Home⇛Psychology and Education: A Multidisciplinary Journal⇛vol. 41 no. 6 (2025)

School Administrators’ Financial Management Practices: Basis For Upskilling Activities

Alfie Barrera

Discipline: Finance

 

Abstract:

This study determined the financial management among school administrators among three (3) districts of Tanjay City Division (West, North and South) which would be the basis for capability building program. This study was conducted to find the significant difference on the respondents’ extent of financial management when they are grouped according to the profile, school administrator’s compliance in the preparation of pre-requisite documents of disbursement of funds and the difficulties they encountered in school financial management practices. Descriptive survey was the method used in the study. It was fact-finding process that analyzed, classified and interpreted the data gathered. The statistical tools utilized in the study were Frequency Distribution, Percentage, Weighted Mean and t-value and p-value. The study revealed that: the respondents of the study are mostly middle-aged school administrators who are 50-59 years old majority are female. Most respondents are Principal I, with M.A. units. Most of them also have attended local training programs, with a few participating in regional, national, or international trainings. The findings also indicate that school administrators generally uphold accountability and transparency in financial management, as shown by their strong agreement on maintaining accurate records and being responsible for financial discrepancies. These analysis on financial management practices based on factors such as age, sex, plantilla position, trainings attended, and educational attainment reveals no statistically significant differences. It is recommended that school administrators should be equipped on targeted financial management training for optimizing budget allocation and ensuring financial sustainability. Workshops on School Budget Planning, Financial Management and Operations Manual (FMOM), and Strategic Financial Resource Allocation provide essential skills in budgeting, forecasting, costbenefit analysis, and regulatory compliance. By enhancing administrators' decision-making abilities, these programs enable them to allocate resources effectively, prioritize expenditures, and improve overall financial efficiency. Ultimately, strengthening financial management competencies contributes to the long-term success of educational institutions, ensuring better learning environments and improved academic outcomes.



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