FINANCIAL

MANAGEMENT
PREPARED BY:
MARY ANN N. SOLOMON
IMPORTANCE OF FINANCIAL MNGT

 For Economic Growth

 Improve Standard of Living
 Creates Job
 Alleviate poverty
 Makes Environment Better
 Community and School Profile

Established on June, 3 buildings 8

2008 classrooms
10 km away North of 110 enrolment in
Dumaguete 2017
Boost Economy  Principal with 8
agriculture fishery teachers
industrial commercial
 Performance Indicator SY 2017

 had an Increased in cohort survival rate

in grades 8 & 9
 Had an increased in completion rate
 had maintained zero drop out and repetition rate
 had achieved 100% in promotion and graduation
rates
School Achievements

 Won different district, congressional division

and regional level competitions
 YieldedDOST scholars enrolled in Engineering
and Science courses
 School Objectives

 To raise the NAT MPS from 73.21% to 83% by

2019 (at least 4% per year)
 To improve learning environment conducive to
learning
 To strengthen school and community
partnership and attain 100% involvement in
school PAPs
 School Priorities
 Reproduction of IM’s, LM’s, review materials, test
materials
 Procurement of ICT and multimedia equipment
(projector) and MAPEH equipment
 Conduct/participateschool/higher level
competitions both curricular and extra curricular
 Conduct LAC sessions and school INSETS on
innovative pedagogy
 Organizational Structure in terms of
Financial Management
The School Financial
Planning Team

Liquidation In- Accounting Auditing

BAC PO Inspectorate Charge In-Charge In-Charge
ACTUAL (Organizational Structure)

 ADA or School Head functions as BAC,

Purchaser, and Liquidation In-Charge
 No one is In-charge of Accounting
 No one is In-Charge of Auditing
 Listing of Funds and Expenses

Sources of Funds

 MOOE,
 SEF,
 School Canteen,
 Income Generating Project
 donations
 Sources of Fund (ACTUAL)
MOOE Amount Received Expenses
2016 180,000 180,304
2017 222,000 222,159
2018 270,000 270,092
2017 SEF 85,730.00 85, 730
2018 PTA 34,000 34,000
FINANCIAL PLANNING

Persons Involved:
The School Head
The PTA President
Teacher’s League President
SSG President
Property Custodian
School Physical Facilities
Coordinator
Processes in Developing SOB

 Convene financial team

 Go over SIP/AIP/APP
 Review previous income and expenses
 Prioritize needs
 Make necessary adjustments
Actual (SOB)

School has no SOB

Procurement Process

teacher property school head to or

makes a custodian to sign not to approve the
request the request request

Inspection Team to Purchaser to BAC to canvass

procure approved request
inspect goods delivered good/services to and award to the
/services rendered the winning bidder qualified bidder

Administrative aide or
School Head gathers
documents and process
for liquidation
 Procurement Documents

NGAS

 Purchase Request
 Request for sealed quotation
 Abstract of Sealed Quotation
 Purchase Order
 Inspection and Acceptance
Report
 Disbursement Voucher
 Inventory Custodian Slip Form
Add ons:
 Program of Works
 Negotiated Pacquiao
 ACCOUNTING

- the system of recording and summarizing

business and financial transactions and
analyzing, verifying, and reporting the results

- The chairman of the inspectorate team can

also be in charged in accounting school funds
 PROCESS INVOLVED IN ACCOUNTING
SCH FUNDS
 Keep all the basic records
 Record Income and expenses that occur in
that particular day
 Prepare financial statement, that shows flow of
funds
 Analyze the financial statement
 Draw a conclusion
AUDITING

PD #1445 Section 53. Definition of government auditing

Government Auditing is the analytical and
systematic examination and verification of
financial transactions, operations, accounts, and
reports of any government agency for the
purpose of determining their accuracy, integrity,
and authenticity, and satisfying the requirements
of law, rules and regulations.
 PROCESS OF AUDITING

Requesting Scheduling Preparing On site

an Open an Audit Field Drafting a
Financial
Meeting Plan Works Report
Documents

Setting up
Person Involved: a Close
Chairman Bids and Awards Meeting
GRACIAS TODOS!

ADIOS!!!