EDUC 206 SCHOOL FINANCE

1. GOOD
AFTERNOON
EVERYONE!
E D U C 2 0 6 - D R . P A U L A

2. CONTENTS
FINANCIAL PLANNING AND CONTROL IN
EDUCATIONAL ORGANIZATION
THE CRISIS AND SOLUTION TO SOLVE IN FINANCING
GOVERNMENT SCHOOLS
1.
2.
The Effective and Efficient Finance Executive
in Education system
COST EFFECTIVE STRATEGIES FOR SMALL SCHOOLS
3.
4.CRITERIA FOR ASSESSING THE EFFECTIVENESS OF AN
EDUCATIONAL FINANCIAL MANAGEMENT OF
EDUCATION IN OTHER COUNTRY AND ITS
COMPARISON

3. ARE YOU
READY?
LET'S GET STARTED!

4. EDUC 206 – School Finance - Activity
Activity: Gibberish
fins nuns
finance

5. EDUC 206 – School Finance - Activity
Activity: Gibberish
edge okay
education
shin

6. EDUC 206 – School Finance - Activity
Activity: Gibberish
F
effective
active

7. EDUC 206 – School Finance - Activity
Activity: Gibberish
Effie
efficient
scent

8. EDUC 206 – School Finance - Activity
Activity: Gibberish
exit
executive
thief
cute

9. The Effective and Efficient Finance Executive in
Education
A Finance Executive in Education plays a crucial role in
ensuring financial sustainability, strategic planning, and
resource optimization within an educational institution.
Their effectiveness and efficiency determine the
institution’s ability to provide quality education while
maintaining financial stability.
Finance executives oversee an organization's money. They
monitor the organization's income, expenses and
investments, and they create and evaluate financial reports
including cash-flow statements

10. The crisis surrounding the financing of government
schools is a significant issue in many parts of the world.
Government schools often face financial constraints that
affect the quality of education, infrastructure, and overall
student outcomes. Here's an outline of the crisis and
potential solutions
1. THE CRISIS AND SOLUTION TO SOLVE FINANCING IN
GOVERNMENT SCHOOLS

11. Crisis: Challenges in Financing Government Schools
•Underfunding:
•Many government schools face chronic underfunding,
which hampers their ability to provide essential
resources such as textbooks, technology,
extracurricular activities, and updated learning
materials.
•Teachers may be underpaid, and schools may
struggle to hire qualified staff due to budget
constraints.

12. Inadequate Infrastructure:
A lack of investment in school buildings, classrooms, and
basic facilities leads to poor learning environments.
Overcrowded classrooms and a lack of modern facilities
can lower the overall educational experience and hinder
students' ability to learn

13. •Overreliance on Government Budgets:
•Government schools often depend heavily on public funding,
which can fluctuate due to political changes, economic
downturns, or competing priorities in the national or local budget.
•Inefficient Allocation of Resources:
•In some regions, financial resources are not allocated efficiently,
leading to wasteful spending or unequal distribution of funds,
with some schools receiving more funding than others.

14. Limited Access to Modern Technology:
With the digital divide widening, government schools in
underfunded areas often lack access to modern
technology, such as computers, internet connections, and
educational software.
.

15. Innovative Funding Models:
Public-Private Partnerships (PPPs): Encourage collaboration between the
public sector and private organizations to invest in infrastructure, technology,
and education programs. This could involve businesses donating resources or
providing funding in exchange for promoting social responsibility.
Solutions to Address Financing Challenges in Government Schools
Increased Public Investment in Education:
Governments should prioritize education in their national budgets, increasing the
allocation of resources to schools to ensure basic quality education for all students.
Countries can commit to international frameworks like the UN’s Sustainable
Development Goal 4 (Quality Education) to help drive investment.

16. Efficient Use of Resources:
Governments should focus on making the best use of available resources by
adopting transparent financial management systems that track spending, minimize
waste, and ensure equitable distribution of funds.
Investing in financial literacy for school administrators and education planners can
improve budgeting and resource management within schools.
Technology Integration and Distance Learning:
Governments can explore low-cost solutions to incorporate technology into
classrooms, such as mobile learning platforms, free online courses, and educational
software.
Digital solutions can be used to improve learning outcomes in areas where physical
infrastructure is lacking, and distance learning options can extend educational
access in remote or underserved regions.

17. Community Involvement and Crowdfunding:
Schools and local communities can explore innovative approaches like
crowdfunding to raise funds for specific educational needs such as sports
equipment, books, or after-school programs.
Local communities could also collaborate to provide additional support through
volunteer programs, mentorship, or local donations.
Performance-Based Funding:
Governments can implement funding models that are tied to the performance and
needs of schools. For instance, funding could be distributed based on factors like
student performance, community needs, and school capacity, ensuring that
resources are allocated where they are most needed.

18. Teacher Training and Retention:
To solve funding issues in the long term, investing in
teachers’ training and professional development
programs can improve teaching quality and ultimately
reduce costs related to student dropout rates and
remediation efforts.
Providing financial incentives for teachers working in
underfunded or high-need schools can help attract
and retain skilled educators.

19. Financial Planning and Control in
Educational Organizations
Financial planning and control in educational
organizations ensure the effective and efficient use
of resources to achieve academic and institutional
goals. It involves budgeting, resource allocation,
financial monitoring, and compliance with regulatory
requirements.

