a budget legislation.
 The COA monitors the efficiency of
fund utilization, assesses the agency
performance and provides a vital
basis of reforms and new policies.
 Balanced budget is where the
proposed expenditures are equal or
less than the estimated revenues.
GAA shows the overall accounting
system of a government agency.
Allotment Release Program serve as the ceiling
for the aggregate allotment releases during the
year from all sources