School Finance and Resource

Generation
(Educ 109)
 This course is designed to provide graduate
students in education with a basic understanding
of school finance theory and current practice.
Emphasis is directed at two major areas:
1. Resources-Sources of funds generated to
finance schools.
2. Uses of Funds-How and where funds are
expended. Specific focus will be directed to the
Philippine School Budget, the budgetting process,
reporting requirements, the accounting function,
cash flow analysis, business office procedures,
impact on revenues and expenditures, and the
political environment impacting school finance.
 Objectives:
• 1. identify and understand the major financial and
human resources needed to manage schools and
school districts.
• 2. identify school-based budgetting issues.
• 3. collaborate effectively and respectively with
collegues.
• 4. familiarize accounting control system.
• 5. demonstrate an ability to communicate educational
goals through the budgetary process to students, staff,
and community.
• 6. manage capital assets, goods and services, allocating
resources in accordance with school priorities.
 School Financial Management
• -raising money is tough
• -once you have it can be even tougher
• - with competition for every dollar at an all-
time high, you can’t risk donor confidence
through poor financial management.
•
 The Financial Edge
• -can handle just about anything you throw at
it, including:
• Strategic Financial Mangement
• -Turn abstract numbers into clear
forecasting and planning information.
• Accountability/Stewardship
• -Build your stakeholders’ trust.....and
keep it
 The Financial Edge
• Budgetting/Planning
• Stretch your resources: Do more with less.
• Spending
• Tighten the reigns by putting your
spending on auto-pilot
• Collections
• Decrease time spent collecting, and
increase time spent fundraising
 Strategic Financial Management
• The school (organization) should have a
nonprofit-specific accounting solution for:
• 1. Managing Multiple Funds
• 2. Tracking Costs
• 3. Crossing Fiscal Years
• 4. Budgetting
• 5. Reporting
• 6. Integration
 With Financial Edge
• You can;
• Adopt a true fund accounting solution
• Get rid of spreadsheets: track all expenses and details
associated with projects and grants with one system
• Generate multiple budget scenarios and streamline the
budget preparation process
• Comply with all nonprofit-specific reporting
requirements and generate finanancial reports in a wide
variety of formats
• Seamlessly connect to The Raiser’s Edge (the
world‘s best-known and loved nonprofit fundraising
solution) for a tight audit trail and world-class stewardship