VMUF Sports Facilities Feasibility Study

1
Virgen Milagrosa University Foundation

“The Home of God-Loving and Globally Competent Individuals”
Martin P. Posadas Avenue, San Carlos City, Pangasinan, 2420, Philippine
GRADUATE SCHOOL
FEASIBILITY STUDY ON PROMOTING VIRGEN MILAGROSA UNIVERSITY
FOUNDATION THROUGH IMPROVEMENT OF SPORTS FACILITIES
A Feasibility Study
Presented to
The Faculty of the Graduate School
Virgen Milagrosa university Foundation
San Carlos City, Pangasinan
In Partial Fulfilment
of the Requirements for the Degree
Master in Business Administration
SYREL SANICOLAS OLERMO
2017
2
GRADUATE SCHOOL
APPROVAL SHEET
This feasibility study in Feasibility Study on Promoting Virgen
Milagrosa University Foundation through Improvement of Sports Facilities
has been prepared and submitted by SYREL SANICOLAS OLERMO in partial
fulfillment of the requirements for the degree of MASTER IN BUSINESS
ADMINISTRATION is hereby recommended for Oral Examination.
MICHAEL D. ARMAS, CPA, MBA, REA

Adviser
Approved by the Defense Panel on December 16, 2017 with the grade of 94.
JOSE EMMANUEL C. MANDAPAT, D.A.

Chairman
MARCELO G. PAZ, MBA, Ph.D EFREN Y. IGNACIO, MSIT, Ph.D.

Member Member
Accepted in partial fulfillment of the requirements for the degree of MASTER in

BUSINESS Administration.
MA. LILIA P. JUAN, M.D, FPCH JOSE EMMANUEL C. MANDAPAT, D.A

President VMUF Dean
3
GRADUATE SCHOOL
ACKNOWLEDGMENT
The researcher would like to express his sincerest gratitude and
appreciation to those people who through their unending encouragement,
support, motivation and inspiration made the completion of this study.
To God, our Father, for giving me the strength, determination,
perseverance knowledge and wisdom to continue and finish my studies and for
the overflowing blessings He bestowed upon me.
To my adviser Dean Michael Armas for his time and patience in answering
my queries and also for giving me pieces of advice with regard to my study.
To Dean Jose Emmanuel Mandapat for providing additional knowledge in
finishing my research.
To my friend, Ray Vincent Chan, for his support, knowledge and
assistance in finishing the research expeditiously.
To my family for their never-ending care, love and encouragement all
throughout my study.
To my friends and my fellow classmates for the support and laughter they
brought, where they made studying enjoyable.

4
GRADUATE SCHOOL
TABLE OF CONTENTS
CHAPTER I: EXECUTIVE SUMMARY 1

Introduction 1
Vision 4
Mission 4
Project Background 4
Project Profile 4
Objectives of the Study 5
Methodology 6
Research Design 6
Instrumentation and Data Gathering 6
Tools for Data Analysis 7
CHAPTER II: MARKETING ASPECT 9
Description of the Study 9
Location 9
Market Area 11
Sports Facilities of Virgen Milagrosa University Foundation 12
Market Share 17
Price Strategy 18
Demand and Supply Analysis 18
Survey Analysis 21
Marketing Program 21
Promotional Strategies 22
SWOT Analysis 22
CHAPTER III: TECHNICAL ASPECT 29
Process Flow 29
Cost of Improvements 36
Gantt Chart 38
CHAPTER IV: MANAGEMENT ASPECT 39
Form of Business Organization 39
Government Regulation 39
Policies and Standards 41
CHAPTER V: FINANCIAL ASPECT 42
Financial Assumption 42
Project Cost 46
Major Assumptions 46
Financial Statements 47
Notes to Financial Statements 51
Financial Ratios 52
5
GRADUATE SCHOOL
CHAPTER VI: SOCIO – ECONOMIC ASPECT 58

Significance of the Study 58
CHAPTER VII: SUMMARY, CONCLUSIONS AND RECOMMENDATIONS 59
BIBLIOGRAPHY 62
CURRICULUM VITAE 63
LIST OF TABLES
Table 1: Major Competitors in Pangasinan 10

