Gyeongbuk Provincial Office of Education Awarded 'Best Institution' in Ministry of Education's Local Education Finance Evaluation

Goryeong Seongsan Middle School Selected as an Excellent Institution for School Accounting Efficiency 'Double Celebration'

Gyeongbuk Office of Education building.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] The Gyeongbuk Provincial Office of Education announced on the 18th that it was selected as the 'Best Institution' in the 2020 Local Education Finance Analysis Evaluation hosted by the Ministry of Education. Goryeong Seongsan Middle School was selected as an excellent institution for the efficiency of public and private school accounts.

The Ministry of Education, in accordance with the 'Local Finance Act,' annually analyzes local education finances for 17 city and provincial offices of education to improve the soundness and efficiency of financial management and announces outstanding institutions.

The local education finance analysis measures the financial management performance of the 2019 fiscal year using a total of 17 indicators. The Gyeongbuk Office of Education scored 167.43 out of 190 points, being selected as the best institution in the provincial area.

In particular, the delinquency rate, execution rate of total personnel expenses for educational public officials, ratio of purpose-specific expenses in public schools, and the ratio of unused funds were significantly lower than the national and provincial averages. On the other hand, the interest income ratio and the ratio of unused school account funds were identified as areas needing improvement.

Goryeong Seongsan Middle School, selected as an excellent institution for school account efficiency nationwide, was evaluated to have greatly contributed to improving financial soundness through the introduction of budget responsibility by business department and conducting frequent consulting for faculty and staff on overall school accounts.

Superintendent Lim Jong-sik emphasized, "This achievement is very meaningful as it was accomplished in a situation where the scale of the next year's main budget is decreasing and supplementary budget cuts are being made this year, worsening the educational financial conditions."

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