This document outlines the procedures for disposing of government property. It discusses when property may be disposed of, such as when it is unserviceable, obsolete, or in excess. It describes the modes of disposal as destruction or sale of unserviceable property. It provides details on the determination of disposable property, the creation of disposal committees, and the required documents and inspection process to dispose of unserviceable property according to relevant laws and guidelines.
COA Resolution # 2021-010 Dtd. May 18, 2021 Updated Guidelines On The Appraisal, Disposal and Derecognition of Obsolete, Damaged and Junk Inventories and Unserviceable Property
This document outlines the procedures for disposing of government property. It discusses when property may be disposed of, such as when it is unserviceable, obsolete, or in excess. It describes the modes of disposal as destruction or sale of unserviceable property. It provides details on the determination of disposable property, the creation of disposal committees, and the required documents and inspection process to dispose of unserviceable property according to relevant laws and guidelines.
This document outlines the procedures for disposing of government property. It discusses when property may be disposed of, such as when it is unserviceable, obsolete, or in excess. It describes the modes of disposal as destruction or sale of unserviceable property. It provides details on the determination of disposable property, the creation of disposal committees, and the required documents and inspection process to dispose of unserviceable property according to relevant laws and guidelines.
This document outlines the procedures for disposing of government property. It discusses when property may be disposed of, such as when it is unserviceable, obsolete, or in excess. It describes the modes of disposal as destruction or sale of unserviceable property. It provides details on the determination of disposable property, the creation of disposal committees, and the required documents and inspection process to dispose of unserviceable property according to relevant laws and guidelines.
participants should be able to: * Identify situations when property may be disposed off; • Name the modes of disposal; and • Tell the procedures in disposal. Disposal Objectives
• to avoid continuing carrying/
inventory costs • to prevent further deterioration thereby obtaining the fair return in case of sale • to relieve accountable officers of unnecessary accountability • to make available space for the agency DISPOSAL / DISPOSITION
• - the end of the life cycle of a government
property
Destruction or Sale of Unserviceable
Property Sec. 79 of PD 1445 • has become unserviceable for any cause • is no longer needed DISPOSAL / DISPOSITION
• Property/Assets Subject to Disposal
• 1. Unserviceable property • 2. Confiscated/seized property • 3. Property under distraint/ levy/garnishment • 4. Unclaimed motor vehicles • 5. Real property • 6. Valueless records/documents Determination of Disposable Property • Can no longer be repaired or reconditioned • Maintenance/repair costs more than outweighs the benefits and services • Has become obsolete or outmoded • Has been rendered unnecessary due to change in the Agency’s functions/mandate • In excess of requirements • Has become dangerous or hazardous to use Determination of Disposable Property • Guidelines on the Divestment or Disposal of Assets (COA Circular 86-264) 1. Constitute the Disposal Committee - require the submission the list of assets to be disposed of: program for disposal, IIR/RWM, appraisal documents, disposal procedures to be adopted - inspect assets -establish the floor price 2. 2.Furnish the COA Auditor at least five days before the scheduled bidding with a copy of program for disposal, IIRUP/WMR, appraisal documents & disposal procedures Creation of Disposal Committees and Secretariat (EO 309) For National and Corporate Agencies • • Head of Administrative Unit; • • Head of Property Unit disposal procedures to be adopted - inspect assets -establish the floor price 2. 2.Furnish the COA Auditor at least five days before the scheduled bidding with a copy of program for disposal, IIRUP/WMR, appraisal documents & disposal procedures Creation of Disposal Committees in the SCHOOL and DISTRICT
• • at least 3 members
1 chairman and 2 members
• Submission of Documents Pertaining to Disposal of Unserviceable Property
• • Inventory and Inspection of Unserviceable
Property • • Waste Material Report • • Property Transfer Report • Inspection of the Property to be Disposed • • Aimed at obtaining a first hand observation of the physical and operational condition of the property and the marketability • • Inspection may be done separately by each member of the Disposal Committee or as a group 4. Appraisal 5. Setting of Minimum Value 6. Sale of Property • • Destruction or sale of unserviceable property • • If found to be valuable it may be sold at pubic auction to the highest bidder • • Advertise for not less than three consecutive days in any newspaper of general circulation • Submission of Documents Pertaining to Disposal of Unserviceable Property
• • Inventory and Inspection of Unserviceable
Property • • Waste Material Report • • Property Transfer Report
COA Resolution # 2021-010 Dtd. May 18, 2021 Updated Guidelines On The Appraisal, Disposal and Derecognition of Obsolete, Damaged and Junk Inventories and Unserviceable Property