INSTITUTE OF GRADUATE

AND PROFESSIONAL
EDUCATION

EDEM 507
SCHOOL FISCAL MANAGEMENT
 FINANCING AND
FINANCIAL MANAGEMENT
IN EDUCATION

- LADYLYN B. EGGAT
 Financing

What is financing?

Financing is just part of finance. It means to provide money for

specific purpose. Deficit financing, education financing, financing
a car, financing for working capital and financing for a new
business. All means to provide loan or money.
 Principles of Financing

1. Think long-term with goals and investing.

2. Spend less than you earn.
3. Maintain liquidity (an emergency savings).

4. Minimize the use of debt.

Let’s expand and explain.

• Think long term.

The longer-term your perspective, the better financial decisions you’ll

make. Set goals for the future.

• Spend less than you earn.

First you need to know what you earn and what you’re spending.
Write it out. Call it a ‘budget’ or not but get as close or high level as
practical and know it, monitor it. Develop self-control on spending.
• Maintain emergency savings.
This principle will help you ride out life’s surprises. You
will need to be spending less than you earn in order to build
savings.

• Minimize the use of debt.

If you increase debt, you increase your risk. It may allow you to do
more now, but it will detract from your abilities to save and
invest in the future. Financial problems are usually magnified with
debt.
THANK YOU 
PRINCIPLES OF FINANCIAL
MANAGEMENT

GULADA, CHENDIE CLAIRE S.

Presenter
 Principles of Financial Management in Education

1. Eliminate Excess Spending

2. Set Milestones

3. Implement Ongoing Evaluation of Spending Goals

4. Consider Partnerships

5. Implementing Change
What is the importance of financial management in education?

To ensures that the administration and management team are able to

manage the budget in a better manner and make informed decisions re-
lated to the school budget.
 Accountability

School financial management comprises the planning and

implementation of a financial plan, accounting, reporting
and the protection of assets from loss, damage and fraud.
“Leader Accountability for School Financial Management in
financial management, there are many things to considered like
planning and reporting. As a leader handling school financial is
very challenging in the sense that you have to implement all the
needs of a school with honesty, transparency and accuracy.
Also to build your leadership in handling finances and build the
trust of the people who are expecting to perform your duty well.”

-Sir Elmer Calcaben, School Principal of Danao Integrated School.

THANK YOU 
CON-
TROL
Prepared by: Rengin C. Bague
 A fund is a pool of money
What set aside for a specific
purpose. It’s the amount

is of money that is available

to be spent, especially

Fund? money that is given to

an organization or person
for a particular purpose.
Financial Management in Education
a n y o th e r sy ste m or
As with l manage-
ti o n , fin a n c ia
institu t c o n sidera-
im p o rta n
ment is an
.
tion in education

The concept of Financial management

in Schools describes the process of
ensuring that school leaders plan,
organize, delegate and control the
funds of the school to achieve its
goals.
 Financial management is a key factor in knowing
how the school is effectively managed or if it is able to realize
its objectives. The Department of Education sets forth the
role of the principal relevant to financial management in the
school context as the Philippine government provides for the
budgetary needs of the Philippine public schools.
 MOOE as a • In the context of Education,
Maintenance and Other Operating
Source of fund Expenses (MOOE) can be a source
of fund in public schools.

M It can be used for:

-utilities (e.g. electricity and water)

O -school-based training and activities

O
-procurement of school supplies and
other consumables for teachers and stu-
dents deemed necessary in the conduct

E
of classes.
-security, transportation/mobility and
janitorial services
Purchased Supplies
from MOOE
 Steps of Fund Utilization in School
Budget Allocation
Evaluating uti-
lization of re-
sources
2
1 4

3
Implementation
 Financial manage-
ment being the process of
planning and utilization of
school funds should provide
Why control policies and procedures,
rules, regulation and guide-
of funds is lines on how best the school
funds can be planned for,
important? deposited, withdrawn and
pay for goods and service.
This will ensure money is
spent for the right purpose.
 Conclusion
Hence, Financial management is
required and Control of Funds is
critical in a school in order to instill
good governance, accountability
and transparency in dealing with
public funds.
Reference
Espinosa F.M (2017), FINANCIAL MANAGEMENT PRACTICES
OF SCHOOL HEADS: TEACHERS’ PERSPECTIVES
Skyline Business Journal, 13(1)
http://www.skylineuniversity.ac.ae/images/pdf/sbj/2017/Article4.pdf

https://www.oecd-ilibrary.org/evaluating-the-use-of-school-
funding_5jftc90r2fd6.pdf?itemId=%2Fcontent%2Fcomponent
%2F9789264276147-9-en&mimeType=pdf
 Learning Objectives:

Define what is education finance. 1

2 Determine the importance of education finance.

Understand the principles of education finance.

3
Identify the organizations who support the basic education of the
4 Philippines.
E
D To provide education at much
U 04 lower cost to help the young
generation.
C
A
T
I 03 The financial and in-kind re-
sources available for education.
O
N
Governmental and organizational
F
I
02 processes by which revenues are
generated.

N
A
N
C 01 Use of money in edu-
cational institutions.

E
The Importance of Education Finance

-leads to higher innovation

02 and productivity.

-to improve a country’s

01 economy in the long term.
Principles of Education Finance
1 Improvement of education should be made.

2 Education finance concerns about all fund allocation in education.

3 Education should be provided to all at a much lower cost.

4 Education finance concerns about the equal distribution of education to all.

5 Special grants for various educational expenditure.

6 Financial opportunities like stipends, scholarships, free studentship etc.

Macro-Finance in Education

-is a whole econ-

omy based con-
cept, which is not
framed for any
particular group.

-to grow the

economy at a
national level.
 Resources for Basic Education
All resources are
transferred to DPWH
for planning, execu- LGU resources for ed-
National Resources
tion and reporting. ucation come from
are allocated to
Deped via the annual funds appropriated
General Appropria- from the national
tions Act (GAA). treasury and a special
taxing authority on
2 real property.

1 3
 Development Partner Support to Basic Education

AGENCY FOCUS AREAS AREAS COVERED

Asian Development Bank Senior High School Nationwide

Secondary School Nationwide

Assistance in Marawi Marawi

Australia DFAT Research and Evaluation Regions V, VI, VIII and X

Institutional Capacity Support BARMM

KOICA Alternative Learning System Region VIII

Korea Exim Bank School Construction Region III

 Development Partner Support to Basic Education

AGENCY FOCUS AREAS AREAS COVERED

USAID K to 3 Special Education Nationwide

K to 3 Literacy and Numeracy Regions V, VI and BARMM

Out of School Youth Selected cities nationwide

World Bank K to 3 Literacy and Numeracy Nationwide

School Leadership, Teacher Coaching Nationwide

and Peer Learning
Pilot for Teacher Coaching, with a focus Nationwide
on Literacy and Peace Education
UNICEF Quality Inclusive Lifelong Learning Nationwide
REFERENCES:
https://
ieltsrewind.com/governments-should-spend-more-mo
ney-on-education-than-on-recreation-and-sports
/
https://youtube.com/watch?v=vKzsJU-xRGQ&feature
=share

https://www.edu-links.org

https://www.teacherph.com/education-budget-financi
ng-Philippines/
 GROUP 2 MEMBERS:

Chendie Claire S. Gulada

Ladylyn B. Eggat

Rengin C. Bague

Genevive P. Rosa