The Fund Management Practices of the Barangays in the City of San Juan

Abstract

The researcher study deals with the effectiveness of fund management practices of the barangays in the City of San Juan. Fund management is a building block to our global growth and enables innovation and development, which contributes to opportunities, growth, and security. With this being said, it radiates the importance of fund management to individuals, businesses, or even government. This study is undertaken to provide information on the effectiveness of fund management practices of the barangays of San Juan. This study will not only benefit the barangays but the city itself and all the individuals. The researcher made use of the descriptive research method in conducting this study by distributing validated questionnaires to respondents. The respondents consist of the barangay captains and the treasurers of the 21 barangays of San Juan with a total of 32 actual respondents. The assessment of the respondents on the effectiveness of fund management practices was evaluated using frequency and percentage distribution, ranking, weighted mean, and One-Way Analysis of Variance (ANOVA). Findings of the research revealed that there is no significant difference in the effectiveness of fund management practices of the barangays when grouped according to the estimated population in terms of Appropriations and Obligations, Collections and Deposits, Disbursements, Miscellaneous Transactions, and Accountability. Same goes with the effectiveness of fund management practices of the barangays when grouped according to the estimated number of commercial establishments. Further, when grouped according to estimated land area, there is no significant difference in terms of Collections and Deposits and Accountability. On the other hand, there are significant differences in terms of Appropriations and Obligations, Disbursements, and Miscellaneous Transactions. Based on the respondents’ assessment, the researcher concluded that the respondents are particular to adhering the fund management practices or the policies of the Commission of Audit as they perceive the practices as effective but can still pose some measures of improvement. However, for the practices in terms of disbursements, being it assessed by the respondents as very effective.