Francisco M.  Espinosa, University of Mindanao, Davao city, The Philippines

The purpose of this study is to investigate about the performance of the teachers who were from the public high schools in General Santos City and the development of any educational sector while taking into consideration the management of its finances. Qualitative research design using phenomenological approach established how teachers as participants make meaning of financial management at their schools by doing analysis of the participants’ perceptions, attitudes, understanding, knowledge, values, feelings and experiences about their schools’ financial management. The total number of participants was 11 for the in-depth interview and six for the focus group discussion. The participants in this study are all currently teaching in government schools in General Santos City. Results highlighted that financial management practices of the school heads help schools to draw up a budget, set objectives, identifies the sources in terms of human resource, time allocation, teaching and learning materials and appropriate costing. To enable the principals manage financial resources more responsively to the performance and instructional needs of the teachers, it would be very crucial if school leaders like them get a continuous boost  of  their own professional development by acquiring relevant financial skills and abilities required to effectively manage resources in the school.

Keywords: Financial Management, Teaching Performance, School Heads, Funding System, Competence, General Santos City, Region XII, Philippines

Suggested citation: Espinosa, T. M. (2017). Financial management practices of school heads: teachers’ perspectives. Skyline Business Journal, Volume 13, Issue 1, pp 33-44.

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Espinosa, T. M. (2017). Financial management practices of school heads: teachers’ perspectives. Skyline Business Journal, Volume 13, Issue 1, pp 33-44.