MODULE 2 FOR FINANCIAL MANAGEMENT

Topics: Management, School, Finance Pages: 2 (665 words) Published: February 22, 2015
SAINT FRANCIS OF ASSISI COLLEGE
045 Admiral Village, Talon III, Las Piñas City

GRADUATE SCHOOL OF EDUCATION

Course Code: EDMA 534
Course Title: Financal Management
Professor: Dr. Alfred Orosco
Submitted by: Marilou T. Buenaventura

MODULE 2 for FINANCIAL MANAGEMENT IN SCHOOLS

1. What general advice would you give to a new school head regarding strategy and planning the finances of a school?

Schoolhead has an authority, responsibility and accountability to set the vision/mission, goals and targets of the school in collaboration with his/her staff and teachers. He/she accountable for higher learning outcomes, administer and manage personnel, physical and fiscal resources of the school. This scope os translated into 3 major functions as defined by Sec. 7 of RA 9155: (1) promote education quality improvements, (2) exercise administrative management and (3) exercise instructional leadership. With these functions, an Action Plan/Work Planon Financial Requirements of the school is very necessary setting the priorities and needs of the school for the year-round implementation, monitoring and evaluation.

2. What advise can you give a new school head linking the spending to the school development plan?

Each schoolhead must know that there are 7 phases to follow the cycle in his/her exercise of administrative management: (1) planning, (2) mobilizing, (3) programming, (4) budgeting, (5) implementation, (6) monitoring, (7) reporting. Always remember that the government and DepEd have always set “ Guidelines on the Utilization of Support Fund for the School” These guidelines are his/her reference how to spend for the requirements and implementation of the schools AIP/ Action Plan stated in the schools APP. As new schoolhead, always use these things as your BIBLE to safely discharge your responsibility because from simplest to the most complicated issues in your agency, you are accountable.

3. As well as having a very tight budget (which is very...
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