Budget management is the process of ensuring an organization uses its funds efficiently to meet its goals. It involves planning and tracking procedures related to the budget using tools like spreadsheets and accounting guides. The key aspects of budget management are procuring funds, allocating funds, monitoring their use, and creating financial reports for stakeholders. It also aims to comply with all financial regulations, accurately record all transactions, and control expenditures to not exceed income. Principles of budget management include transparency, competitiveness, accountability, and public monitoring. Priority expenditures for a school include basic utilities, office supplies, minor repairs, and salaries, while textbooks and large purchases are not allowed.

1. Reporter: Eloisa A.Rivera

2. -is the process of keeping
an organization running
efficiently within its
allotted budget.

3.  “seeing to it that the
school has funds it
requires to meet its goals
and that such funds are
used for the purposes for
which they were meant.

4.  To improve the way the department operates
by properly planning, recording, and
performing procedures that relate to the
budget.
 This involves a variety of tools, including
budget spreadsheets, accounting, and guides
outlining procedures for department
management.

5.  The procurement of funds
 Allocation of funds
 Monitoring their use in the interest of
accountability
 Producing financial reports for the relevant
stakeholders

6.  All financial regulations and procedures are
complied with
 All financial transactions are recorded
accurately
 Adequate controls are in place to ensure that
expenditures do not exceed income
 Only authorized expenditures are incurred

8. Principles:
 Transparency
 Competitiveness
 Procurement Process
 System of Accountability
 Public Monitoring

9.  Priority Expenditures
1. BASIC UTILITIES
2. OFFICE/SCHOOL SUPPLIES
3. MINOR REPAIRS
4. OTHER SUPPLIES
5. SALARIES FOR JANITORIAL AND SECURITY
SERVICES

10.  EXPENSES FOR THE FOLLOWING IS NOT
ALLOWED:
1. PROCUREMENT OF TEXTBOOKS
2. OTHER INSTRUCTIONAL MATERIALS
3. SCHOOL FURNITURE
4. EQUIPMENT