Organizational Finance and Control

2. A.Revenue AdministRAtion
A. Government Revenues / School
Revenues
B. Sources of Funds of private and public
educational institutions

3. • GoveRnment Revenues
-money received by a government.
Revenues earned by the government are:
a. taxes
b. non-taxable sources

4. A. income tAx
– Individual- 5% to 32%.
– Corporate-30%.
For income tax purposes educational institutions are classified as:
a.proprietary educational institutions
b.non-stock, non-profit educational institutions institution
c.government educational institutions.

5. B. Business Taxes
– Value added tax (VAT)
– Percentage Tax
– Excise taxes
non TaxaBle sources
•Rents, concessions,and Fines collected (parking fines, court costson
criminal offenders)
•Fees for the granting or issuance of permits or licenses. Examples
include vehicle registration plate permits, vehicle registration fees, ,
building fees, driver's licenses, hunting and fishing licenses, fees for
professional licensing, fees for visas or passports, example
•Donations and voluntary contributions to the state

6. BATAS PAMBANSA BILANG 232
AN ACT PROVIDING FOR THE ESTABLISHMENT AND
MAINTENANCE OF AN INTEGRATED SYSTEM OF EDUCATION.
CHAPTER 5
School Finance and Assistance
A. FUNDING OF PUBLIC SCHOOLS
• Sec. 34. National Funds. — Public school shall
continue to be funded from national funds.
• Sec. 35. Financial Aid Assistance to Public Secondary
Schools. — The national government shall extend
financial aid and assistance to public secondary
schools established and maintained by local
governments, including barangay high schools.

7. • Sec. 36. Share of Local Government. —
Provinces, cities and municipalities and
barangays shall appropriate funds in
their annual budgets for the operation
and maintenance of public secondary
schools on the basis of national fund
participation.

8. • Sec. 38. Tuition and other School Fees.
— Secondary and post-secondary
schools may charge tuition and other
school fees, in order to improve facilities
or to accommodate more students.
• Sec. 39. Income from other Sources. —
Government-supported educational
institution may receive grants, legacies,
donations and gifts for purposes allowed
by existing laws.

9. B. FUNDING OF PRIVATE SCHOOLS
• Sec. 40. Funding of Private Schools. —
Private schools may be funded from their
capital investment or equity contributions,
tuition fees and other school charges, grants,
loans, subsidies, passive investment income
and income from other sources.

10. • Sec. 41. Government Assistance. — The
government, in recognition of their
complementary role in the educational
system, may provide aid to the programs of
private schools in the form of grants or
scholarships, or loans from government
financial institutions.
• Sec. 42. Tuition and Other Fees. — Each
private school shall determine its rate of
tuition and other school fees or charges.

11. • Sec. 43. Income from Other Sources. — Any
private school duly recognized by the
government, may receive any grant and
legacy, donation, gift, bequest or devise from
any individual, institution, corporation,
foundation, trust of philanthropic
organization, or research institution or
organization as may be authorized by law.

12. • Sec. 47. Relating to Gifts or Donations to
Schools. — All gifts or donation in favor of any
school, college or university recognized by the
Government shall not be subject to tax; Provided,
That such gifts or donations shall be for
improvement of classrooms and laboratory of
library facilities, and shall not inure to the benefit
of any officer, director, official, or owner or
owners of the school, or paid out as salary,
adjustments or allowance of any form or nature
whatsoever, except in support of faculty and/or
professorial chairs.