This document discusses fiscal management and budgeting in education. It defines fiscal as relating to financial matters, especially government revenues and expenditures. Fiscal management is the process of keeping an organization running efficiently within its budget. The key areas of fiscal management are procuring funds, allocating funds, monitoring their use, and producing financial reports. The document then outlines the budgeting process, including preparation, authorization, execution, and accountability review. It also discusses the maintenance and other operating expenses (MOOE) budget for Philippine schools and how funds are allocated and used.

1. PED210:ADVANCE ADMINISTRATION AND SUPERVISION OF PHYSICAL EDUCATION
FISCAL MANAGEMENT
Discussant: SOZIL M. PENARANDA
Master in Physical Education
DISCUSSANT
DR. RESSURECCION M. MARCELO
PROFESSOR
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2. WHAT IS FISCAL?
RELATING TO FINANCIAL MATTERS,
ESPECIALLY GOVERNEMENT TAX
REVENUES AND GOVERNMENT
EXPENDITURE AND DEBT.
______________________________________________________________________
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3. What is ………………….
FISCAL MANAGEMENT?
Is the process of keeping an
organization running efficiently within
its allotted budget.
“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”.
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4. AREAS OF FISCAL MANAGEMENT
THE PROCUREMENT OF FUNDS
ALLOCATION OF FUNDS
MONITORING THEIR USE IN THE INTEREST OF
ACCOUNTABILITY
PRODUCING FINANCIAL REPORTS FOR THE
RELEVANT STAKEHOLDERS
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5. The term BUDGET means ....
The BUDGETING PROCESS
Bowgette (Middle English word)
Bouget (Middle French word)
Bouge (means leather bag)
Bulga (Latin word ...meaning bag or purse)
“BOUGET” was used by the King’s
treasurer, the exchequer, to carry documents
explaining the king’s fiscal needs.
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6. Professor Philip E. Taylor (1961)
“ The budget is the master plan of
government. It brings together
estimates of anticipated revenues and
proposed expenditures, implying the
schedule of activities to be undertaken
and the means of financing those
activities.”
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7. The BUDGETING PROCESS
1.BUDGET PREPARATION
2.BUDGET AUTHORIZATION/LEGISLATION
3.BUDGET EXECUTION, and
4.BUDGET ACCOUNTABILITY/REVIEW
During the preparation phase, the Executive prepares the
proposed National Budget. This is followed by the legislation
phase where the Congress authorizes the General
Appropriations Act. In the execution phase, agencies utilize
their approved budgets and during the accountability phase,
the executive monitors and evaluates the use of the budget.
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8. 1. BUDGET PREPARATION
INVOLVES THE FORMULATION OF
ESTIMATES OF REVENUES AND
EXPENDITURES BY THE EXECUTIVE
DEPARTMENTS AND AGENCIES. IN
PREPARING THE ANNUAL BUDGET
PROPOSAL,THE SAID DEPARTMENT
MAKES AN ESTIMATION OF
GOVERNMNENT REVENUES. IT THEN
DETERMINES THE BUDGET PRIORITIES
WITHIN AVAILABLE REVENUES AND
BORROWING LIMITS. FINALLY, IT
TRANSLATES THESE APPROVED
PRIORITIES INTO EXPENDITURES.
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9. 9

10. 2. BUDGET LEGISLATION
THIS PERTAINS TO THE WHOLE
RANGE OF LEGISLATIVE ACTION
ON THE BUDGET, LEADING TO
THE ENACTMENT OF A
GENERAL APPROPRIATIONS
LAW FOR THE YEAR. THE
PHILIPPINE HOUSE OF
REPRESENTATIVES FIRST
CONDUCTS
HEARINGS/DEBATES ON THE
BUDGET. 10

11. 2. BUDGET LEGISLATION
THE HOUSE THEN
APPROVES THE BUDGET,
FOR SUBMISSION TO THE
SENATE OF THE
PHILIPPINES. SENATE
HEARINGS AND DEBATES
ARE CONDUCTED ON THE
BUDGET WHICH IS
FINALLY APPROVED.
11

12. 2. BUDGET LEGISLATION
A BICAMERAL CONFERENCE
COMMITTEE COMPOSED OF
REPRESENTATIVES OF THE
PHILIPPINE HOUSE OF
REPRESENTATIVES AND THE
SENATE IN CONVENED. AFTER
APPROVAL BY THE BICAMERAL
CONFERENCE COMMITTEE, THE
PRESIDENT ENACTS THE BUDGET
WHICH IS KNOWN AS THE
GENERAL APPROPRIATIONS ACT 12

