Development of financial management plan for Tambang Waterworks Cooperative
Abstract
This research focuses on developing a financial management plan for the Tambang Waterworks Cooperative, a community water provider in Barangay Tambang, Tinambac, Camarines Sur. The cooperative faces significant challenges, including financial constraints, inadequate manpower, and limited facilities, which have resulted in unstable water services and compromised water quality. The primary objective of this study is to formulate a comprehensive financial management plan that addresses these challenges. The plan focuses on optimizing resource allocation, improving operational efficiency, and ensuring financial sustainability. It highlights the interconnectedness between operational efficiency and the challenges the cooperative faces. The research provides actionable recommendations to support the cooperative's long-term viability and service reliability through surveys and financial analysis. The financial management plan will serve as a roadmap for the cooperative to achieve sustainable operations and improve the quality of life for its stakeholders by ensuring continuous access to safe water.
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References
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