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𝗖𝗢𝗟𝗟𝗘𝗚𝗘 𝗡𝗘𝗪𝗦 | FinCom reviews financial status, inventory process; Gatchula presents the system
Date Posted: Mar. 30, 2026
Limay Polytechnic College's Financial Management Committee, led by Mr. Ariel Vibar, director of Finance and Administration, was called for a meeting at the Office of the College President on Wednesday, to discuss and review the current financial status, including generated funds, general and trust funds, and grants, expenditures, and priority purchases based on established assessed need, March 25.
As such, to sustain institutional operational quality, some cost-cutting and resource- and energy-saving mechanisms were introduced, while prioritization measures, cost-benefit analysis, return-on-investment principles, project and program review, and an efficient inventory system will be in place.
As such, Ms. Cheyser Charrese Gatchula, DITE head, shared her developed inventory management system to help streamline the inventory process in an efficient, convenient, and easy manner.
She also introduced the quick-fixed training design system, an automated, fast system for preparing training designs for online submission before printing, to reduce the waste of resource supplies.
President Dr. Elmer De Leon urged everyone to participate in the energy-saving, efficient expenditure mechanism and to care for the school's resources.
Supply requisitions and purchases need to be analyzed thoroughly to ensure they deliver benefits over costs and support wise budget utilization.
He also mentioned the impact of regular monitoring of such processes and systems, and providing incentives and recognition to exemplary implementers as part of the Quality Awards.
In addition, the MIS and ITE departments should develop auto
mated systems to efficiently accomplish tasks with minimal resource consumption, thereby saving effort, time, and energy and boosting productivity.
Mr. Vibar promised to have his budget computation to ensure the accuracy of financial distribution, allocation, management, and utilization.
Dr. De Leon also ensured tapping more funding sources, but this requires maintaining quality standards and a strong institutional brand.
Another meeting was scheduled to follow up on the institutional financial analysis and fund allocation details.
Written policies and processes for requisition, disbursement, and liquidation are expected to be presented at the next meeting for review before resolution and approval by the Academic Council. #
#SDG4QualityEducation
