MOOE FROM 15K TO 50K CAN NOW BE USED FOR ANY SUPPLY


 

The Maintenance and Other Operating Expenses (MOOE) budget can now be used to buy for any supply/item not exceeding Php50,000.

dir="auto">The Commission on Audit has issued the corresponding guideline for the Increase in Capitalization Threshold for semi-expendable property from Php15,000 to Php50,000.

Tangible items which meet the definition and recognition criteria of PPE but cost is below 50k shall be accounted in the books of accounts of the agencies as semi expendable property. This shall be supported by the issuance of Inventory Custodian Slip (ICS) to establish accountability of the end-user. ICS shall be issued to the end-user and shall be renewed every three years or every time there is a change in custodianship/user of the property.

The increase in the capitalization threshold from 15k to 50k shall be considered as a change in accounting policy and shall be applied retrospectively. It means that the new capitalization threshold of 50k shall be applied for all tangible items purchased in calendar year 2022 onwards and in the prior years.



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