[REPUBLIC OF THE PHILIPPINES Department of Budget and Management Malacafiang, Manila CORPORATE OPERATING BUDGET —————SSSSSCSCSCSC~*&Y Calendar Year 2012, ‘Your Corporate Operating Budgot (COB) for Calendar Year 2012 per approved Board Resoluton No.2459, seres of 2017 submited pursuant to Section 6 of Executive Order (E.0.) No. 518, seies of 1978 and Section 19, Chapter 3, Book VI of E.0. No 292, series of 1987, is hereby approved for a total amount of FIFTEEN BILLION FOUR HUNDRED TWENTY NINE MILLION THREE HUNDRED TWELVE THOUSAND PESOS ONLY (P15,429,312,000), details of which are shown below: PRCILRS ‘PROPOSAL "APPROVED VARIANCE fa) 0) (osbea) TOTAL SOURCES: __15,477,260,000_P_15,477,260,000 - (Corporate Funds 18.477. 280,000- —15.477,260,000 TOTAL USES: P __15,474.858,000_P_15,429.312,000 P__ (45,846,000) Personal Services (PS) 761,000,000 "729,658,000 (@1,344,000) av ‘Maintonance and Other Operating Expenses (MOOE) 117,000,000 102,798,000 (14,202,000) bf capital Outlays (CO) 32,336,000 22398,000 of Others 15,164)522,000___15,164,522,000_ a Exeese/Shortfall p_2.402:000—P____47°848.000_ P 45 546,000), Footnotes: 4a The TIDCORP shall sity adhere to the folowing provisions of laws: Under Section 6 of Presidential Decree No. 1597, 6. 1978 Government Owned and Controled Corporations/Government Financial Insttutons (GOCCSIGFIe) exempted fram the slandardizediuniied compensation scheme of the government shall observe such guidelines and policies as may be Issued by the President governing poston classification, salary rates, levels of alowances, and bother forms of compensation and fringe benefits. Such government corporations shall report to the President, through the Department of Busgat and Management (DBM), on thei poston classtications and compensation plans, polices, rates and other felated details folowing sich specifications as may be prescibed by the President Section 5 thereof, also provides that allowances, honoraria and other fringe benefits shall be subject to the approval of the President upon recommendation of the Deu. Sections 1 to 3 of Memorandum Order No, 20 s, 2001 diiected the GOCCSIGFIs that are exempted from the Salary ‘Standardization Law (SSL) as follows: 1. Immediately suspend tho grant of any salary increases and new or increased benefits not in accordance with those granted Under SSL. This suspension covers senior officers and members of the board of drectorsirustees, 2, Prepare @ pay rationalization plan for senor ofcer positions and members ofthe board te reduce the actual pay package to not ‘exceeding to (2) times the standardized rates for comparable national government positions. ‘3. Any increase in salary oF compensation of GOCCSIGFIs that are not in accordance with the SSL shall be subject to the ‘approval of the President, Further, Section 9 of Joint Resolution No. 4 s. 2009 provided that exempt entities shall observe the policies, parameters and ‘uideines governing position classification, salary rates catogoris and rates of allowances, benefts and incentives, prescrived by the President, Any inereace inthe existing salary rates a8 well as the grant of new allowances, benefits and incontves, or an inetease in the rates thereof shall be subject to the approval by the President, upon recommendation of the DBM. Section 10 thereof, required exempl entiies to submit their existing compensation and postion classificaton systems and their implementation status to the OBM. Sections @ and 9 of Executive Order No. 7s. 2010 mandated that 41, GOCCsIGFle shall eubmit information on al salaries, allowances, incentives and otner benofts. 2. Except ealary adjustments pursuant to E.O. Nos. 811 s, 2009 and 900 s. 2010, 2 moratarlum on the increases inthe rates of salaries, and the grant of new or increase in the rates of allowances, incentives and other benefits is imposed until specicaly authorized by the President Executive Order No. 24, 5. 2011 provided for the reasonable per diems and reimburseable expenses to members ofthe Board of Directors Trustees. Section & of Republic Act No. 10148 (GOCC Governance Act of 2011), s. 2011 provided that the Governance Commission for Government-Owned and Controlled Corporations (GCG), after conducting a compensation study, shall develop a Compensation land Position Classification System which shall apply to all officers and employees of the GOCCs whether under the SSL or ‘exempt therefrom and shall consist of classes of positions grouped into such categories as the GCG may determine, subject to approval ofthe President. In view ofthe foregoing, the PS level computes based on the actual FY 2009 PS level and is only to accommodato 122 positions. It should not be construed as allowing the increase in salary rates and the grant of new or an increase in rates of allowancessbenefis, The var[—SoRPORATE OPERATING BUDGET. SSC~S™Y Calendar Year 2012 DEVELOPMENT CORPORATION OF THE PHILIPPINES (TIDCORP) “This review action shal not be construed as an aulhorization for specific expenditure tems under PS. The grant of auch tems is fuljectto approval om the Off ofthe President. Further, tis understood thet: 4. Standard allowances and benefits, which are auihorzed to officials and employees ofthe National Government Agoncios {NGAS} covered by SSL. may be adopted provided these are not ateady being grated in oter forms; 2. Alletheraiwances/beneftsincling rates not covered bythe SSL, a8 shown in Annex", shall be subject to approval ofthe Present, and 3. Any increase inthe existing