Regulations Governing the Handling of Return of Revenues and Recovery of Expenditures of the National Treasury Article 8

When revenue is returned, whether it is revenue from the current fiscal year or from a previous fiscal year, the return of the revenue shall be accounted for under the same account title originally used for the revenue. When returned revenue is from a previous fiscal year, if there is no revenue in the current year under the original account title, the return of the revenue shall be accounted for under the expenditures account title "return of annual revenue from a previous fiscal year."When an expenditure is recovered, if the expenditure was made in the current fiscal year, the agency shall complete a Statement of Recovery of Expenditure, and the recovery of the expenditure shall be accounted for under the same account title originally used for the expenditure. If the expenditure was made in a previous fiscal year, the agency shall complete a Paying-In Slip, distinguishing the nature of the original expenditure by using the respective account titles of "Recovery of Annual Expenditure from a Previous Year" or "Remaining Balance of Recovered Treasury Funds from a Previous Fiscal Year," and pay it back to the National Treasury. However, with respect to disbursements of funds that an agency has accounted for under the account title "Temporary Payments" (including temporary payments out of the current year's annual budget or temporary payments among the annual accounts payable of a previous fiscal year), if such an expenditure is recovered, the recovering agency may continue to make expenditures from the recovered funds in accordance with the uses allowed under its annual budget, and shall complete a Statement of Recovery of Expenditures, specifying the account title originally used for the budget expenditure, and pay the funds to the National Treasury.