TREASURY DEPARTMENT

• Formulates and updates policies and guidelines on the planning and management of monetary resources.  
  

• Ensures the proper remittances of all collections and handles the transfer of funds to PPA units.  
  

• Plans and sources cash requirements of PPA.  
  

• Ensures optimization of income and proper investment.  
  

• Administers corporate taxation.  
  

• Ensures effective implementation of credit policies and handles foreign debt servicing.  
  

• Ensures the availability of accountable forms.  
  

• Performs cashiering functions for the Head Office.  
  

• Issues certifications on matter pertaining to employee claims, clearances, GSIS loans, etc.  
  

• Safeguards certificates of ownership or title to the land and other documentary evidences on real property owned by/belonging to the Authority.  
  

• Identifies insurable fixed assets including dredgers and ensures their coverage.  
  

• Performs other related functions.

TREASURY DEPARTMENT
Cash Management Division

• Formulates and updates the policies and administrative guidelines on cash management.  
  

• Safeguards and monitors Head Office cash in bank operation against unauthorized withdrawals and uncredited deposits.  
  

• Confirms reconciliation of remittances from field offices against bank credits.  
  

• Handles cash transfer to the field offices.  
  

• Handles procurement, custody and distribution of accountable forms and ensures that the security features are properly in place.  
  

• Maintains the cash liquidity level of the Authority.  
  

• Services foreign debt payments and maintains subsidiary control records.  
  

• Handles cashiering functions for Head Office.  
  

• Handles daily check issuances at the Head Office.  
  

• Issues certification on matters pertaining to employee claims, clearances, GSIS loans, etc.  
  

• Performs other related functions.

TREASURY DEPARTMENT
Securities, Credit and Tax Management Division

• Formulates and updates the policies and administrative guidelines on credit, investment, taxation and risk management of PPA assets.  
  

• Monitors and evaluates the implementation of credit policies and ensures adherence to target.  
  

• Recommends administrative sanctions on/commendations of implementing units.  
  

• Formulates and implements investment strategies and portfolio mix to maximize placement.  
  

• Safeguards the delivery acceptance and registration of government securities acquired by the Authority.  
  

• Handles the trading of PPA bonds issued by the Authority.  
  

• Implements Real Estate Tax Laws, Value Added Tax, Corporate Income Tax and other corporate tax laws.  
  

• Safeguards properties against insurable risk and adheres to risk management techniques.  
  

• Handles property risk insurance coverages of fixed assets including dredgers.  
  

• Maintains centralized records on port areas, buildings, structures and other improvements and ensures proper valuation/appraisal of the property.  
  

• Performs other related functions.