5.3 However, when COA Circular No. 2015-009 dated December 1, 2015, which
prescribes the Revised Chart of Accounts for recording and reporting the financial
transactions of LGUs, took effect, changes were made to the relevant accounts to be
used. Annex B of the Circular includes the account descriptions and instructions,
which partly provides:
Account Title Welfare Goods Expenses
Account Number 5-02-03-060
Normal Balance Debit
Description This account is used to record the cost of goods issued/distributed
to people affected by calamities/disasters/ground conflicts such as
canned goods, blankets, mats, kitchen utensils, flashlights and other
similar items. This also includes the cost of food served to people
affected by calamities/disasters/ground conflicts.
Account Title Transfers of Unspent Current Year DRRM Funds to the Trust
Account Number Funds
Normal Balance 5-02-15-010
Debit
Description
This account is used to record the current year unspent disaster
risk reduction and management funds to the Trust Fund.
Account Title Trust Liabilities – Disaster Risk Reduction and Management Fund
Account Number 2-04-01-020
Normal Balance Credit
Description This account is used to record the receipt of amount held in trust
for disaster risk reduction and management fund. Debit this
account for settlement or compliance of the condition.
Subsidiary ledgers shall be maintained based on source. Unspent
DRRM funds of LGUs from current year appropriations shall
likewise maintain subsidiary ledger by year.
Account Title Subsidy from Other Funds
Account Number 4-03-01-040
Normal Balance Credit
Description This account is used to record the financial assistance received by
one fund from another fund maintained by the same government
agency as expressly authorized by law.
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