Who was the person who suggested you hand it in, if i may ask?
They most likely know better than me but for most visas and entering countries you need at least thre/six/twelve months on a visa to run.
Also just an educated guess if i applied for a six month visa to go to phill im sure they would want my passport to run longer than that time other wise its not valid when i go to leave.
If it was my money, i would get my passport sorted out and then apply otherwise they may turn you down and you get to give them the money depends when they notice it during the process.
Whatever happens i hope it goes well for you
