Financial analysis for Saint Anthony's high school, Barbaza, Antique

• Main Author: Alabado, Filomeno E.
• Format: text
• Language: English
• Published: Animo Repository 1980
• Subjects: Education > Finance; Saint Anthony's High School of Barbaza (Philippines) > Finance; Educational Administration and Supervision; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/716
• Institution: De La Salle University

The Saint Anthony's High School of Barbaza, is one of the ten schools of the Catholic Mill Hill Schools in the province of Antique. It is now in its seventeenth year of operation, and it has suffered from financial shortage during the last three years of its existence, thus making it unable to meet its financial obligations. The problem of how to improve its financial conditions is a headache to the principal and director. The purpose of this study is to analyze the financial situation of the Saint Anthony's High School, and to propose a financial program for the next three years. Specifically, it aims to achieve the following objectives: 1) To analyze the school financial data, to identify the possible causes of the school financial deficits for the last three years. 2) To examine and evaluate enrollment data and space utilization of the school, in order to forecast the future enrollment as a basis in planning for the future school operation. 3) To propose a financial program which will produce a valid, reliable and reasonable break-even situation for the institution. Firstly, the administrator, cashier-registrar and bookkeeper were interviewed on the need for the enrollment and financial analysis of the school for the past few years and to develop an enrollment and financial forecast for the three years. Secondly, primary data that were obtained from the school enrollment records, inventory of school property, facilities and equipment, teachers and class programs, school financial records, most especially the audited financial report, were studied with administrators consent. These were analyzed and evaluated to find out and point out the causes of the financial deficit of the school for the past three years. Thirdly, MEC documents such as, department orders, memoranda, circulars, etc. were examined to discover the government policies regarding finances to the faculty and staff of all educational institutions. Fourthly, publication and year book from the National Census and Statistics office in Ant