This document summarizes key financial information needs for effectively managing school resources, including cash flow projection, budget allocation and mobilization, the financial position of the school, and accounting and financial policies. The response then shares the best practices of the institution where the author is currently employed related to delegating financial tasks with strict confidentiality, cash flow projection through treasurers and an organizational adviser, budget allocation through administrative prerogative, the school's financial position being used to build infrastructure, and accounting and financial policies being handled by a financial secretary without direct teacher involvement.

1. EDUCATION 400
Management of school finance
Mid-Term Examination
Financial information is needed to support the resources mobilization efforts of the school
organization. Such information is useful for identifying the best resources of funds and effectively
managingthe school’sfinancial resources.Informationneeds relate mainly to the following operation:
- Cash flow projection
- Budget allocation and mobilization
- Financial position of the school
- Accounting and financial policies
Being engaged in the school budget for efficient and effective use of school resources, share the
best practices of your school in terms of the identified and specified information needs.
ANSWER:
The institution whereI am currently employed used to delegate tasks as to the matter of finances in
strict confidentiality;when it comes to cash flow projection theinstitution relate financial agreement
through consensus of the group concerned i.e. during our 89th
Foundation Day flow of cashes must
go to our respective treasurers and in come our organizational adviser will approve necessary
request slip in ours and in turn purchasing needed goods and receipts will turn over to our
organizational auditor.
Budgetallocation and mobilization – in my case, it is thorough by administrative prerogative and as
such they present to us the prospective needs as well as the concern of all stakeholders… our school
really allocate resources to the least point but with expectation returns.
Financial position of the school is in finest veracity meaning the accumulated funds where currently
used in building infrastructurefor our incoming senior high school, akin to the policy the position, to
the position of my school is above average when it comes to stabilizing monetary funds since it is
private institution stockholders are bounded such future projections of our school.
As of the matter of accounting and financial policies, we teachers from Tayabas Western Academy
have no direct participation in financial matters, since there is trusted and appointed financial
secretary who is in charged in aforementioned tasks. He collects, administers receipts and
receivables in every student, and we teachers are tasks to monitor our students’ compliance in that
matter.