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SUBJECT: FISCAL AUTONOMY FUND/ACCOUNT Joint Resolution No. 1 of the Constitutional Fiscal Autonomy Group [CFAG] composed of the Supreme Court, the Commission on Elections, the Civil Service Commission, the Commission on Audit, the Commission on Human Rights and the Office of the Ombudsman, provides, in part, that the unexpended year-end balances of the approved appropriations already released to the said Constitutional Offices shall remain valid appropriation and shall continue to be available for expenditures until fully spent. Furthermore, each head of the said offices is authorized to use savings for the incurrence of such obligations as may be approved by him to strengthen the office and enhance its operations and services as well as any other expenditures or purpose authorized. [2] The savings in released allotment shall be treated as Continuing Appropriations. [3] The balance of the Notice of Cash Allocation shall be deposited with the servicing bank in a separate account in the name of the agency. A check shall be issued for the purpose. [4] Utilization of the savings thus transferred to Continuing Appropriation shall be based on the Expenditure Program submitted by the Finance Service and approved by the agency head/collegial body. Promulgated this 1st day of June, 1999.
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