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    TC No. 1 2022 With Revised Attachment

    Uploaded by

    Maidy
    This document outlines guidelines for fidelity bonding applications and payments in the Philippines. It details the responsibilities of various parties in the bonding process, including the Bureau of the Treasury (BTr), authorized government servicing banks (AGSBs), and transacting agencies. It provides details on requirements for submitting continuity letters (CLs) and applying for appeal fees. Attachment 2 includes a template for a list of bonded accountable public officers. Attachment 3 provides sample computations for determining bond premium amounts based on an officer's accountability for cash, supplies, equipment, and other properties.

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    TC No. 1 2022 With Revised Attachment

    Uploaded by

    Maidy
    106 views15 pages
    This document outlines guidelines for fidelity bonding applications and payments in the Philippines. It details the responsibilities of various parties in the bonding process, including the Bureau of the Treasury (BTr), authorized government servicing banks (AGSBs), and transacting agencies. It provides details on requirements for submitting continuity letters (CLs) and applying for appeal fees. Attachment 2 includes a template for a list of bonded accountable public officers. Attachment 3 provides sample computations for determining bond premium amounts based on an officer's accountability for cash, supplies, equipment, and other properties.

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    This document outlines guidelines for fidelity bonding applications and payments in the Philippines. It details the responsibilities of various parties in the bonding process, including the Bureau of the Treasury (BTr), authorized government servicing banks (AGSBs), and transacting agencies. It provides details on requirements for submitting continuity letters (CLs) and applying for appeal fees. Attachment 2 includes a template for a list of bonded accountable public officers. Attachment 3 provides sample computations for determining bond premium amounts based on an officer's accountability for cash, supplies, equipment, and other properties.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    106 views15 pages

    TC No. 1 2022 With Revised Attachment

    Uploaded by

    Maidy
    This document outlines guidelines for fidelity bonding applications and payments in the Philippines. It details the responsibilities of various parties in the bonding process, including the Bureau of the Treasury (BTr), authorized government servicing banks (AGSBs), and transacting agencies. It provides details on requirements for submitting continuity letters (CLs) and applying for appeal fees. Attachment 2 includes a template for a list of bonded accountable public officers. Attachment 3 provides sample computations for determining bond premium amounts based on an officer's accountability for cash, supplies, equipment, and other properties.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 15

    cases, the BTr shaii announce a business continuity measure inciuding

    manual processing of fidelity bonding applications.

    4.3 Responsibility of Authorized Government Servicing Banks


    (AGSBs)

    4.3.1 The AGSBs shall require the transacting agency to submit the CL
    as part of the exercise of due diiigence and to prevent the
    unauthorized disbursement of government funds.

    4.3.2 The AGSBs shall require the presentation of ATAP for payment of
    bond premium.

    4.4 Payment of Appeal Fee. In cases of appeal, an appellant or a party with


    interest to the Fideiity Bonding appiication shaii accompiish the Appeai
    Fee payment form and pay the amount of One Thousand Pesos
    (Php1 ,000.00) to be deposited/credited to the account of the Treasurer
    of the Philippines with the following details:

    I Account Name
    l\rrn■ ,n+ 1\1, ■mbor
    I ""'"""'""'''111, ,,....,.,,, "'
    I BTr Regular Fund
    �A('\') ")QAA ")('\
    I v-rv,-,v-r-r-,v

    For the Appeal Fee payment form see Attachment 4.

    5.0 REPEALING CLAUSE

    All Circulars, Orders and/or Memoranda inconsistent herewith are hereby


    iepealed and/oi modified accOidlngly.

    6.0 EFFECTIVITY

    This Circular shall take effect immediately.

    ROSALiA V. DE LEON
    Treasurer of the Philippines
    Attachment 2
    (AGENCY LETTERHEAD)
    Form 4: Annex E

    LIST OF BONDED ACCOUNTABLE PUBLIC OFFICER/S

    PREVIOUS YEAR'S DATA REMARKS


    TYPE OF DESIGNATION AMOUNT
    (e.g. Disbursing/ EFFECTIVITY DATE BOND IF FOUND GUILTY, WHAT IS
    NAME OF PUBLIC OFFICER APPLICATION RISK NO. WITH PENDING
    Collecting/Signing COVERAGE THE STATUS OF THE
    From To ADMINISTRATIVE AND/OR
    Officer) ACCOUNTABILITY BOND PREMIUM IMPLEMENTATION OF
    CRIMINAL CASE (Yes or No)
    ( For Renewal) PENALTY?

    Prepared by: Reviewed by: Certified and Approved by:

    Signature over printed name Signature over printed name Signature over printed name
    Position Position Designation of Authorized Official

    Date:
    Attachment 3
    Sample Computation - Bond Premium
    • For NGAs and GOCCs:
    Example 1: Cash Accountability (Disbursing, Collecting and Signing Officer)
    A Public Officer was designated as Special Disbursing Officer with authority to hold cash advance in the total amount
    of P750,000.00 to defray expenses from June 2021 to May 2022.
    Amount of Accountability : P 750,000.00
    Amount of Bond : P 350,250.00*
    Bond Premium ( P 350,250.00 x 1.5%) : P 5.253.75

    Example 2: Property Accountability (Property, Supplies Custodian)


    In line with the Policy Guidelines on Procurement, Property and Inventory Management, a Public Officer was
    designated as property officer effective January 24,2022. As such, she shall be in charge of the overall accounting,
    Safekeeping and maintenance of the properties of the company. With accountability as follows:
    Supplies and Materials : P 750,000.00
    Equipment : P 5,000,000.00
    Amount of Bond
    Supplies and Materials (750,000.00 X 50%) = P 375,000.00
    Equipment (5,000,000.00 X 30%) = 1,500,000.00
    Total P 1,875,000.00
    Bond Premium (P 1,a?s,000.00 x 1.5%) = ===P===2-a-,1-25�.o�o

    Example 3 : Cash Accountability and Property Accountability


    A Public Officer was designated as Collecting Officer and Property Custodian. With Accountability as follows:
    Cash Accountability : P 500,000,000.00

    ' ' . J-
    Supplies and Materials 2 400 000 00 (If total accountability exceeds the maximum amount of bond, the Head of
    Agency may assign to other accountable officers the excess accountability
    Equipment 10,000,000.00 for which a separate Fidelity Bond shall be secured. Otherwise, the said
    excess accountability will not be covered.)
    Amount of Bond
    Cash Accountability p 8,000,000.00*
    Supplies and materials (2,400,000.00 X 50%) = 1,200,000.00
    Equipment (6,000 000.00 X 30%) = 1,800,000.00
    Total p 11,000,000.00
    Bond Premium (p 11,000,000.00 X 1.5%) = p 165.000.00

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