Tarlac State University received two awards from the Government Financial Management Innovators Circle, Inc. for its effective use of the enhanced electronic New Government Accounting System (eNGAS) during the recently concluded 2024 GFMIC Membership Conference on November 21, 2024 at the Crown Legacy Hotel, Baguio City.
TSU was presented with the Outstanding eNGAS User Entity Award for its "remarkable use of enhanced eNGAS, which facilitated the timely submission of calendar year 2023 year-end financial statements and reports, free of material errors on or before the due date prescribed by the Commission on Audit."
Furthermore, the university received the eNGAS Inclusiveness Award (formerly Gallantry Award) for its "bravery and firm resolve in implementing the enhanced eNGAS in its campuses with or without the assistance of COA," as stated in the plaque.
The eNGAS is an accounting software developed by the COA to generate financial reports consistent with the International Public Sector Accounting Standards.
The recognitions are based on the university's accomplishments and contributions using the eNGAS from June 1, 2023 to May 31, 2024.
TSU President Dr. Arnold E. Velasco, Vice President for Administration Atty. Wilmark J. Ramos, and former Vice President for Administration Dr. Grace N. Rosete received the awards on behalf of the university.
This is the second time the university's Finance Office, including the Accounting Unit, was awarded this year, following its recognition from the Association of Government Accountants of the Philippines, Inc. last October 9.
According to Accounting Unit Head Mr. Ryan R. Ronquillo, using the eNGAS enabled the university to increase its overall accounting management efficiency and streamline accounting processes.
"Also, the eNGAS helps us deliver timely financial reports consistent with the International Public Sector Accounting Standards, which serve as the basis for decision-making by management and various stakeholders. We may quickly and simply generate trial balances and financial statements with a single click," Mr. Ronquillo added.
Finance Director Mr. John Erwin C. Panlilio added that TSU's accomplishment of 13 consecutive years (2011–2023) of an unmodified (unqualified) opinion from COA, indicating the university's financial statements are presented fairly in all material respects and in accordance with the financial reporting framework, is also attributed to eNGAS. (jlmm-OPA)
Photo credits: Mr. Ryan R. Ronquillo
