Romblon State University (RSU) has received an Unmodified Opinion for its Fiscal Year 2025 financial statements, marking the third consecutive year that the University’s financial reporting has met the standards of fair presentation and compliance.
An unmodified opinion signifies that the financial statements present, in all material respects, a true and fair view of the University’s financial position and performance. Sustaining this rating over multiple audit cycles reflects RSU’s institutionalization of sound financial management practices, including consistent adherence to accounting standards, strengthening internal control systems, and timely reconciliation of financial records.
Under the leadership of University President Dr. Merian P. Catajay-Mani and Vice President for Administration and Finance Dr. Tomas T. Faminial, RSU has reinforced an institutional governance that prioritizes accountability, compliance, and financial discipline across its units. These outcomes are supported by coordinated efforts among accounting, budgeting, cashiering, BAC & procurement, supply, and internal audit teams which collectively ensure the integrity of financial processes and reporting. The University recognizes the critical role of its finance offices and personnel in the main and satellite campuses whose work underpins quality, dedication, and excellence.
Equally important is the contribution of employees across academic and administrative units, whose diligence in documenting and processing financial transactions in accordance with established policies. Accurate submission of supporting documents, adherence to procurement and disbursement guidelines, and timely coordination with oversight agencies are critical elements that enable RSU’s audit compliance.
Maintaining three consecutive unmodified opinions places RSU among public higher education institutions that demonstrate consistent financial accountability. Moving forward, the University aims to build on this foundation by further enhancing efficiency in financial operations and aligning resource utilization with its strategic priorities in instruction, research, extension, and institutional development under the CHED ACHIEVE Agenda and the Philippine Development Plan 2023-2028.
Under the leadership of University President Dr. Merian P. Catajay-Mani and Vice President for Administration and Finance Dr. Tomas T. Faminial, RSU has reinforced an institutional governance that prioritizes accountability, compliance, and financial discipline across its units. These outcomes are supported by coordinated efforts among accounting, budgeting, cashiering, BAC & procurement, supply, and internal audit teams which collectively ensure the integrity of financial processes and reporting. The University recognizes the critical role of its finance offices and personnel in the main and satellite campuses whose work underpins quality, dedication, and excellence.
Equally important is the contribution of employees across academic and administrative units, whose diligence in documenting and processing financial transactions in accordance with established policies. Accurate submission of supporting documents, adherence to procurement and disbursement guidelines, and timely coordination with oversight agencies are critical elements that enable RSU’s audit compliance.
Maintaining three consecutive unmodified opinions places RSU among public higher education institutions that demonstrate consistent financial accountability. Moving forward, the University aims to build on this foundation by further enhancing efficiency in financial operations and aligning resource utilization with its strategic priorities in instruction, research, extension, and institutional development under the CHED ACHIEVE Agenda and the Philippine Development Plan 2023-2028.