20. • Budgeting: Creating an annual or multi-year financial plan that
includes income sources (tuition, grants, government funding,
donations) and expenditures (salaries, infrastructure, technology,
curriculum development).
Key Aspects of Financial Planning

21. •Strategic Financial Goals: Aligning financial planning with
institutional objectives such as student enrollment growth,
academic excellence, infrastructure expansion, and digital
transformation.
•Revenue Generation: Diversifying funding sources through
grants, endowments, partnerships, fundraising, and commercial
services.

22. •Cost Management: Identifying areas where cost
savings can be achieved without compromising
education quality.
•Investment Planning: Allocating resources for
long-term projects such as new school buildings,
research programs, and technology upgrades.

23. Optimizing Staff and Resources
Multi-Role Staffing: Hire teachers who can teach multiple subjects or
take on administrative responsibilities to reduce payroll expenses.
Shared Services: Partner with nearby schools to share administrative
staff, IT services, and special education resources.
Volunteer Programs: Engage parents, alumni, and community members
for support roles such as tutoring, maintenance, and extracurricular
activities.
Cost-Effective Strategies for Small
Schools

24. Efficient Budgeting and Financial Planning
Zero-Based Budgeting: Evaluate every expense from scratch each
year instead of adjusting previous budgets.
Priority-Based Spending: Allocate funds based on the most critical
needs, such as curriculum improvement and student support
services.
Bulk Purchasing & Supplier Negotiation: Buy school supplies,
books, and technology in bulk or through cooperative purchasing
programs.

25. Technology Integration to Reduce Costs
Open Educational Resources (OER): Use free or low-cost digital
textbooks, lesson plans, and teaching materials.
Online Learning & Hybrid Models: Reduce classroom space and
operational costs by offering online or blended learning programs.
Automated Administrative Tools: Use free or low-cost software for
attendance tracking, payroll, and communication to reduce
paperwork and staffing needs.

26. Maximizing Facility Usage & Energy Efficiency
Energy Savings: Install LED lighting, optimize heating and
cooling, and encourage energy conservation habits among
students and staff.
Facility Rentals: Rent out classrooms, halls, or sports fields to
generate additional income.
Community Partnerships: Share facilities with local
organizations, libraries, or recreational centers to reduce
infrastructure costs.

27. Alternative Revenue Generation
Fundraising & Grants: Apply for educational grants, organize
community fundraising events, and seek donations from local
businesses.
Sponsorships & Partnerships: Partner with businesses for
sponsorships or support in exchange for advertising opportunities.
After-School Programs & Extracurricular Activities: Offer fee-
based programs like tutoring, music, arts, or sports to generate
revenue.

28. Cost-Efficient Student Support
Peer Tutoring & Mentorship Programs: Utilize high-achieving
students to support others instead of hiring additional staff.
Community-Based Support Services: Partner with local health clinics
or counseling centers for student mental health and wellness support.
Recycling & Upcycling Initiatives: Encourage students and parents to
donate books, uniforms, and school supplies to reduce costs.
.

29. Criteria for Assessing the Effectiveness of Educational Financial Management in
Different Countries
Effective financial management in education ensures the efficient use of
resources, transparency, and sustainability. Different countries have unique
financial management systems influenced by economic conditions, governance
structures, and education policies.

30. • Comparison of Educational Financial Management Across Countries
Criteria Finland
United
States
United
Kingdom India
South
Africa
% of GDP
on
Education
~6.1% ~5% ~4.5% ~3% ~6.2%
Public vs.
Private
Funding
Mostly
public-
funded
Mixed
(public +
private)
Mostly
public-
funded
Large
private
sector
Mostly
public-
funded
Transparenc
y &
Accountabili
ty
High (strict
audits,
reports)
High (state-
level
control)
Moderate
(audit-
based)
Low
(corruption
risks)
Moderate
(some
inefficiencie
s)
Spending
per Student
(USD)
~$13,000 ~$14,000 ~$11,000 ~$500 ~$1,000
Equity in
Funding
Strong focus
on equal
distribution
Varies by
state
(inequality
issues)
Moderate
(better in
urban areas)
Limited
funding for
rural schools
Challenges
in rural
areas
Teacher Salaries
& Training
High investment
in training
High salaries but
unequal
distribution
Competitive
salaries
Lower wages,
teacher
shortages
Moderate
salaries, lack of
training

31. Key Insights & Lessons from Different Countries
Finland: Known for equitable funding, strong public investment, and low
bureaucracy, ensuring all schools receive adequate support.
United States: Strong funding but significant disparities between wealthy
and poor districts due to property tax-based funding.
United Kingdom: Decentralized but moderately equitable funding, with
challenges in maintaining funding for public schools.
India: Struggles with underfunding in public schools, reliance on private
institutions, and urban-rural disparities.
South Africa: Faces funding gaps and inefficiencies in rural areas, though it
spends a high percentage of GDP on education.

32. Recommendations for Improving Educational Financial
Management
Increase Financial Transparency: Ensure regular audits and public
reporting.
Equitable Budget Distribution: Allocate more funds to underprivileged
schools.
Encourage Public-Private Partnerships: Reduce the burden on
governments.
Monitor Cost Efficiency: Ensure spending results in tangible academic
improvements.
Long-Term Financial Sustainability: Plan for economic fluctuations and
emerging needs.

33. THANK YOU
REFERENCES: Google / ChatGPT/
https://www.google.com/