salary rates anc the grant of new allowances, Benofts and Incentves, or an increase in the rates thereat sha be subject the approval bythe President b/MOOE level computed considering actualaudted expenses for the previous years, and the effects of inflation; thus, @ Giselowence of P14.202.000, whch incudes Taxes, Duties and Fees (P1,949,000), Other Services (P2,789,000), among others. ‘The MOOE levels inchsive of Extraordinary and Miscelaneous Expense of PAGO,000trensferted fom PS. Iionded for purehase of Information tchnelogy (equipment ure and fides, and transportation equipment Covers loan releases for guarantees, insurance credit and related technical assistance services, loan advances to cover default ‘uarantees, investment placements, investment income taxes, receivables from subrogated claims and payment of dividends, interest and financial charges, The approval of the COB shall be Gubjedt to The folowing condone: 4. Allexpendturas, whether for current operating expenditures or COs, shall be made within the ims of avaiable funds realized from corporate receipts, authorized corporate borrowings and National Government budgetary support either in the form of subsidy, equly or loans outlay, 2. Disbursement for personnel ameloraton/benefkt shall be subject to the pertinent compensation laws, rules and regulations, including E.0. Nos, 7 and 24 dated September 8, 2010 and February 10, 2011, respectively. Such expencitures shall also be Conditioned on the relevant General Provisions of Republic Act (R.A. No. 10158, the FY 2012 General Appropriations Act (ex Representation and Transportation Allowance under Section 45, General Provisions), or any specie aw or approval of the President of the Philppines or Secretary of Budget ané Management, as the case maybe 3. Disbursements for extraordinary and miscellaneous expenses shall be subject to Section 23, General Provisions of R.A. No. 10155 4. Disbursements from the Confiental and Inteligence Fund shall be covered by an approval from the President of the Phiippines. 5. For equipment items per Annual Equipment Procurement Program that requie specific clearancelapproval fom the Agencies ‘concerned (ex. National Computer Center for information technology aquipment and Ofice of the PresidentDepartment of Budget and Management/Supervising Department for motor vehicles), the same shall be secured before acquisition thereot in accordance with Corporate Budget Circular No. 17 dated February 9, 1995, National Budget Circular Nos. 448 and 440-A dated November 24, 1995 and January 30, 1998, respectively. Budget Circular No. 2010-2 dated March 1, 2010 and Administrative Order (A.0.) No. 239 dated August 1, 2008, Office of the Prestdent Memorandum Circular No. 9 dated December 14, 2010 and ‘AO. No, 18 dated May 25, 2011, among others. 66. The fiscal ciscipine measures prescribed under A.O. No, 103 dated August 31, 2004 shall be observed. 7, his understood that this approval does not authorize any item of expenditure that is prohibited by or inconsistent with the provisions of lav. 8. The pertinent laws, rules and regulations including those on compensation, procurament, budgeting, accounting and auditing shall be strictly folawed. Compliance with al existing laws, rules and regulations shl be the responsibilty ofthe implementing government corporation Fecommendng Appravar ond of recor, TOCORP AssatanCommasioner Lourdes Casto ‘The Reeder ‘Commision on ust (COA)- Cental rice comiocORP Coauiing. Ouezan CtyAnnex" ‘TRADE AND INVESTMENT DEVELOPMENT CORPORATION OF THE PHLIPPINES (TIDCORP) Allowances/Benefits Amount Remarks Salaries, Permanent P12,358,000 Pegged at 2009 rates Personnel Economic Relief Allowance Uniform/Clothing Allowance Year-end Bonus Cash Gift Representation and Transportation Allowances: Overtime Pay Anniversary Bonus Productivity Incentive Benefits Rice Subsidy Meal Subsidy Children’s Allowance Medicine Allowance Grocery Subsidy ‘Amelioration Allowance Medical/Dental/Optical Allowance Gratuity Pay Birthday Bonus Provident Fund Extraordinary and Miscellaneous Expense Performance Based Incentive Developmental Contribution Bonus Loyalty Incentive Employee Suggestions and Incentive Awards System Life & Retirement Insurance Premium Employees Compensation Insurance Premium Pag-I8IG Contributions PhillHealth Contribution TOTAL 30,000 25,000 1,227,000 25,000 2,222,000, 210,000 } 1,280,000 2,753,000, 36,000 21,000 8,000 150,000, 875,000 41,538,000 1,327,000 184,000 60,000 3,167,000 460,000 900,000 420,000 214,000 300,000 1,483,000 4,000 4,000 3,000 31,344,000 Limited to P12,000 per employee Limited to P5,000 per employee Equivalent to 1 mo. basic salary Limited to P5,000 per employee Based on 2009 rates for 54 positions Chargeable against savings Based on 2009 rates per employes Limited to P1,200/mo. per employee Limited to P700/mo. per employee Based on 2009 actual figures Based on 2009 rate per employee Limited to P50,000 per empioyee Equivalent to 1 mo. basic salary Based on 2009 rate per employee Proposed amount based on 2009 actual number of personnel Based on 2009 rates per employee Pegged at 25% of basic annual salary ‘Transferred to MOOE Based on P5,000/employees as PEL and 5,000 allocated for PBB Limited to P30,000 per employee Chargeable against savings Chargeable against savings; subject to CSC approved PRAISE Rules 12% of basic salary Pegged at P1,200/annum per employee Pegged at P1,200/annum per employee PhilHealth adjusted rates based on 2009 actual number of personnel