St. Mary's Academy: A case study

• Main Author: Salvoro, Ann Dominic SPC
• Format: text
• Language: English
• Published: Animo Repository 1978
• Subjects: Education > Finance > Case studies
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/4241
• Institution: De La Salle University

The budget for 1974-1975 could not be actualized due to high rate of dropouts. The peoples main source of income is copra, which to this date had remained at its lowest cost. The price of copra is usually the schools barometer for enrollment. A high price would mean an increase in enrollment and a low price would be indicative of a decrease in enrollment. Hence, the students could no longer pay their monthly tuition. Some had to drop one after the other. Teachers salaries were not anymore within easy reach. Expenses had to be cut down. The sisters greatest problem was the one month vacation pay as stipulated in the teachers contract. Where was she to get that money? There was no other source of income except from the tuition. St. Marys Academy is a case exemplifying that kind of management concern on financial problem of the school. The problem which this case present is this: How would St. Marys Academy continue its operation despite her limited financial resources? In solution to the problem posed in this case, alternative actions were recommended by the writer on the latter part of the paper.