HFTSK Session 1 (Exercise1)

A financial plan embodying the estimate of receipts and payments

for one fiscal year operation of the SK, approved through a Resolution

before the start of the succeeding fiscal year.

Constitute all cash paid out during a given period or the settlement of government payables in cash or by check.

Consists of Annual and Supplemental Budgets based on SK

Resolution.

The amount committed to be paid by SK for any lawful

payments to be made by the accountable officer for and in behalf of the SK officer.

Items to be used in operation, or consumed or distributed

in the rendering of services.