SCHOOL FINANCE.pptx

8/10/2019 SCHOOL FINANCE.pptx

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Why this course is so important?

INTRODUCTION T

There is an increase number of school with fiscal

autonomy, and the advent governments

approach of School Based Management

processes, School Heads must understand the

basics of financial management.


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INTRODUCTION T

What will you learn from this module?

Define School Finance and identify its four

Phases

Identify the legal bases and state the roles of

School Heads in School Finance

Enumerate the module coverage and clarify the

use of each module to manage school finance


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INTRODUCTION T


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WHAT IS SCHOOL FINANCE?

refers to the school-based financial managem

system.

deals with managing the school financial reso

to support the goals developed by the school

increase student learning outcomes.

INTRODUCTION T


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financial planning based around the School Imp

Plan (SIP) and what we want to achieve in our sc

implementation of financial policies and proced

applicable to public elementary and secondary supports divisional and regional development stand plans.

School Finance also involves:

INTRODUCTION T


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FOUR PHASES OF SCHOOL FINANCE

1. Planning

Goal Setting Developing the planning premises Review limitations Deciding the planning period Formulation of policies and strategies Preparing operating plans Integration of plans

Failing to plan is planning to fail

Source: http://www.preservearticles.com/201106168040/what-are-the-steps-invo


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2. Budgeting

- process of relating the expenditure of funds in asystematic way to the achievement of the plannedmission and objectives of a school.

FOUR PHASES OF

2 important things to consider in Budgeting:

Where the fund comes from? What are the immediate needs of the

school based on the level of necessity orpriority?


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Stages in making School Budget

1. Identification of programmes, projects or activitiesyou wish to accomplish in the budget period.

2. Identification of the resources

3. Costing of the resources

4. Presentation of the budget as per budgetary

guidelines formulated by the government orfunding agencies.

5. Obtaining approval of the budget by theauthorities.

FOUR PHASES OF

http://library.unesco-iicba.org/English/Better_Schools/Better%20Schools/MODUL


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3. Implementing

- the process of realizing or executing the plan.

FOUR PHASES OF

The steps of implementing a (strategic)plan

Evaluate the (strategic)plan Create a vision on how to implement the (strategic) plan Select a person or personnel to help implement the (strate Schedule meetings to discuss progress reports Involve the upper management where appropriate.

http://smallbusiness.chron.com/implementation-process-strategic-plans


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4. Evaluating

FOUR PHASES OF

Identifies the successes of thecurrent plan

Identifies the needs in the nextyears plan

Evaluates and adjusts the plansprogress throughout the year

A Technical Assistance Document For: Planning and Evaluating Your S


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THE PROCESSES INVOLVES IN SCHOOL FINANCE

1. Secure the following documents from DepEd Regional Office: Regional plan

Schedule of Personal Services (PS) and Maintenance Operating and OExpenditures (MOOE)

2. Based on secured documents, prepare school plans to include:

Performance measures/specification of major final output with quperformance targets

Budget proposal

3. Seek approval for plans and budgets

4. Implement approved plans and budgets

5. Record, monitor, and review performance

SCHOOL FINANCE.pptx

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