St. Peter Academy of Alegria,Inc.

Poblacion, Alegria, Cebu

Standards-Based School Improvement Plan

Area : Budget and Finance

Improvement Plan SMART Goals Output Action Steps Time Period Monitoring Person in Budget and
Item System Charge Budget Source
1. A school financial Innovate A school Financial 1. Review existing May 2020 1. Copy of review Principal, SHS current
manual approved financial manual manual specific manual report signed by Internal Auditor, maintenance
by the Board of approved by the for school alone 2. Identify the team leader, Teacher budget= 1,500
Trustees that sets Board of Trustees that sets the accounting supported with Representative JHS current
the appropriate that sets the appropriate fiscal policies and attendance sheet. maintenance
fiscal and appropriate fiscal and accounting systematic 2. List of Identified budget= 2,500
accounting policies and accounting policies and procedure that of accounting
and systematic policies and systematic are applicable policies and
procedures that systematic procedures that to the school systematic
ensure the effective procedures that ensure the 3. Craft Financial procedure that are
and efficient ensure the effective and manual specific applicable to the
delivery of varied effective and efficient delivery for the school school.
services. efficient delivery of of varied services. alone. 3. Copy of
varied services.
approved financial
manual

2. A system for Establish a system for 1. Identify items November 1. list of items All stakeholders SHS current
collaboratively system for collaboratively needing budget 2019 needed budget maintenance
preparing the collaboratively preparing the 2. Identify school 2. List of school budget= 2,500
annual budget preparing the annual budget activities, activities/seminars
proposal. proposal. etc.
annual budget seminars and JHS current
proposal other travels. 3. Copy of last maintenance
3. Review last two two years budget= 3,500
years expenses expenses for
for benchmarking
benchmarking 4. Copies of
4. Furnish to items 1-3
stakeholders furnished to
copy of items stakeholders.
needing budget 5. Information
and copy of the about the
last two years approved fix
expenses, and date for
list of activities annual
5. Establish fixed budgeting
date for annual proposal
budgeting 6. Copy of
proposal budget
6. Actual proposal
budgeting 7. Copy of
7. To defend approved
budget for budget
approval received by
8. Furnish all stakeholders
stakeholders a with signature.
copy of
approved
annual budget.
3. A system for Innovate A quarterly budget 1. Identify April 2020 1.Copy of the Steps 1- No budget
preparing quarterly system for monitoring template to use finalized template 3=Finance needed
budget monitoring preparing quarterly performance for uniformity of 2.information Department
performance reports budget monitoring reports according quarterly about deadline of
and distributing the performance to policy budget report budget report Step 4-5= All
reports according to reports and guidelines. 2. Identify 3.Copy of stakeholders
policy guidelines. distributing the deadline of quarterly budget
reports according quarterly report
to policy guidelines. budget report 4. Copy of over or
3. Furnish copy of under spending of
quarterly approved budgets
budget report to 5.Copy of
stakeholders approved
4. Review actual justification of
expenditures over or under
against spending of
approved approved budget
budget and and copy of
policy explanation of
guidelines. violation of policy
5. Provide guidelines.
justification for
over or under
spending and
violation of
policy
guidelines
4. A system for ensuring Establish A A system for 1. Provide all
that budget proposal system for ensuring ensuring that stakeholders
items and procurement that budget budget proposal copy of SSIP
and requisition proposal items and items and 2.
procedure support the procurement and procurement and
achievement of the requisition requisition
Standards-based School procedure support procedure support
Improvement Plan. the achievement of the achievement
the Standards- of the Standards-
based School based School
Improvement Plan Improvement Plan
5. A system for ensuring 1.
that all incomes from
tuition and all other
fees, and donations are
properly utilized
according to the
purposes they are
collected.

6.A system for 1.

Prepared by:

Budget and Finance Committee

MR. NEAL MARVIN DACILLO

Approved by:

DR. GILBERTO F. MAGALLON