School Heads’ Financial Management Practices

Abstract

This research determined the level of financial management practices of school heads in a first-class municipality in Negros Island Region in School Year 2026-2027 in terms of budget planning, budget execution, and budget accountability, and whether these practices vary based on the age and length of service of the respondents. A descriptive research design was used in which the respondents were the 188 teachers of the municipality. The data were gathered using a valid and reliable questionnaire and were treated using frequency, percentage, weighted mean, and Mann-Whitney U test. It was found that school heads were highly competent in terms of financial management, specifically in budget planning (M = 4.31), budget execution (M = 4.30), and budget accountability (M = 4.29). In addition, it was shown by the Mann-Whitney U test that there were no significant differences in any of the three areas since all the p-values were greater than the 0.05 significance level. The results show that school heads in the municipality are competent in terms of financial management regardless of age and length of service, as perceived by their teachers. The study concluded that school heads in the municipality possess consistent sound financial management practices irrespective of age or length of service, as perceived by their teachers.