SUBIC BAY

METROPOLITAN AUTHORITY

Departments > Treasury Department

Bldg. 229, Waterfront Road, Central Business District, Subic Bay Freeport Zone

Tel. No.:	+6347.252.4050 / 4051
Fax No.:	+6347.252.4051

Neriza M. Andrada

Acting Department Manager

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FREQUENTLY ASKED QUESTIONS

FORMS

ADVISORY

Temporary implementation of reduced cashiering operation at Building 229 and Temporary suspension of cashier assignment at Building 657

To our valued customers:

Please be advised of the new schedule for the acceptance of payment at Building 229 Cashier's Office:

   Monday to Friday - 8:00 AM to 7:00 PM

   Saturday - 8:00 AM to 4:00 PM

   Sunday - CLOSED

Grateful for your continued support and cooperation.

About Us

The Treasury Department is tasked with overseeing the Financial Management Division, Investment Management Division, and Credit & Collection Division in ensuring the liquidity position and availability of cash to fund SBMA’s operations, in formulating procedures for financial controls, in evaluating effectiveness, implementing, and recommending improvements.

VISION

The Treasury Department shall be world-class in the delivery of sophisticated, fully automated and web-based treasury services and shall be at par with global players in the collection and monitoring of receivables and other fees and in the management and control of funds.

Our Functions

Reviews the Cashier’s collection and deposit transactions and ensures their correctness and accuracy;
Summarizes collections of Cashiers and prepares a report on daily collections;
Implements cash management and control procedures;
Ensures liquidity position and availability of cash to fund the operation of the agency;
Reviews outstanding accounts endorsed by the Assessment and Billing Department;
Negotiates collection of arrears through payment of cash or issuance of post-dated checks.

Divisions

Financial Management Division (FMD)

Noel A. Galangue, Acting Chief Administrative Officer

Tel. No.: +6347.252.4131 / 4376
- Maintains financial records and provides various financial reports regarding collection and deposits to various revenue-generating departments;
- Ensures that cash/check collections are deposited the next banking day;
- Analyzes financial reports ensuring their correctness and accuracy;
- Provides Certified True Copy of Official Receipts and/or Certificate of Payment as requested by customer subject to payment of necessary fees.
Investment Management Division (IMD)

Roselyn M. Cuenco, Officer-in-Charge

Tel. No.: +6347.252.4218 / 4374
- Prepares and maintains financial records and provides various financial reports regarding collections, disbursement, and investment of funds; manages the investment of excess funds;
- Explores and recommends implementation of new and modernized collection and fund monitoring system to improve customer service; and
- Formulates financial controls, financial planning, systems and procedures in accordance with financial management principles and in consideration of new and/or revised government accounting rules and regulations.
- Assists in the Financial Risk Management.
Credit and Collection Division (CCD)

John Eric C. Pusing, Acting Chief Administrative Officer

Tel. No.: +6347.252.4377 / 4378 / 4379
- Issues collection letters to locators/residents and port users with overdue accounts pursuant to “Stringent Policy to Collect SBMA Receivables”;
- Assists locators/residents with their payment scheme proposals in accordance with SBMA’s “Payment Scheme Policy”;
- Refers to the Legal Department and Business Group the unsettled accounts with no payment scheme reached, for appropriate action;
- Prepares notice of dishonor for checks due to insufficient funds or closed accounts.