13. 3. BUDGET EXECUTION
COVERS THE ALLOTMENT OF
APPROPRIATIONS BY THE
CENTRAL BUDGET AUTHORITY
TO, AND THE INCURRENCE OF
OBLIGATIONS BY, THE SPENDING
DEPARTMENTS AND AGENCIES
OF GOVERNMENT.
THE STEPS IN THE EXECUTION
OF THE BUDGET ARE:
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14. 3. BUDGET EXECUTION
THE STEPS IN THE EXECUTION OF THE
BUDGET ARE:
a. RELEASE OF THE FUNDS BY THE DEPARTMENT OF BUDGET AND
MANAGEMENT (DBM)
b. IMPLEMENTATION OF THE VARIOUS PROGRAMS AND ACTIVITIES
BY THE DIFFERENT AGENCIES:
i. Involves the formulation of allotment and cash programs
ii. An Agency Budget Matrix (ABM) is prepared
iii. The ABM is validated or confirmed for corrections and
accuracy
iv. The General Allotment Release Order(GARO/SARO)/Notice
of Cash Allotment is released (NCA)
v. Government Programs/Projects/Activities can now be
implemented due to fund release.
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15. 4. BUDGET ACCOUNTABILITY/REVIEW
THIS INVOLVED THE REPORTING OF ACTUAL
PERFORMANCES AGAINST PLANS OR TARGETS, AND IT
INVOLVES THE FOLLOWING PROCESS:
a. MONITORING OF AGENCY BUDGETARY
PERFORMANCE
b. COMPARISON AND EVALUATION OF ACTUAL
PERFORMANCE WITH THE INITIALLY-APPROVED
WORK TARGETS.
c. A SUMMARY LIST OF CHECKS ISSUED IS SUBMITTED
ON A MONTHLY BASIS
d. PHYSICAL AND FINANCIAL REPORT OF OPERATIONS IS
SUBMITTED ON A QUARTERLY BASIS IN THE FORM OF
A TRIAL BALANCE
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16. BUDGETING IN
EDUCATION
BUDGET PREPARATION GUIDELINES
TYPICALLY ARE PREPARED BY THE
ASSISTANT-SUPERINTENDENT FOR
BUSINESS AND FINANCE OR BY AN
EMPLOYEE WITH SIMILAR RESPONSIBILITIES,
SUCH AS A CHIEF BUSINESS OFFICIAL OR A
BUDGET ADMINISTRATOR,WITH DIRECTION
FROM THE SCHOOL BOARD, THE
SUPERINTENDENT, AND OTHER DISTRICT
AND SCHOOL ADMINISTRATORS. 16

17. PROCEDURES AND STEPS IN PREPARING
THE EDUCATION BUDGET:
 PREPARING THE RECURRENT BUDGET
A. PERSONNEL SERVICES
1. SALARY AND WAGES
2. LUMP SUM FOR NEW POSITIONS
3. LONGEVITY PAY
4. COST OF LIVING ALLOWANCE (PERA)
5. SALARY FOR SUBSTITUTE TEACHERS
6. PROVISION OF ERF
7. FIXED EXPENDITURES(PAG-IBIG)
8. TERMINAL LEAVE BENEFITS
B. MAINTENANCE AND OTHER OPERATING EXPENSES (MOOE)
C. APPROVAL OF FIVE-YEAR INVESTMENT PROGRAM
- ONCE APPROVED IT BECOME THE BASIS FOR THE
ALLOCATION....LOCALLY GENERATED RESOURCES,
NATIONAL GOVERNMENT
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18. MOOE
MAINTENANCE AND
OTHER OPERATING
EXPENSES
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19. WHAT IS MOOE?
 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 THAT SUPPORT
LEARNING PROGRAMS AND HELP
MAINTAIN A SAFE AND HEALTHY
ENVIRONMENT IN SCHOOLS 19

20. A.) JOINT CIRCULAR No. 2004-1
Department of Budget and
Management (DBM) and DepEd
dated January 01, 2004
“Guidelines on the Direct Release of
Funds to DepEd – Regional Offices and
Implementing Units”
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21. B.) SECTION 10, R.A. No.9155
(Governance of Basic Education Act of 2001)
Which provides that the appropriations
intended for regional & field offices
(elementary/secondary schools and
schools division offices) are to be
allocated directly and released
immediately by the DBM to the said
offices 21

