CHAPTER 3 UACS

UACS govt wide coding framework to provide

a harmonized budgetary, treasury and
accounting code classification that will facilitate
efficient and accurate financial reporting of
actual revenue collections and expenditures
compared with programmed revenues, and
expenditures, starting FY 2014.

OBJECTIVE: establish accounts and

codes needed in financial reporting
transactions of the NGAs, and therefore
will be used by all dept and agencies of
NG and GOCCs with Budgetary Support
from NG, including those maintaining
Special accounts in the General Fund.
Provides
framework
for
(IAR)
identifying, aggregating and reporting
financial
transactions
in
budget
preparation, execution, accounting and
auditing.
KEY PURPOSE: ENABLE TIMELY AND
ACCURATE REPORTING OF ACTUAL
REVENUE
COLLECTIONS
AND
EXPENDITURES AGAINST BUDGETED
PROGRAMMED
REVENUES
AND
EXPENDITURES
Composed of 5 key elements, one is
Object Codes used to reflect A, L, E, I
and E following the revised chart of
accounts of the natl govt agencies and
LGUs.
Reporting requirements that will be best
served by UACS are:
o Financial reports as required by
DBM and COA
o FS required by the PSASB of
Phils
o Management reports as reqd by
executive
officials/heads
of
departments and agencies
o Economic statistics consistent
with the GFS Manual 2001

Revised Chart of Accounts used to describe

all the accounts and the instructions as to when
these are to be debited and credited are

provided to achieve uniformity in the recording of

government financial transactions
Reporting Requirements that will be best
served by UACS include:

Financial reports as required by DBM

and COA
FS as required by PSASB
Management reports as reqd by the
executive officials/heads of departments
and agencies
Economic statistics consistent with the
Govt Finance Statistics Manual 2001

ELEMENTS OF UACS
1. Funding Source Codes 6 digit
financing source, authorization and fund
category
a. Financing Source Code
i. General Funds available for
any purpose that Congress may
choose to apply, and composed
of all receipts/revenues that do
not otherwise accrue to other
funds
ii. Off Budgetary Funds funds
not part of NEP and which are
authorized for depositing in govt
financial institutions (Retained
Income/Receipt and Revolving
Funds)
iii. Custodial Funds- fulfill specific
purpose;
include
receipts
collected as agent for another
entity; trust receipts
b.

Authorization Code
i. New General Appropriations
annual
authorizations
for
incurring obligations, PS, MOOE,
FinEX, CO
ii. Continuing Appropriations
support obligations for a specified
purpose or budget beyond budget
year (MOOE, CO)
iii. Supplemental Appropriations
additional
appropriations
to
augment original appropriations

iv.

v.
vi.

vii.

viii.

that are insufficient for intended

purpose
Automatic Appropriations
prescribed by law, by virtue of
standing legislation, which do not
require
periodic
action
by
Congress (automatic NEP)
Unprogrammed
Funds

standby appropriations
Retained Income/Funds used
directly by agencies for their
operation or other specific
purposes (State Universities and
College; DOH)
Revolving
Funds

from
business
type
activities;
deposited in an authorized
government depository bank; self
liquidating
Trust Receipts in possession
of government agencies or a

public officer as trustee, agent or

admin
c. Fund Category Code
i. Specific Budget of NGA
appropriated
for
specific
department/agency
ii. GoP Counterpart Funds and
Loans/Grants
from
Development
Partners

multilateral/bilateral assistance
iii. Allocation to LGU ( ALGU)
share of LGU from revenue of
National Government
iv. Budgetary
Support
to
Government Corporations
subsidies for operations, projects,
equity contributions and net
lending and/or advances to
GOCC for loan repayments