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The Integrated Natural Resources and Environmental Management Project (INREMP) conducted the Financial and Procurement Orientation Workshop last July 22-24, 2014, Holiday Inn, Clark, Pampanga.

The workshop was organized by the National Project Coordinating Office (NPCO), in coordination with the Foreign Assisted and Special Projects Services (FASPS). The main goal of the workshop was to familiarize and re-orient NPCO Focal Persons and regional and provincial partners on the salient features of the Loan and Grant Agreements and the Project Administration Manual, specifically, on financial management. The emphasis was to properly match project expenses to appropriate cost categories.

Mr. Israel Helios S. Inocencio, Head of the Foreign Assisted and Special Projects Services Procurement Unit
discusses the Asian Development Bank Procurement Guideline and Procedures.

      The specific objectives of the workshop were the following:

  • educate and orient participants on the financial and procurement management processes following ADB guideline and procedures;
  • familiarize participants and procurement officers with the harmonized procurement guidelines involving foreign assisted projects;
  • create a deeper appreciation and understanding of the financial management policies and procedures, e.g. eligible expenditures, loan categories, and reimbursement and retroactive financing reporting requirements;
  • coach and train focal persons, planning officers, finance officers and finance specialists in the proper categorization of costs, preparation of Statement of Expenditures (SOEs), Account Reconciliation, and periodic physical progress reports with financial accomplishments; and
  • identify gaps, bottlenecks and implementation issues that may be encountered and agree on recommendations and strategies to address the issues.

     The workshop was attended by representatives from the DENR Central Office and other DENR offices, namely: FASPS, FMB, CAR, Region 7,Region 10, and NPCO. Others who graced the occasion were Dr. Sofio Quintana, Regional Technical Director for Forestry, Region 3; Director Edwin Domingo, FASPS; OIC-Director Adeluisa Siapno, Internal Audit Service; OIC-Director Angelito Fontanilla, Financial and Management Services; and OIC-Director Mayumi Quintos-Natividad, Forest Management Bureau.