USTP conducts 4th Level Budget Hearing for FY 2025
By Randulf C. Doria, USTP System STRATCOMM
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The University of Science and Technology of Southern Philippines (USTP) successfully conducted its 4th Level Budget Hearing for the Fiscal Year 2025 Program of Receipts and Expenditures (FY 2025 PREs) on September 25, 2024. This activity is a critical part of the University’s annual planning and budgeting process, essential to its broader Strategic Planning framework.
USTP Strategic Plan Vision 2030
The USTP Strategic Plan Vision 2030 highlights a participatory governance approach that aligns financial planning with institutional and national priorities. By integrating the University Program of Receipts and Expenditures (PRES) and the forward-year Budget Proposal for the GAA, the University ensures resources are strategically allocated to drive academic excellence, infrastructure development, and innovation.
The Planning and Budgeting Framework
USTP’s planning and budgeting process is structured to align with national and institutional priorities through a strategic and systematic approach.
Two key budget documents are prepared annually:
- University Program of Receipts and Expenditures (PRES): This document outlines the financial plan for the succeeding year, including projections for tuition fees, appropriations from the General Appropriations Act (GAA), and income-generating projects.
- University Budget Proposal for the GAA: This proposal focuses on the forward year (two years ahead) and is synchronized with the national government’s budgeting cycle to meet documentary requirements.
Preparing the University PRES
The preparation of the PRES begins with finalizing the Activities, Programs, and Initiatives (APIs) and Key Performance Indicators (KPIs) for the succeeding year. Workshops on projected revenues and Mandatory, Routinary, and Committed Expenditures (MRCE) follow, setting budget ceilings and identifying fiscal space for new or expanded initiatives.
Coordination meetings are held between Strategic Development Area (SDA) focal persons and implementing offices to align proposed targets. These meetings allow each office to create its Office Performance and Commitment Review (OPCR), combining planning and budgeting into a unified document. The OPCRs are evaluated during budget hearings conducted across all organizational levels of the USTP System.
Institutional Impact
The 4th Level Budget Hearing for the FY 2025 PREs exemplifies USTP’s dedication to participatory governance and performance-based resource allocation. By integrating planning and budgeting processes and fostering collaboration across its system, the University ensures that its financial resources are strategically allocated to advance its mission and contribute to national development.
The successful conclusion of the hearing marks another step forward in USTP’s commitment to excellence, accountability, and innovation, reinforcing its role as a leading institution in higher education.
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