report about budget

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College of Industrial Education

[ IE – 512 School Plant and Facilities Management]

BUDGET and CAPITAL OUTLAY

( Budget Process in Education)

Reported By:

MARJON G. ARIASMAIE - AS

The Budget Difinition

The heart of fiscal management. (Knezevich,

1962)

Is the process of expressing quantified resource requirements (amount of capital, amount of materials, number of people, etc.) into time-phased goals and milestones.

Budgeting Difinition


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The Budget Cycle

• There are four steps/phases in managing the School Budget:

Budget Preparation Budget Authorization Budget Execution Budget Accountability

• During the preparation phase, the school head prepares the proposed school Budget. This is followed by authorization phase where the budget is submitted to the concerned agencies for approval and appropriation. In the execution phase, school through MOOE utilize their approved budgets and during the accountability phase, the school head monitors and evaluates the use of the budget, then submit documents to the concerned agencies or departments.


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Budget Preparation

Budget Preparation – the school heads plans his/her program of activities, determines the needs and makes projections and estimates.


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Budget Preparation

This starts with the Budget Call and ends with the School Head’s submission of the proposed budget to the Division and regional offices.

What is the Budget Call?What are the needs of the school?The number of Stakeholders in the budgeted

year?What are the machines and materials

needed?What are the other concerns included in the

AIP for the academic year?

Budget Legislation

or Authorizatio

nAfter the review, the budget is presented to the proper authority like the DepEd Division and Regional Offices then to the DepEd Central office where all budgets of Government Educational Institutions in the region and country are consolidated and finalized. Then the these are submitted to the Department of Budget and Management for consolidation with budgets of the different government sectors.


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Budget Legislation• Alternatively called the “Budget Authorization

phase,” this starts upon the House Speaker’s receipt of the President’s Budget and ends with the President’s enactment of the General Appropriations Act.

House Deliberations?Senate Deliberations?Bicameral Deliberations?Ratification and Enrollment?Veto Message?Enactment?Reenacted Budgets?

Budget Execution

The school head receives the approved budget in the form of releases which are usually made on a quarterly basis.


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Budget Execution• This is where the people’s money is actually spent. As soon

as the budget is granted, the school can implement its priority programs and projects.

With strict Compliance to the Release Guidelines and Program?

Follow Budget Execution Documents?Allotment and Cash Release Programming?Allotment Release? Incurring Obligations?Cash Allocations?Disbursement?

Budget Accountability

As funds are exhausted, reports are submitted quarterly and annually. Trial balances and other documents are prepared for the proper accounting of the funds as used during the calendar year.


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Budget Accountability• This phase happens alongside the Budget

Execution phase. • Through Budget Accountability, the DBM monitors the

efficiency of fund utilization, assesses agency performance and provides a vital basis for reforms and new policies.

Performance Targets and Outcomes?Budget Accountability Reports (BARs)?No Report, No Release?Review of Agency Performance?Audit?Performance-Based Incentive System?

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