SWOT IN SCHOOL FINANCIAL MANAGEMENT

SWOT IN SCHOOL FINANCIAL MANAGEMENT A. SWOT analysis for school financial management The process of financial management in schools includes: 1) Budget planning, 2) Strategy for finding school funding sources, 3) Use of school finances, 4) Budget monitoring and evaluation, and 5) Accountability. (Andiawati, p.5) Income and expenditure of educational institutions/schools are regulated in the Draft School Revenue and Expenditure Budget (RAPBS), matters related to RAPBS include; Income (income/receipts), Use (expenditures), Accountability (reporting). (Andiawati, p.5). In other words, RAPBS is a school financial management plan. RAPBS is influenced by the mission and environmental factors of school education which are classified into internal and external environments. Thus, the SWOT analysis will focus on the preparation of RAPBS. The following is an example of internal and external factors at SMPN 1 Salatiga taken from the article by Ririn T. E. Margareta & Bambang Ismanto (2017) regarding School Financing Planning Strategy in Improving Quality in Public Junior High Schools. a) Internal School Environment • Strength: The school has a canteen and cooperative as other internal sources of income, Employee participation (not management) in managing financing, Student participation in school financing. • Weakness: Number of human resources managing school financing, Financing for competitions, Financing for procurement/repair of school facilities and infrastructure, Costs for teacher/honorary staff salaries. b) External School Environment • Opportunities: Routine funds from the Government and Regional Government, Role of committees and parents (for example, providing voluntary funds), Contributions/assistance from alumni. • Threats: The role of the government in the procurement of civil servants, Delays by the government and book publishers in realizing the procurement of 2013 Curriculum (K-13) books, Honorariums for teachers/honorary workers. B. Results of SWOT Analysis of School Strategic Thinking As previously discussed, strategic thinking is a plan that is prepared by considering various things related to what must be followed by the institution in different situations, such as how the institution's strategy responds to environmental changes or actions taken by others. So the results of the SWOT matrix analysis of strategic thinking include; • Forming an alumni group to raise funds to improve quality. • Making a priority scale with the committee related to the competition to be followed, • Communicating school needs to the committee in order to improve the quality of education • Holding training related to financial management for employees involved/assigned to manage finances, • Socializing how to care for the school's infrastructure. C. Results of SWOT Analysis of School Strategic Finance Thinking financially means paying attention to various aspects that can affect the finances of the institution or company. So the results of the SWOT analysis matrix on financial thinking include; • Adding sales variants needed by school residents • Submitting proposals to alumni to participate in competitions, holding school infrastructure, or teacher/honorary salaries, • Optimizing employee assistance (not management) in managing financing. By knowing the internal and external factors of the school towards the management of the RAPBS, we can create a SWOT matrix that functions to help make decisions both by thinking strategically and financially.