cover
Ernel Merano PhD

Financial Management

A Dissertation on Financial Management Competence of Elementary School Heads


This humble work and scholarly endeavor is lovingly and wholeheartedly dedicated to my Family Juning, Ej Marc Nel, and Erich Dianne Parents Tatay Nestor and Nanay Tasing Brothers and Sisters and in-Laws Edelito and Susan, Eva and Alex, Evelio and Meraflor, Eke and Marieflor, Edgar and Roxan, Ernesto Jr. and Jeancy, Elezar and Steph, Emelio and Jeselle Neices and Nephews Charie, Sally, Edelito Jr., Irish, Sheila Ariel, Allan, Analiza, Arnold, Aivee Julius, Jerome, Evelio Jr., Floravel, Joseph, James, Joshua, Villaflor, Sean Michael, Christian John Erron, Ayesha Jamella, Jumark Elize Amber Jesmher Above all to JESUS CHRIST… “Author and Captain” of my Life.


BookRix GmbH & Co. KG
80331 Munich

Financial Management

ABSTRACT

 

 

MERANO, ERNEL S., FINANCIAL MANAGEMENT COMPETENCE OF ELEMENTARY SCHOOL HEADS AND SCHOOL PERFORMANCE IN LEYTE DIVISION, Eastern Visayas State University, Tacloban City, February 2017.

 

 

Adviser:          DENNIS C. DE PAZ, PhD

            Professor

            Eastern Visayas State University

            Tacloban City

 

 

                  This study determined the financial management competence of elementary school heads and performance of schools in Leyte Division, specifically, this study sought answers to the following questions: What is the profile of the school heads in terms of age, sex, civil status, educational attainment, administrative experience, family income, position/designation, and training attended related to financial management. What is the profile of the schools in terms of enrolment, number of teachers, and amount of funds allocated namely; Maintenance and Other Operating Expenses (MOOE), School-Based Management (SBM), School-Based Repair and Maintenance Scheme (SBRMS), Special Education Fund (SEF) and Parents Teachers Association (PTA). What is the financial management competence of school heads as rated by the teachers and school heads themselves along: budgeting, accounting, procurement, and asset management. Is the financial management competence of school heads related to profile of the school heads and profile of the school? What is the performance of the school in the National Achievement Test? Is the performance of the school related to the financial management competence of the school head? What intervention scheme may be proposed based on the findings of the study?

 

                    The study used a descriptive-correlational method to investigate the financial management competence of elementary school heads and the performance of the schools in the Leyte Division. This study used the validated researcher-made survey questionnaire adapted from the Department of Education Financial Management Manual and DepEd Order no. 12, s. 2014 entitled Implemented Guidelines on the Direct Release of Maintenance and Other Operating Expenses (MOOE) Allocation of Schools to the Respective Implementing Units.

The respondents of the study were 70 School Heads and 369 teachers involved in the School Financial Task Force from Area I to Area V in Leyte Division, for School Year 2016-2017. A questionnaire was used to determine the profile of the School Heads. Frequency tally, percentages, Mean, Pearson’s Product Moment Correlation Coefficient, Point-Biserial Correlation Coefficient, and Eta Correlations were used. IBM-SPSS version 22 was used in the analysis of the data. 

 

The findings showed that the majority of the school heads are in the middle age in terms of administrative experience. Most of them have low family income and not trained in school financial management. They managed a varied amount from different financial resources. Most schools have small enrolment, small teacher population, and managed different amount of school funds. In terms of budgeting, accounting, procurement, and asset management, the majority of the school heads are competent as rated by the teachers and themselves; however, few of them are less competent. The family income is related to budgeting and accounting. Likewise, the number of training attended is related also to the asset management competence of the school heads. However, procurement is not related to the school head’s financial management profile. The school performance of the school in terms of the National Achievement Test result is only average. The school performance is not related to the financial management competence of school heads.

 

Based on the findings and conclusions of the study, it is recommended that school heads should attend training/seminar-workshop related to school financial management. To sustain financial management competence, school heads must-own and refer to the Financial Management Manual from DepEd. Intensify the financial management competence training-workshop among school heads and school financial task force. Involve the school planning team in the school and from the community for an orientation on school financial management. Manage all school financial resources by practicing effective budgeting, accounting, procurement, and asset management to be able to finance all school activities and adapt the prepared seminar-workshop proposed in the study.