Issues,concerns and challenges on financial and fiscal resources management of elemenetary schools in the division of Bulacan, DepEd Bulacan/ Geraldine A. Puyaoan

Dissertation

College of Industrial Education Doctor of Education in Industrial Education Management Technological University of the Philippines 2022

"Financial and fiscal resources management ranging from budgetary and fiscal planning to fund sourcing and to managing the available cash in schools to avoid severe wastages and displacements of priorities are among the core essentials and the basic accountabilities of the school principal and its constituents in the school organization. Relative to this, it became fundamental that the school principals and their SGCs be knowledgeable and technically equipped with financial skills and competencies such as basic accounting, financial recording and reporting, budgeting, collecting accounts receivables, cost management, procurement, policy making, and income generating activities. However. it appeared that there are still school principals and SGCs who were subjected to forensic audits due to mismanagement and improper control of school funds, misappropriation, unauthorized, irregular, and improper liquidation of cash advances despite strict compliance order to the financial management reforms of DepEd, to avoid being flagged by COA. For these reasons, the researcher was motivated to conduct this investigation using the phenomenological qualitative approach which she believed is an ideal design to examine the impact of transparency and accountability in management of school finances and fiscal resources of schools in the Division of Bulacan based on the awareness, roles and responsibilities and glaring issues, concerns and challenges plaguing each school. From the results, it was also found out that while there wore school principals who have the awareness on financial and fiscal resources management, there are still those who lack the essential accounting knowledge and skills, same with the SGCs, who are indeed sincere in sharing, serving, helping, contributing, and participating in school activities and programs. Relative to this, the phenomenon on financial and fiscal resources management and the concepts and theories that emerged in this study led to some important measures to further improve the school financial and fiscal resources management. These are (1) More provisions for seminars and trainings on financial and fiscal resources management for both school principals and SGCs, (2) Empowering school principals in strengthening external stakeholders support and collaboration for resources mobilization, (3) More provisions for technical assistance in conducting income generating projects, and (4) Maintaining the annual COA examination for adherence to prescribed rules and regulations on cash transaction.Author's Abstract.From the results, it was also found out that while there were school
principals who have the awareness on financial and fiscal resources management, there are still those who lack the essential accounting knowledge and skills, same with the SGCs, who are indeed sincere in sharing, serving, helping, contributing, and participating in school activities and programs.
Relative to this, the phenomenon on financial and fiscal resources management and the concepts and theories that emerged in this study led to some important measures to further improve the school financial and fiscal resources management. These are (1) More provisions for seminars and trainings on financial and fiscal resources management for both school principals and SGCS, (2) Empowering school principals in strengthening external stakeholders support and collaboration for resources mobilization, (3) More provisions for technical assistance in conducting income generating projects, and (4) Maintaining the annual COA examination for adherence to prescribed rules and regulations on cash transaction- Author's Abstract."