With a budget utilization rate (BUR) of 99.93%, the Philippine Carabao Center (PCC) is awarded as the 3rd top performer in terms of obligation among the seven attached agencies of the Department of Agriculture (DA) during the Fourth Quarter Assessment Meeting for Fiscal Year (FY) 2018 Fund Utilization held last February 8 at the Bureau of Soils and Water Management (BSWM) Convention Hall, Diliman, Quezon City.
The financial assessment meeting is held every quarter to evaluate the performance of the DA, its bureaus and attached agencies and corporations, in spending the national budget. This is anchored on the policy “Government Money Unspent is Service Undelivered”. Under Republic Act 10964, also known as the General Appropriations Act FY 2018, PCC received an allotment amounting to Php506,533,000, incurring obligations amounting to Php506,172,000, thus utilizing 99.93% of the given budget.
The performance ranking of the other attached agencies is as follows: 1st: Philippine Council for Agriculture and Fisheries (PCAF) with a BUR of 99.98%, 2nd: Agricultural Credit Policy Council (ACPC) with a BUR of 99.97%, 4th: Philippine Center for Postharvest Development and Mechanization (PHilMech) with a BUR of 99.11%, 5th: National Meat Inspection Service (NMIS) with a BUR of 93.72%, 6th: Bureau of Fisheries and Aquatic Resources (BFAR) with a BUR of 93.49%, 7th: Philippine Fiber Industry Development Authority (PhilFIDA) with a BUR of 91.85%.
The aforementioned award was later presented to the PCC community last February 11 during the weekly Monday meeting. Dr. Caro B. Salces, PCC Deputy Executive Director, recognized the efforts of everyone, especially the Administrative and Financial Management Division (AFMD), for achieving such a feat. He further mentioned that this was a testament to the steadfast commitment of PCC to one of its core values, excellence.