is a CPS ?
A commercial practices
system (CPS) defines the business
policies of water districts adopting the LWUA-prescribed
standard systems and procedures, to effectively account
for all transactions, safeguard the assets, promote operational
efficiency and provide uniform management information and
is there a need for CPS Installation?
installation is needed for the following:
provide on-the-job training and orientation of water
district personnel on the different aspects of the commercial
practices system (CPS);
establish uniform accounting systems and procedures
and financial reporting among water districts nationwide;
set up internal control procedures on financial transactions
and physical properties of the water districts.
are the benefits from the use of CPS ?
standard systems and procedures benefit the water district
in the following ways:
procedures, systematic report preparation, and the appropriate
distribution of workload result to a more efficient
operation in terms of minimal error, if any, timely
and reliable reports, savings on supplies and manpower
cost, and maximized utility of operating resources;
and accurate financial and accounting reports make for
improved performance evaluation and better decisions;
working relationship between and among management and
the different functional units brought about by proper
delineation of functions; and
management of assets and other resources and minimized
losses through the institution of internal control measures.
is required before CPS installation ?
following must be present before CPS is installed
assistance is being extended to the water district;
Qualified personnel have been hired; and
The books of account required forms have been printe.