Budgeting Process for Holy Gardens Group

Memorandum:

TO        BPI Accounting

cc:        HR  MLII, blog

Objectives:

1.  To prevent non remittance late remittance of JV share, or funds due to MLII

2.  To ensure liquidity;

3.  To push people at SBI collect near their target

Realiity:

1.  In the past we had to borrow funds to cover PC and even JV sharing;

2.  Lately we had repeat of same cases where we are unable to write checks for JV sharing;  that is a ground for termination of JV and should be avoided at all costs

3.  We saw that the latest budget for CV has been corrupted and funds set aside have been removed, thus causing the problems of late, non remittance.  The budgeting process is not observed

THE BUDGETING PROCESS WAS NOT PROPERLY TURNED OVER? (We should have asked when the dismissed employee applied for a clearance)

We have a memorandum regarding the minimum contents of a budget statement prior to CV approval.

Your attention is hereby called on the budgeting format which has been truncated (the funds set aside)

You were asked to refer to the old budget and you said they could not be found ( I suggest that extreme efforts be made to locate retrieve these files) OR THAT YOUR GOOD OFFICE ORGANIZE YOUR FILES.

You are to reformat your budget accordingly if  I may reconstruct from memory what it should contain:

Beginning Balance

Add:

    1.  Gross collection

     Less:

     ME  (compute for % it varies with SBUs)

     PC

     VAT

     Capf

     IF

     TOTAL of amounts collectible from Gross Sale

     Less:   other funds set aside:

     1.  Corporate loans payable

     2    Advances from sister SBUs

     3.  JV share (amounts vary with SBUS)

     Total funds set aside

NET AMOUNT AVAILABLE FOR OPERATIONS

FOR STRICT COMPLIANCE.   

Please implement for next CVS starting today.  January 6, 2015

Please turn over accordingly in case of change of employer.

LET US BE MORE PROFESSIONAL IN OUR JOB

There is an MC for this.

Jorge  S

The Holy Gardens Group - "THE MEMORIAL EXPERTS"

Please reply.    CCD 2.27

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