Financial analysis of three selected Dominican Sienna schools for the school year 1983-1986

• Main Author: Guerrero, Rosalinda
• Format: text
• Language: English
• Published: Animo Repository 1987
• Subjects: Educational planning; Education > Finance; Education > Costs; Educational Leadership; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/106
• Institution: De La Salle University

The purpose of this study is to find out the financial viability of the three selected O.P. Siena schools located in the Visayas region, namely: Siena School, La Milagrosa Academy and St. Michael Academy. This study adopted the descriptive analytical design using trend analysis. Enrolment and financial data were examined to establish patterns of change that occurred during the school years 1983-1986, in order to make enrolment and financial projections for the school years 1987-1990. The sources of data for this study were the following: 1. Enrolment records from school year 1983-84 to 1985-86, 2. Teachers' Programs: Load and Salary for school year 1985-87, 3. Audited Financial Statements from school year 1983-84 to school year 1985-86, 4. Approved budget for school year 1986-87, 5. Schedule of tuition and other fees for school year 1986-87, 6. MECS and government documents such as memoranda and circulars concerning finance and salaries of faculty and staff of the educational institutions, and 7. Interviews regarding policies for projected enrolment, projected tuition and loads of teachers. The findings, based on the analysis of data, showed that the decrease in enrolment was primarily brought about by the high drop-out and low promotion rates. Based on this trend, the expected decline in the enrolment will be averted if the strategies to check promotion rates and drop-out rates will be properly implemented. It was also found that classroom utilization rate was not yet fully maximized, therefore the school could absorb more students. The expenditures exceeded the total income during the past three years, which indicated a lack of budgeting practices. Also, the net gain from tuition fees was not enough to offset the net loss brought about by the decrease in the yearly total enrolment. Increases in enrolment and tuition and other fees would assure the respondent schools' future survival and viability.