Complianceof Public Elementary School on the Financial Management Role in the School-Based Management in Taal District, Division of Batangas

Abstract

INTRODUCTION

Matters on an organization's finances are reflective of its success in operation. No company or any business firm has ever attained its apex of productivity, growth, and goodwill without performing all the important financial activities exemplary.The researchers, as school managers, feel the urgent need to assess the administrative function of school managers regarding financial management stewardship by knowing the financial management role and accountability of public school managers.

METHODS

The descriptive research method was used in this study. It describes what exists under such current conditions, practices, situations or any phenomena. A total of 215 teachers and 16 school managers were requested to answer the questionnaire.

RESULTS

Results showed that transparency is one of the elements that have to be met by school heads to ensure the proper delivery of service to the public. The best way to communicate with the public is to post written reports to conspicuous areas. However, results revealed that school heads are transparent in transmitting their reports to the Department of Education office but the other stakeholders, such as teachers and parents, assessed that transparency through bulletin boards and other means to communicate reports to the public as the least manifested function of school heads.

DISCUSSIONS

The school managers should undergo seminars and training about basic accounting and how to exhibit transparency to the public. There should also be a common template of what to display so that there is uniformity among schools. The central office/regional office/division office in-charge of disbursement and the school heads should have a summit so the central office will know the challenges met by the school heads and they can solicit ways on how to improve the system of disbursement. The summit can also open avenues on issues that are not addressed in terms of fiscal resources. The school head, teachers, and parents should include in every PTC the reports on fiscal resources. The transparency board should also be updated. Parent representatives should also be given a task in liquidation and disbursement of the fund. The selected parents can be part of the social audit committee. In this way, the public can be sure that the school heads are faithful to their commitment.