- Written by Apple Joy Balondo-Visitacion
- Read Time: 1 min
Biliran Province State University has been commended for its physical and financial performance in the fiscal year 2024, securing a 100% timely submission rate for all required Budget and Financial Accountability Reports (BFARs) for the 3rd and 4th quarters.
The university was also awarded Best in Agency Performance Report (APR) presentation, ranking second overall during the FY 2024 Full Year Agency Performance review at the DBM Conference Hall in Tacloban City, earning a score of 93.67%.
The APR presentation, which covered physical, financial, and income performance, presented BiPSU’s accomplishments in meeting its targets. As reported, the university successfully achieved all the 14 mandated outcomes and output indicators from the FY 2024 General Appropriations Act (GAA).
BiPSU President Dr. Victor C. Cañezo, Jr. received the awards, together with the Vice President for Administration and Finance Engr. Vivencio A. Pelesco, Jr., Supervising Administrative Officer (SAO) Dr. Sheila Day A. Gabuya, Budget Officer Aileen May D. Mecaydor, Institutional Planning Office (IPO) Director Engr. Jessie Mari Cerera, and Project Development Officer Jesica Myka Quijano.
One of the highlights of BiPSU’s presentation was its remarkable performance in the licensure exams, where the university achieved a 79.51% first-time licensure passing rate, with 784 out of 986 takers passing the exams. This resulted in a total accomplishment rate of 165%, surpassing the 2024 annual target.
BiPSU also reported an employment rate of 56.10%, with 823 out of 1,467 graduates from AY 2021-2022 successfully traced and employed, exceeding the annual target by 116%.
In addition, the university successfully obligated nearly all of its allotted funds, achieving 100% utilization for Personnel Services and Maintenance and Other Operating Expenses, while its Capital Outlay stood at an impressive 98%. Its disbursement BUR also reflected a 97% overall utilization rate for the year’s appropriations.
President Cañezo also highlighted the university’s strong income generation, achieving a 128% collection rate, surpassing targets, with BiPSU collecting over ₱136 million from tuition and other school fees over three semesters, supplemented by scholarship grants from CHED and DOST.
"Congratulations to everyone! We’ve done it again — it’s now a three-year streak,” Dr. Cañezo said. “My heartfelt thanks to the outstanding Finance and IPO teams and all BiPSUnistas for their hard work. Your commitment continues to drive our success, and we couldn’t have achieved this without you!"
The university president also reaffirmed his commitment to upholding transparency and financial accountability, and the pursuit of excellence in both academic and administrative functions.
Moreover, Dr. Cañezo highlighted that this recognition further cements why BiPSU has earned the PBB grant five times from FY 2019 to 2023, and expressed hope for continuing this achievement with the PBB grant for 2024.
Also present during the said event were DBM Regional Director Dr. Imelda C. Laceras and Assistant Regional Director Aleli N. Hernandez, head specialists from DBM and other key officials from various SUCs in Region VIII.
#WoWBiPSU
[This aligns with the Sustainable Development Goal (SDG) No. 4: Quality Education and SDG No. 16: Peace, Justice, and Strong Institutions.]