SUBIC BAY

METROPOLITAN AUTHORITY

Departments >Financial Accounting Department

Rm. 214, Bldg. 229, Waterfront Road, Subic Bay Freeport Zone

Tel. No.:	(63-47) 252.7262 local 4419 / 4045/ 4039/ 4364/ 4018/ 4443/ 4606/ 4017
Email:	accounting@sbma.com

Genie Rose V. Vicente

Department Manager III

About Us

The Financial Accounting Department (FAD) generates relevant, timely and reliable Financial Reports in accordance with the Philippine Public Sector Accounting Standards (PPSAS) and the International Public Sector Accounting Standards (IPSAS) for the Stakeholders such as the Management, Investors, Creditors, and other National Government Agencies. The FAD ensures propriety and timely processing of payments to Suppliers’ and Contractors’ claims, Employees’ compensation and benefits and other monetary claims to SBMA.

VISION

To have an advanced financial management system defined by fiscal responsibility, technological innovation, and uncompromised reliability and transparency, ensuring every public resource is maximized to benefit the people.

MISSION

To deliver excellent service to the FAD’s internal and external Stakeholders by providing relevant, timely and reliable Financial Reports and ensuring propriety and timely processing of payments of all monetary claims to SBMA.

CORE VALUES

The FAD pillars include

Accountability : Public servants are responsible for public resources

Transparency : Information on financial transactions are readily available

Compliance : Adherence to relevant laws, regulations, and budgetary limits

Stewardship : Protecting and efficient use of public funds

DIVISIONS

General Accounting Division

Andro B. Danan

Chief Accountant

Tel. No.: (6347) 250.7262 local 4039 / 4364

Email: abdanan@sbma.com / general.accounting@sbma.com
- Summarizes all accounting transactions and records in the SBMA Books of Accounts (Journal of Accounts Receivable, Journal of Accounts Payable and Journal of General Ledgers).
- Prepares monthly Financial Statements and related Reports for submission to Commission on Audit (COA), Department of Finance (DOF), Bureau of Internal Revenue (BIR) and other Government Agencies.
- Prepares Bank Reconciliation Statement.
- Processes payment of fully documented billings and claims from various Stakeholders and Contractors of infrastructure projects.
- Computes, processes and files tax dues to the BIR including Income Tax and Value Added Tax.
- Processes payment of foreign and domestic loans.
- Maintains and updates the agency's fixed and movable asset record

Payable Division

Rolando C. Gueco

Chief Administrative Officer

Tel. No.: (6347) 250.7262 local 4018 / 4443

Email: accountspayable@sbma.com

Processes payment of fully documented billings and claims from various Stakeholders and Suppliers of goods and services.
Processes payment of employees’ cash advance for local travel, and initiates action for its liquidation.
Ensures that all applicable taxes withheld from concerned payees are filed and processed for remittance to the BIR.
Records all accrued expenses and corresponding payments /disbursements made by the Collection and Disbursement Department in the Journal of Accounts Payable.

Cost Accounting Division

Laarni L. Noceda

Chief Administrative Officer

Tel. No.: (6347) 250.7262 local 4017 / 4606

Email: llnoceda@sbma.com

Processes payment of compensation of Plantilla, Contract of Service and Job Order employees.
Processes remittance of all corresponding statutory deductions to GSIS, PHIC, HDMF and BIR.
Processes payments of monetization of leave credits, initial pay, terminal pay and final pay.
Processes payment of consultancy fees, agency’s insurance expenses and employee's cash advance for foreign travel, and initiates action for its liquidation.
Maintains and updates the agency's Inventory records.