School-Based Management (SBM) is a strategy to improve education by.
transferring
significant decision-making authority from the central office, regional. office, division
office, and district office to individual schools.
The Maintenance and Other Operating Expenses (MOOE) is the allocated funds
for public elementary and secondary schools that can be spent on activities and
necessities (i.e. electricity and water) that support learning programs and help
maintain a safe and healthy environment in schools.
BONCODIN FORMULA
School’s MOOE = Fixed amount + (Allowable amount x Number of Classrooms) +
(Allowable amount x Number of Teachers) + (Allowable amount x Number of
Learners)
There are two components in the formula, the fixed and variable costs. The fixed
amounts for every Elementary School would be P40,000 and for High School
P80,000. The variable costs are the following:
Emilia Tabalanza Boncodin (May 28, 1954 – March 15, 2010) was a Filipina accountant, professor,
and public servant. She was the Secretary of the Philippine Department of Budget and
Management under the presidency of Gloria Macapagal Arroyo. She also served as a professor at
the National College of Public Administration and Governance at the University of the Philippines
Diliman until her death in 2010.
In 2010, the DepEd adopted a new scheme for computing MOOE allocation, also
referred to as the “Boncodin formula,” as it was introduced by former Department
of Budget and Management (DBM) secretary, Emilia Boncodin. The study reveals
that this improvement is more reflective and responsive to the schools’ needs.
Financial resources are the funds and assets that finance an
organisation's activities and investments. In simple terms, financial
resources are the monies that keep an organization operating.
DepEd Order No. 13, s. 2016 aims to give clear direction to all public schools on the
source, release and the utilization of school MOOE. It also ensures careful and ideal use
of school resources and to implement mechanisms for transparency and accountability.
School-Based Management (SBM) refers to the decentralization of decision making authority
from central, region, and division levels to the individual schools,
The SIP is a roadmap that lays down specific interventions that a school, with the help of the
community and other stakeholders, will undertake within a period of three consecutive school
years.
School Improvement Plan is a 3-year roadmap of interventions undertaken with the help of the
community and other stakeholders. It serves as a basis for the Annual Implementation Plan
(AIP)
Education finance is a term used to describe the financial and in-kind resources
available for education. The concept of education finance also addresses questions
about how resources are allocated, used, and accounted for to achieve sustainable,
quality education for all children and youth.
School finance is a broad and evolving field encompassing. three resource-related functions –
revenue generation, resource. allocation, and resource utilization – all aimed at providing.
educational opportunities and producing educational outcomes.
SECTION 309. Special Funds. – There shall be maintained in every provincial, city, or
municipal treasury the following special funds:
(a) Special Education Fund (SEF) which shall consist of the respective shares of provinces,
cities, municipalities and barangays in the proceeds of the additional tax on real property to be
appropriated. The proceeds from the additional one percent (1%) tax on real property accruing to
the Special Education Fund (SEF) shall be automatically released to the local school boards.
opics: Organizational structure Role of Finance Dept. The Finance Manager Finance office & other
related matters
To supervise the team that will provide the Schools Division Office with timely, responsive and
economical administrative services in personnel and records management, cash disbursement,
procurement , security and custody of property and the maintenance of facilities, in order to
ensure efficient operation of the schools division office towards enabling schools and learning
centers provide accessible and quality and basic education.
A Finance Officer is responsible for all financial aspects of a business or organisation. They
manage the budget, prepare financial reports, and ensure that all financial transactions are
conducted legally and ethically.
The duties and responsibilities of a Finance Officer may vary depending on their experience,
expertise, and the business they work for, but typically they include:
Managing the budget: this includes forecasting future income and expenses,
creating budgets and balance sheets, and ensuring that spending is within budget
limits.
Preparing financial reports: financial reports provide an overview of the company's
financial status and performance. They are used to make critical business decisions,
assess risk, and secure financing.
Conducting financial transactions: a Finance Officer oversees all financial
transactions, including issuing payments, collecting debts, and investing money.
Ensuring compliance with financial regulations and laws: Finance Officers must
comply with all relevant economic rules and regulations in Australia and overseas.
This includes ensuring that financial records are accurate and up-to-date.
Being a manager, FM is supposed more to work as a vigilant supervisor monitoring and ensuring
that tasks are being carried out in a desired manner for achievement of objectives. He is also
supposed to follow-up with finance officer for tasks assigned to him an check his progress.
Finance Officer will assist FM to carry out tasks assigned to him in the most effective and
efficient manner and keep the FM posted with the progress.
Republic Act No. 9155 in the Philippines
or commonly called as Governance of
Basic Education Act of 2001 The school heads shall have authority,
accountability and responsibility for Administering and managing all personnel, physical and
fiscal resources of the school;
A finance team is a department within your organization that handles all
functions related to your company’s financial well-being. Generally, a
finance team is responsible for a variety of tasks – including accounting,
recordkeeping, administrative work, and cash flow. A finance team is also
in charge of all duties related to your organization’s capital funds,
including acquiring and managing these funds. Often overlooked, the
finance team has the knowledge to teach you how to effectively grow your
business.
Whatever the job title is, all are likely to have responsibility for the following duties:
Overseeing day-to-day cash management
Managing accounts payable and receivable
Keeping organised books of tuition fees (if applicable) and files of receipts
Preparing expense reports on a regular basis
Managing annual budgets
Conducting cost and productivity analyses
Reviewing employment contracts and terms of services
Designing and updating financial procedures
Liaising with local authorities and school governors
Preparing expense reports
Finance Service
Formulates a national policy framework for the operationalization
of the Finance services in the Department.
Provides management with technical staff assistance on fiscal
matters particularly on:
Management of financial resources
Determination of budgetary requirement
Accounting of the Department’s funds
In a context, a study determined financial management as careful allocation and utilization of scarce by
financial managers to minimize waste and maximize accountability [2]. These definitions connote then
that the financial management undertaken by school heads which is to prepare, procure, expend and
make accurate account of funds provided for the organizational program implementation, and their
capabilities as financial managers, are considerably significant and indispensable.
Regional office
1. Facilitate claims, payments and reimbursement of expenditures
and transfer of funds within the prescribed timelines
2. Prepare, consolidate, and submit Budget and Financial
Accountability Reports (BFARs)
3. Maintain books of accounts and Registries of Allotments,
Obligations, and Disbursements (RAOD)
4. Monitor and evaluate the financial performance of RO and SDOs
Division office
Specific Functions:
1. Monitor and ensure proper reporting of the generation and utilization of funds by the schools and
LCs.
2. Operationalize the required government financial systems to improve productivity, efficiency, and
timely completion of government transactions and reports.
3. Strengthen and monitor the implementation of the internal control system to ensure the
completeness of supporting documents and validity of transactions.
4. Provide capacity building programs for school heads on fiscal management.
5. Monitor and evaluate the utilization of funds provided by the national government and by LGUs to
the schools and clusters including funds generated by the schools and LCs.
6. Monitor and assess/audit the schools and LCs regarding: (a) resource mobilization and utilization;
and (b) compliance with the
existing rules and regulations
The Finance Division provides the Regional Office units and
Schools Division Offices (SDOs) accurate and timely financial
advice, information, and services to ensure equitable allocation,
judicious spending, and efficient utilization of fiscal resources.
To maintain financial records and reports in order to
provide management with information for decision
making, and accounting reports to oversight agencies to
ensure the proper utilization of funds in accordance with
accounting and auditing rules and regulations.
To provide DO management with economical, efficient, and
effective accounting services to ensure the cost-effective
utilization of financial resources of the division.