22. C.) DepEd Order No. 13, s. 2016
Implementing Guidelines On
The Direct Release and Use of
Maintenance and Other
Operating Expenses (MOOE)
Allocations of Schools,
including other funds managed
by schools
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23. DepEd Order No. 13, s.2016, the
MOOE annually allocated to
public elementary and secondary
schools must be utilized to:
1.) Procure school supplies
and other consumables for
teachers and students
deemed necessary in the
conduct of classes
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24. 2.) Pay for reproduction of teacher-
made activity sheets or exercises
downloaded from the Learning
Resource Management and
Development System(LDRMS);
3.) Fund minor repairs of
facilities, building and grounds
maintenance and upkeep of
school;
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25. 4.) Fund rental and minor repairs of
tools and equipment deemed
necessary for the conduct of teaching
and learning activities;
5.) Pay for wages of full-time
janitorial,
transportation/mobility and
security services;
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26. 6.) Pay for school utilities-electricity and
water and communication(telephone
and internet connectivity expenses);
7.) Support expenses for school-based
training and activities selected or
designed to improve learning
outcomes, such as but not limited to,
Learning Action Cells(LAC) and
Continuous Improvement(CI) sessions;
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27. 8.) Support special curricular
programs(e.g. Advocacy, assessment,
capacity building, learning environment,
learner environment, and research);
9.)Fund activities as identified in the
approved School Improvement
Plan(SIP) for the implementation in the
current year and as specifically
determined in the Annual
Implementation Plan (AIP) of the school
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28. 10.) Finance expenses pertaining to
graduation rites, moving up or closing
ceremonies and recognition activities;
11.) Procure small capital expenditure
items worth P15,000 and below, as
provided in the new Government
Accounting Manual issued by the
Commission on Audit(COA) and
subject to separate guidelines to be
issued by DepEd
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29. In 2018, the MOOE may see an
increase of up to P347.723M,
which will also aim to cover
the teachers’ annual physical
exam(APE)
SOURCE: Philippine Information
Agency portal
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31. 31

32. Source
of fund
of
MOOE
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33. From DBM
DEPED CENTRAL OFFICE
REGIONAL OFFICE
DIVISION OFFICE
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34. FIDUCIARY FUNDS
IS USED IN GOVERNMENTAL
ACCOUNTING TO REPORT ON
ASSETS HELD IN TRUST FOR
OTHERS
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35. FINANCIAL STATEMENTS FOR
FIDUCIARY FUNDS
 Statement of fiduciary net position
 Statement of changes in fiduciary net position
WHEN FINANCIAL STATEMENT ARE PREPARED FOR
FIDUCIARY FUNDS, THEY ARE PRESENTED USING THE
ECONOMIC RESOURCES MEASUREMENT AND THE
ACCRUAL BASIS OF ACCOUNTING
Recognize revenues in the reporting period they are
earned
Recognize expenses in the reporting period they are
incurred
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36. FINANCIAL STATEMENTS FOR
FIDUCIARY FUNDS
Use the statement of fiduciary net position
to report:
•Assets
•Deferred outflows of resources
•Liabilities
•Deferred inflows of resources
•Fiduciary net position of pension (and other employee
benefit) trust funds, investment trust funds,
private-purpose trust funds and custodial funds
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37. FINANCIAL STATEMENTS FOR
FIDUCIARY FUNDS
• additions to and deductions from pension (and other
employee benefit) trust funds, investment trust funds, private-
purpose trust funds and custodial funds.
• to disaggregate additions by source including a separate
display (if applicable) for:
Investment earnings
Investment costs (including investment management
fees, custodial fees and all other significant investment-
related costs)
Net investment earnings (investment earnings minus
investment costs)
Use the statement of CHANGES fiduciary net position to report
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38. 38
Financial Accounting
is the field of accounting concerned with the
summary, analysis and reporting of financial
transactions related to a business
This involves the preparation of financial
statements available for public
use. Stockholders, suppliers, banks, employe
es, government agencies, business owners,
and other stakeholders

39. THANK YOU !
References:
https://www.merriam-webster.com/dictionary/fiscal
https://wisegeek.com/what is fiscal management.htm
https://www.etymonline.com/word/budget
Philippine Information Agency portal
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