PFMP presents results of three-year support to Department of Education; turns over Financial Management Manual
06 November 2015
PASIG CITY— The Philippines-Australia Public Financial Management Program (PFMP) recently presented the results of its three year support to the Department of Education (DepED) as a formal conclusion to the project called “Strengthening the Financial Management Systems in DepED.” PFMP Team Leader and Department of Foreign Affairs and Trade (DFAT) Counsellor Daniel Featherston led the presentation, with DepED Secretary Br. Armin A. Luistro in attendance.
Started in 2012, the DepED component of the PFMP is a critical activity for taking Public Financial Management (PFM) Reform activities out to the spending agencies. DepED was chosen as a priority because it is the largest agency representing more than 25 percent of the budget allocation for all spending agencies combined.
The project, which spanned three phases, aimed to support the Department in the procurement and implementation of a DepED-specific Integrated Financial Management Information System (IFMIS), prior to the Department of Budget and Management’s (DBM) conceptual design for a government-wide financial system, the GIFMIS (Government Integrated Financial Management Information System).
The Department expressed its gratitude to PFMP and DFAT for their support, and recognized the work done over the last three phases. “We know that DFAT is now exposed to the limitations of a bureaucracy and other challenges outside of our control, but now, we are making the first of many steps towards a long journey to put the policies in place to make DepED more efficient,” Sec. Luistro said.
Phase I of the project was completed in June 2012, and led to a functional review of DepED and the conceptualization of the agency’s FMIS Strategic Design. Phase II commenced in May 2013 and ran through to May 2014. This phase was marked by the following outputs: training of some 4,800 financial officers in the Central Office (CO) and Regional Offices (ROs); reconciliation of DepEd’s nearly 8,000 bank accounts; GIFMIS mapping and preparation of a change management plan; and delivery of an ICT Asset Inventory.
Phase III, which commenced in July 2014 and ended on September 2015, was originally focused on assisting DepED in the implementation of GIFMIS. When GIFMIS did not proceed as planned, various options were analysed with a view to designing PFM support activities in an environment without the GIFMIS. One of the outputs of Phase III included the development of a Financial Management Manual (FMM).
Formal hand over of Financial Management Manual
PFMP developed the Financial Management Manual as a guide to strengthen financial management transparency and accountability throughout DepED. It outlines the systems and processes of the Department, clearly identifying internal controls and other financial management practices to be applied throughout DepED, thereby ensuring the integrity and completeness of financial data and information provided to stakeholders.
Some 300 copies of the manual will be distributed at the Central Office and the various Regional Offices around the country. On hand to receive the manuals aside from Sec. Luistro were DepED Undersecretary for Finance and Administration Reynaldo Laguda and OIC-Assistant Secretary for Finance and Administration Armando Ruiz.