This document discusses educational financial management in the Philippines. It outlines guiding principles for sound financial systems including integrity, efficiency, educational excellence, funding adequacy and equity, public involvement, transparency, professionalism, and accountability. It also details the DepEd budget allocations for 2022, prioritizing K-12, government assistance for private schools, and additional compensation for personnel. Issues facing the public school system include shortages, lack of budget, need for salary upgrades, and commercialized education. Recommendations include defining the role of school leaders in crises, enlisting their help to reopen schools, and providing training.