Through the years the APEC Schools Student Council had no responsibility for publishing the financial reports that they have during the term that they served. With this, it made the student council have low accountability and transparency to the students. Luckily, as mandated by the institution of APEC Schools the student council now is guided and under the constitutions and bylaws of the APEC Schools Student Council, and with this the student council now has different rules with regards to their duties and responsibilities and one of them is their finance. According to Article 8 (Finance), Section 6 of the APEC Schools Student Council constitution the Student Council, through the Treasurer and the Auditor, shall submit the financial report to the Prefect of Student Life and Development, the Lead Adviser, the Deputy Adviser, and the student body for publication in the Amplify Quarter 4 newsletter at the conclusion of each academic year.
As of the creation of this report on May 30, 2024, the current funds of the APEC Schools New Manila Student Council amount to ₱12,257.10. With that said, below are the more detailed Financial Report (Table 1) and Breakdown of Profit and Loss (Table 2) of the APEC Schools New Manila Student Council Financial Report as of May 30, 2024, for the school year 2023-2024. Presented below is the APEC Schools New Manila Student Council financial report for the school year 2023-2024. In Table 1 (Financial Report), the financial report covers all the expenses and revenue gained from the different income-generating projects and activities that the student council implemented at the start of the school year.
As is presented in Table 1, the student council started with a balance of ₱5,000.00 being passed over by the previous student council; this was then used to fund the different projects and activities of the student council. Over time, with the implementation of different income-generating activities like the recognition photoshoot, the Valentines activities, the Fun Week photo booth, and the SINAGTALA, the student council had accumulated an amount of ₱19,208.70. These accumulated funds are then used for the outreach program of the student council, titled Project IGNITE, where the student council donated different commodities that the DSWD Reception and Study Center for Children needed. With an expenditure of exactly ₱12,421.60, the student council was left with ₱6,787.10.
After that, the student council participated in the intersite tournament that required a contribution of ₱1,500.00, which left the student council with ₱5,287.10.
Proceeding, the student council organized a class picture taking for grades 7 to 11, which accumulated ₱7,050.00 in profit, making the student council funds ₱12,337.10.
Finally, as of May 30, 2024, the student council bought certificate papers amounting to ₱80.00, making the recent balance and cash at hand ₱12,257.10.
Along with that presented below is Table 2 (Breakdown of Profits and Loss) is the total breakdown of the cash in hand that the student council has; this calculates the total profit or loss of each project or activity that is implemented.
