Republic of the Philippines

DEPARTMENT OF EDUCATION
Region III
SCHOOLS DIVISION OF ZAMBALES
IBA DISTRICT
DAMPAY ELEMENTARY SCHOOL

ACTIVITY COMPLETION REPORT (ACR)

PART 1

Title of Activity: School Operating Budget

Date: January 07, 2018

Venue: School ( Dampay Elementary School)
Source of Fund: None
Objective/s:
1. Provides school and their leaders with an opportunity to justify the collection and
expenditure of public funds. 

Expected Number of Participants: Teachers and School Head, GPTA President

Actual Number of Participants: 19

PART 2
NARRATIVE REPORT

1. Introduction:
A budget can be defined as an itemized listing of the amount of all estimated revenue
or income which the school anticipates receiving, along with a listing of the amount of all
estimated costs and expenses that will be incurred during a given period of time (Wango
Geoffrey, 2009:211). A school budget can be defined as a document or statement outlining a
school’s revenue (income) projections against expenditure. A school budget can also be
defined as a financial plan of funds that a school expects to receive and the expenditure it
will take to achieve its educational objectives.

Through the use a budget as a standard, the school ensures that programmes are
implemented according to set plans and objectives. The actual performance is measured
against budgeted performance. Secondly, a budget facilitates proper administration of
financial revenues and other school resources. A budget is the basis for accounting for funds
spent to achieve educational objectives. The budget also inspires confidence in the
parents, education officials and the school community about the school’s leadership and
general management.

Any local government or agency—including public schools—uses its

budget to describe its program plans for the upcoming year. This brief—written to help
expand familiarity with and understanding of school budgets and the role of various levels of
government—is a bird’s‐eye view of school budgets and answers the following questions:   •
Who is involved in the school budget? • What is the role and purpose of the school budget? •
What are the major budget categories for school districts? • Where do the resources for
school budgets come from? • When are school budgets spent? • How is this information
related to the current federal budget proposal and economic realities at the local level? The
content and information presented here is a general overview of school budgets. As such,
specifics will vary between both states and districts. As you work through the rest of this
white paper, keep in mind that   at any given time, school districts are likely managing three
budgets: finishing audits/evaluations and final details of the previous budget, operating and
monitoring the current budget, and planning for the next budget.  

Rationale
While the concept of budgets is common across professional sectors and fields, the
budget process in public schools has noticeable differences that impact how districts’
allocate and prioritize their funds.  For example, while most public and private organizations
and businesses have 35 to 40 percent of their budgets tied to personnel and benefits, the
comparable number in public schools is, on average, more than double, between 80 and 85
percent. Further complicating districts’ ability to address budget priorities, the remaining 15
percent of their budgets is oftentimes impacted and limited by state, local and federal
mandates related to everything from building codes to class size requirements.  

2. Narration of Accomplishment in Accordance with the Activity

The school head is charged with the prime duty of preparing a school budget. The
budget is drawn based on the Board of Governors (BOG), School Management Committee
(SMC) and Parents Teachers Association (PTA) resolutions on the school development and
operations. A well-prepared budget should consist of three key components namely:
revenue plan, expenditure framework and educational strategy which is a long term plan. A
budget is important to an educational institution in the following ways: First, Budgeting
ensures that actions are carried out according to a budget plan.

On January 07, 2018 our school (Dampay Elementary School) conducted a meeting
together with the school head, teachers and the president of GPTA of the said school. This
is to let them know the budget of school for the school year.

The meeting ends well and adjourned at exactly 5:00 pm.

Prepared: Noted:

DAISY ANN B. MORA ARNEL F. ROSAL

Teacher I Principal II