DPE-409: SCHOOL FINANCE AND

MATERIAL RESOURCES
MANAGEMENT

Presenter:
ALVIN L. GUILLERMO,
MAeD
 - It is a broad and evolving field
encompassing three resource-related
functions – raising revenue, allocating
resources, and using resources.
-  It will provide an educational opportunities
and produce outcomes.
School Finance
 DepEd issues the policy guidelines for the adoption
and utilization of the Financial Management
Operations Manual (FMOM) for all financial
transactions at all levels of the Department. This is to
ensure standard and uniform application of rules and
processes in financial management operations, as
prescribed by governing regulations for (i) budget; (ii)
DO 60, s. 2016 accounting; (iii) procurement; and (iv) asset
management.
 - School Governing Bodies are mandated
to manage the funds of schools.
-It provides guidelines for the school
governing body and the principal on their
roles and responsibilities in managing the
finances of the school.
School Act
No. 84 of 1996
 -It describes the process of ensuring
that school leaders plan, organize,
delegate and control the funds of the
school to achieve its goals.
School Financial
Management
 QUALITIES OF THE PRINCIPAL OR
PRESIDENT WHEN IT COMES TO SCHOOL
FINANCES
Traits of School
Principal/President

Good Manager of
School Finance
Why should school heads be good in financial
management?
The principal/school head as financial managers in a
school are responsible for budgeting, implementing
budgetary plans, control- ling the implementation
processes and reporting the results (Kwaghbo, 2008).
 He/she need financial resources for various
needs, such as; salary payments, school
buildings and facilities maintenance,
academic field practice costs, extra-
curriculum activities and other school
programmes.
 The principal must facilitate, support and
assist the SGB in the execution of its
statutory functions relating to the assets,
liabilities, property and other financial
management issues.
How does the principal manage the School Finances
Effectively?
1.Eliminate Excess Spending
2.Set Milestones
3.Implement Ongoing Evaluation of Spending Goals
4.Consider Operational Partners
5.Incorporate Accounting Software for Schools
6.Implementing Change.
TRAITS PERTINENT TO SCHOOL FINANCE

CONSISTENCY TRANSPARENCY STEWARDSHIP INT

 2. TRANSPARENCY

1. CONSISTENCY
-Open about their work,
providing info about activities,
Consistent use of financial completely and timely financial
policies and procedures are for report.
efficient operation.

3.Integrity
-Financial records and reports
are accurate and complete.
4. STEWARDSHIP
-involves taking good care of the
financial resources intended to be
used.
-it can be done through strategic
planning, assessing financial risk
and appropriate system and control
KEYS TO BECOME EFFECTIVE SCHOOL
FINANCIAL MANAGER

ACCOUNTING FINANCIAL FINANCIAL INT

RECORDS PLANNING MONITORING CO
 2. FINANCIAL PLANNING

1.ACCOUNTING RECORDS

It is linked to the
Must keep an accurate accounting organization’s strategic and
records of its financial transaction to operational plan.
show how funds have been used.
 3.FINANCIAL MONITORING
4.INTERNAL CONTROL

Internal budget monitoring report

helps organization to monitor the Effective Internal Control System
progress of projects and annual protect staff involved in financial
financial statement provide tasks. It was be placed to
accountability to external safeguard an organization assets
stakeholders. and manage internal risk.
Financial Responsibilities of
School Principals 
1.Understanding the financial limitations and flexibility
of the school; set goals and formulate the right financial
management strategies. All of these duties require the
consideration of factors such as available school
resources, background, and the needs of students, etc.
2. Reviewing and analyzing
income and expenditures on
a regular basis, ensuring that
resource allocation follows
the school development plan. 3. Regularly approving and
revising school budgets.
4. Understanding that the school income
must be handled in accordance with 5. Reporting the
relevant requirements, regulations and
use of school
rules. Ensuring that other financial
funds to the
management bodies follow those
relevant parties
guidelines.  
6. Organizing controls of
budgets, including
accounting and reporting
7. Hiring an accountant as an
systems that will monitor
finances. auditor for regular school
account tracking and
evaluations.
 
THANK YOU MA’AM AND SIR….GOD BLESS PO