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THE FINANCIAL MANAGEMENT OF MANITO CENTRAL SCHOOL 

ZENAIDA S. ALEJO 

· Volume IV Issue I

ABSTRACT

Financial management involves activities that schools undertake to maximize the full utilization of allocated budget and resources. This study delved into the financial management of Manito Central School, the sources of funds of the school and the implementation of the financial management activities and processes employed by the school’s financial staff. The data gathered were analyzed and interpreted employing the mixed method of research. The descriptive quantitative method was used to the data collected through the use of questionnaire, unstructured interview to validate gathered data and analysis on reports and documents. The study revealed that the financial resources of the school were generated from both government and non-government sources to finance the programs, projects, and activities of the school. The financial staff of the school perform financial management activities along planning, procurement, disbursement, accounting, recording, and reporting. The level of compliance to these activities varies depending on the financial staff assigned to do the particular activity.

Keywords: Financial management, financial resources, budget allocation, financial staff, and utilization of resources