About Cashier and Disbursing Office: The University’s Financial Heartbeat
The Cashier and Disbursing Office (CDO) serves as the central hub for all financial activities at the university. Imagine it as the heart of the university’s financial system, ensuring everything runs smoothly by meticulously managing the flow of funds. The team is committed to efficient and transparent financial management, which directly contributes to the university’s ability to deliver a high-quality education.
Ensuring Every Peso is accounted for
The CDO’s primary functions is collecting revenue. It acts as the official depository for all university funds, receiving payments from students, parents, staff and external patrons. This includes a wide range of fees, such as tuition fee, laboratory fee, miscellaneous fees and payments for various campus services. The team takes pride in providing exceptional service while safeguarding every payment and ensuring it’s accurately applied to the appropriate student or departmental account. For your peace of mind, the CDO always issues official receipts for all transactions.
Streamlining University Expenses
The CDO doesn’t just collect funds; we also ensure their efficient disbursement. It handles a multitude of university expenses, big and small. This includes processing payroll for faculty and staff (permanent, part-time, and contractual), paying for essential supplies and equipment, keeping the lights on and internet flowing (utility payments), and fulfilling financial obligations such as government remittances and scholarship grants. Additionally, the office manage funding allocated for various university projects and activities.
Transparency through Financial Reporting
Maintaining accurate and detailed financial records is paramount for the university’s financial health. The CDO takes the lead in generating comprehensive reports that provide a clear picture of the university’s income and expenditures. These reports serve as a vital tools for effective budget management and future financial planning at the campus level. The office adheres to strict Commission on Audit (COA) regulations and submit monthly reports, including those on collections, deposits, cash receipts, checks issued and cash disbursements.
Safeguarding University Funds
The security of university funds is a top priority for the CDO. It implements robust cash handling procedures and maintain strict compliance with COA regulations to ensure the safekeeping of all financial resources entrusted to them. This unwavering commitment builds trust and allows the university to focus on its core mission of providing a quality education.
A Team of Financial Experts
The CDO is comprised of a highly competent team of professionals with extensive knowledge in accounting, finance, and cash handling. Their expertise and dedication are instrumental in ensuring the smooth operation of the university’s financial system. By efficiently managing university finances, the CDO plays a vital role in supporting the university’s pursuit of academic excellence.
