BUDGETARY ALLOTMENT FOR ISU FOR 2014
For 2014, the University received a total subsidy from the national government in the amount of P591,749,000.00 broken down as follows:
PS ---------- P437,649,000.00
MOOE ---------- 113,042,000.00
CO ---------- 41,058,000.00
Total --------- P 591,749,000.00
The total obligations incurred from January 1 to June 30, 2014 is P269,020,492.83 which covers expenses paid for salaries and for maintenance and other operating expenditures.
There were no obligations incurred yet for capital outlay since the appropriation was received only in June 2014.
For income derived from tuition fees and other school fees, the University has already generated a total revenue of P98,364,949.07, of which 34 percent or P33,812,468.52 has been disbursed covering the period January to June 2014. Most of the amount disbursed was used to augment the regular allotment under GAS, STO and operations. Although the amount for MOOE under GF increased, this is attributed to the inclusion of scholarship expenses for the expanded SGPPA amounting to P39,875,000.00 which will be exclusively used for scholars identified by the Department of Social Works and Development.