DGP_Session 1 (True or False)

1. 1. In the preparation of the Revised Manual on the Disposal of Government Property per Joint Circular No. 2024-1 dated January 30, 2024 the DBM took into consideration the then existing laws and policies governing disposal, the guidelines issued by the defunct SCO, and the pertinent rules and regulations issued by the COA. Relatedly, said Manual also considered the results of the observations of the then Systems and Procedures Bureau of the DBM and the exposure of the DBM Regional Offices to disposal activities.

• TRUE

• FALSE

1. 2. The Revised Manual on the Disposal of Government Property shall apply to all departments and agencies under the Executive Branch, including their regional and field offices, SUCs, GCs and their subsidiaries, LWDs, Office of the Ombudsman and LGUs.

• TRUE

• FALSE

1. 3. The core members of the Disposal committee are the Chairperson and three members.

• TRUE

• FALSE

1. 4. The proper disposal of government properties is an equally important part of the asset lifecycle. The Philippine Government Asset Management Policy, in accordance with EO No. 292 dated 25 July 1987, stipulates that all resources of the government shall be managed, expended, or utilized in accordance with laws, rules and regulations, and shall be safeguarded against loss or wastage through illegal or improper disposition to ensure efficiency, economy, and effectiveness in the operations of the government.

• TRUE

• FALSE

1. 5. Salvage Value is equivalent to ten percent (10%) of the acquisition cost of the properties.

• TRUE

• FALSE

1. 6. Residual Value is equivalent to at least ten (10%) of the cost of an asset that the entity would currently obtain from the disposal of the asset, after deducting the estimated cost of disposal, if the asset was already of age and in the condition expected at the end of its useful life, unless a more appropriate percentage is determined by the government entity concerned based on its operations.

• TRUE

• FALSE

1. 7. The provisions of NBC No. 425 and existing guidelines, rules, and regulations issued by the COA and the DBM that are inconsistent with the Joint Circular No. 2024-1 dated January 30, 2024 JC and the revised Manual on the Disposal Government Properties were amended, modified, and/or repealed accordingly.

• TRUE

• FALSE

8. 8. Disposal proceedings shall be immediately initiated to avoid further deterioration of the properties and consequent depreciation of their value. A systematic and timely disposal will yield benefits in terms of, among others, possibility of alternative use, higher appraised value, and enabling storage areas available for other purposes.

• TRUE

• FALSE

9. 9. In the adjustment of appraised value when auction bids are low the following rule shall be observed: If the highest auction falls below the floor price, the agency shall determine whether or not the difference is excessive. The amount of deviation of the highest auction from the floor price is considered excessive when it is greater than 10% of the floor price plus the cost of calling another public auction.

• TRUE

• FALSE

9. 10. All requirements, including the auction bond, shall be submitted on the set deadline. The auction bond shall accompany the auction tender equivalent to at least 5% of the minimum auction price set by the government.

• TRUE

• FALSE