Table 2: Average Graduating Students to Enter College 19
Table 3: List of Sports Facilities with its Competitors 20
Table 4: Competitive Profile Matrix 23
Table 5: Detailed Estimate for Construction of Covered Court in VMUF 33
Table 6: Purchase of New Equipment 36
Table 7: Improvement of Basketball Court, Volleyball Court,
Lawn Tennis Court, Jumping Pit and Additional Badminton
Court beside Track Oval 36
Table 8: Estimated Salaries 37
Table 9: Computation of Annual Salaries 42
Table 10: Computation of Annual Depreciation 44
Table 11: Scheduled date for the Remittance of SSS Contributions 45
Table 12: Total Project Cost 46
Table 13: Projected Statement of Financial Performance 47
Table 14: Projected Statement of Financial Position 48
Table 15: Projected Statement of Cash Flows 49
Table 16: Projected Statement of Retained Earnings 50
Table 17: Receipts Forecast 52
Table 18: Schedule of Depreciation 53
Table 19: Computation of Return on Investment 56
Table 20: Payback Period Computation 57
LIST OF FIGURES
Market Share of VMUF and its Competitors 17
Flowchart – Fees from Students to Disbursement 30
Flowchart – Fees from Rent of Sports Facilities 31
Organizational Structure 40
1
GRADUATE SCHOOL
CHAPTER I
EXECUTIVE SUMMARY
Introduction
For a long time, sports have been viewed as a way to stay healthy and in
shape, but their importance goes much further. Playing sports teaches life
lessons like discipline, responsibility, self-confidence, accountability, and
teamwork. Playing sports helps your brain grow and makes it work better.
For the students, exercising is a great way to get out of the stressful
college life that is all about homework, presentations, and group projects. Playing
sports helps students relax and reduce their anxiety. Health care professionals
recommend physical activity as a key ingredient to any stress-management
activity.
Playing college sports has some serious benefits. Besides just being fun,
sports can help you perform better in school, relax more and worry less, deal with
setbacks, work better with others and increase your energy — all of which helps
you balance school and everything else going on in your life. – (Amir Ianis
KHELIL ’15 MS)
Sports forms an aspect of physical education. These are activities done for
enjoyment during leisure hours and they involve competition. Institutions with
good sports program attract more enrollees than similar institution that do not
participate in sports competition. The existence of sports facilities and equipment
is of vital importance in the conduct of physical education, intramural sports and

2
GRADUATE SCHOOL
other sports programs. Sports facilities connote permanent structures built for
sporting activities such as athletic track, stadia, basketball court, lawn tennis
courts, squash court, gymnasium, among others. Sports equipment on the other
hand refer to those disposal items used in sports such as horizontal bars, weight
lifting materials, basketball posts, hockey posts, among others. (Ogundairo 2010)
The World Health Organization highlighted that schools have a significant
contribution to make in effecting an improvement in students’ health and
behaviour. Parallel to this, Armstrong and McManus found that managers of
physical education departments considered that health-related fitness "was the
second most important objective of physical education" with happiness of
students rated as their prime objective. Martens has strongly emphasized that
practitioners’ major aim should be to "turn young people on to physical activity for
a lifetime" Alexandrov’s findings, meanwhile, confirmed the statistically significant
positive effects physical education has on blood cholesterol, thereby, reducing
blood pressure and heart diseases, while Strong et al. argue that as school
becomes increasingly the center for promoting physical activities, physical
education has an important role in improving psychological health and mood, and
in reducing blood pressure and thereby preventing or reducing various diseases.
Universities or Colleges in Region 1 uses it sports program to create
impact and to affect the decisions of the enrollees. Virgen Milagrosa University
Foundation (VMUF) is one of the institutions that has sports programs and also
participates in sports competition. Sport facilities are present but maintenance to

