FISCAL MANAGEMENT

1. JENNIFER M. SUPRANES PARANQUE 10-TAGUIG GROUP
How Important Fiscal Management in Education?
 Organizations plan better with financial management or planning.
 It allows organizations to effectively allocate funds.
 Organizations make better planning of funds.
 It encourages entrepreneurial skills in employees which ultimately lead to
financial planning.
 Value of organizations increases as a result of financial management
education.
 Profit also increases in the long run.
 Financial decisions are critically looked into and made.
1. How is budget allocated in Public School? Private School?
Allocations and expenditures of resources should be justified in terms of their
expected impact on teaching and learning.
For example, many students who chose Modular learning modality
has phones or laptops but do not have access to the internet. Instead of printing
numerous pages of modules for a large number of students, flash drives
consisting of the modules and activity sheets of students can be provided.
 Management system employ existing resources in the effective and
efficient fiscal ways to meet students' educational needs.
 Thorough planning and analysis are employed before releasing any funds.
2. What are the similarities in the financial procedures in public and private schools?
Public Schools Private Schools
Administered and funded by the state or
national government.
funded wholly or partly by students' tuition
and administered by a private body.
Few functioning facilities. Many well maintained facilities.
High number of students in a classroom. Low number of students in a classroom.