Memorandum Circulars to Water Districts

 

 


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

© 2007 Local Water Utilities Administration, MWSS-LWUA Complex, Katipunan Road, Balara, Quezon City, Philippines
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