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REPUBLIC
OF THE PHILIPPINES
LOCAL WATER UTILITIES ADMINISTRATION
MEMORANDUM CIRCULAR No. 003-08
TO
: ALL WATER DISTRICTS
SUBJECT:
CPS-NGAS Modified Chart of Accounts for use of Water
Districts
DATE:
16 June 2008
This has reference to COA Circular No. 2008-001 dated January
29, 2008 prescribing the new Chart of Accounts for use of
all Government Agencies.
LWUA finds selected accounts under the new NGAS Chart of
Accounts complementary with the existing CPS Accounts. Accordingly,
it put together and came up with the CPS-NGAS
Modified Chart of Accounts for use of Water Districts
to facilitate the implementation of a unified accounting
system that conforms to LWUA's regulatory and reportorial
requirements and the New Government Accounting System prescribed
by COA.
Water
Districts are hereby advised to prepare a Journal Voucher
to close the year-to-date balances of its existing accounts
and set up the corresponding balances using the modified
chart of accounts. Further, it is enjoined to continue preparing
and submit the required periodic financial and operations
reports (e.g. Financial Statements, MDS) in a prescribed
format and appropriate account classification.
Please
visit LWUA's website at www.lwua.gov.ph
to view and download the CPS-NGAS Modified Chart of Accounts
for use of Water Districts.
Other issuances inconsistent with this Memorandum Circular
are hereby revoked.
For your information and guidance.
(Signed) ORLANDO C. HONDRADE
Administrator
Download
CPS-NGAS MODIFIED CHART OF ACCOUNTS here
REPUBLIC
OF THE PHILIPPINES
LOCAL WATER UTILITIES ADMINISTRATION
MEMORANDUM
CIRCULAR NO. 004.07
Series of 2007
TO
: All Water Districts
SUBJECT
: Imposition of Realty Tax on WD Real Property under
the Local Government Code of 1991
DATE
: 23 November 2007
In response to the request of several Water Districts for
legal advice regarding the imposition of real property tax
on the real properties owned by the Water Districts, we
cite hereunder the pertinent portion of the Office of the
Government Corporate Counsel (OGCC) Opinion No. 175, series
of 2006, viz:
"x
x x, it is our considered view that a local water district
is exempt only from the payment of real property tax on
its machineries and equipment but is liable for payment
of tax on other real property such as lands, buildings and
improvements thereon in accordance with the Local Government
Code of 1991."
Attached
hereon is the OGCC
Opinion No. 175 series of 2006 for reference.
(Signed) ORLANDO C. HONDRADE
Administrator
REPUBLIC
OF THE PHILIPPINES
LOCAL WATER UTILITIES ADMINISTRATION
MEMORANDUM
CIRCULAR No. 007.05
TO : ALL WATER DISTRICTS
SUBJECT: COMPLIANCE WITH LWUA'S REGULATORY REQUIREMENTS
DATE
: November 18, 2005
COA has denied our request for reconsideration on the exemption
of Water Districts from the coverage of NGAS in their letter
dated September 25, 2005.
LWUA maintains its position as a regulatory office to monitor,
regulate and set operating standards for water districts
operations. Commercial and financial management concerns
were raised with your best interest in mind, to justify
the request for your exemption from the coverage of NGAS.
However, with the denial of our appeal, the issue was rendered
moot and academic.
LWUA does not have the mandate to prevent the implementation
of NGAS in your water district. Nevertheless, we have not
relinquished our regulatory function.
Water
Districts are hereby advised to continue preparing and submit
the CPS-prescribed periodic financial and operations reports
(e.g. Financial Statements, MDS) without prejudice to the
implementation of NGAS in your water district and the subsequent
issuance by COA of the customized financial accounting manual
that shall embody the accounting policies, rules and regulations
relative to the transactions of water districts.
Other issuances inconsistent with this Memorandum Circular
are hereby revoked.
For your information and guidance.
(Signed) LORENZO H. JAMORA
Administrator
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