3
GRADUATE SCHOOL
those facilities was not fully implemented. Sports equipment are also in poor
state and inadequate.
The institution provides athletic grants or financial support to its student
athletes. These athletes will compete not only in the regional but also in the
national games. They also help define and promote their institutional identity by
creating legacies and bagging medals for their school.
As former student-athlete, it was noted that students from elementary to
graduate school are participating in sports activities. Despite the presence of
sports program and achievements from various athletic events, the institution is
still lacking in sports facilities and equipment to fully implement its sports
program. It is for this reason that the proponent arrived at the idea on enhancing
the VMUF sports program through its sports facilities and equipment. This
proposal may help the institution in:
1. Improving the facilities and equipment.
2. Implementing its sports program.
3. Looking and helping potential athletes.
4. Motivating student to become fit.
5. Increasing enrollees.
6. Increasing engagement to be a sports competition venue.
Moreover, the proposal will not only be for the benefit of the students but
also to the community near VMUF.

4
GRADUATE SCHOOL
Vision
To be the best provider of competence and excellence in sports in Region
One.
Mission
To help students to balance academe and sports by enhancing sports
program.
Project background
The researcher who came from a family of farmer was once an athletic
scholar of VMUF who decided to take up Bachelor of Science in Accountancy.
Despite the time constraint between academic and sports, he still managed to
finish his Degree.
As a former student athlete, he used the sports facilities and equipment of
his Alma Mater and summed up that those facilities are not in good condition and
equipment are in poor state thereby trainings or practices were reduced and
sometimes made impossible. As a result, the idea of enhancing sports program
was formed. Its goal is to provide students with standard sports venue for playing
and for relaxing.
Project profile
The proposed study on improving sports facilities and equipment will
enhance the quality of sports in VMUF, and also to attract student athletes to
VMUF, an aspect of the new strategy. VMUF hopes to place more emphasis on
attracting student athletes, providing them with better healthcare,

5
GRADUATE SCHOOL
accommodation, and catering, as well as tempting scholarship packages. The
study shall be entitled “Feasibility Study on Promoting Virgen Milagrosa
University Foundation through Improvement of Sports Facilities”. The
proposed study can help VMUF to be the venue of different sports event which
can give additional income to the institution.
Objectives of the study
The primary objective of the study is to determine the feasibility to
enhance its sports program through sports facilities and equipment and giving
athletic grants or scholarship to attract more students.
With regard to the secondary objectives, they are as follows:
1. To identify sports facilities and equipment available.
2. To identify sports facilities and equipment to be added.
3. To identify sports facilities for repairs.
4. To identify ways to maintain the condition of the sports facilities and
equipment.
5. To identify potential market.
6. To determine existing competitors.
7. To analyze the strengths, weaknesses, opportunities and threats of the
proposed study; and
8. To analyze the different aspects of the proposed study such as
marketing, technical, management, financial and socio-economic.

6
GRADUATE SCHOOL
Methodology
Methodology refers to the method and procedures that will be adopted in
the conduct of the study. It discusses the method of research to be used, the
data gathering instrument, administration of the instrument and statistical
treatment of data.
Research design
This type of research describes what exists and may help to uncover new
facts and meaning. The purpose of descriptive research is to, observe, describe,
document aspects of a situation as it naturally occurs. (Polit & Hungler 1999)
The research design of the study is a survey design. The researched was
designed that it captures the true situation on ground and permits a clear
interpretation and findings. In this study, the researcher is aware of the conditions
of the facilities and equipment of VMUF, the concerns of the athletes and
experiences of the students that can be used in the possibility of enhancing
sports program through sports facilities and equipment to attract more students.
Instrumentation and data gathering

The instrument of data collection for the study includes the following:
1. Questionnaire
The researcher designed questionnaire that would be used to find out
students who used to play sports, does sports facilities and equipment
affect their decision in choosing their schools, the satisfaction level of

7
GRADUATE SCHOOL
VMUF students on current sports program and sports facilities and
equipment, and the recommendations.
The respondents for the study are students from different Senior High
Schools within Pangasinan. They are chosen randomly based on the
population of the Senior High School students from each school
selected including VMUF.
2. Interviews
An oral interview was held with some staff of the school especially
those in sports department. The method that was adopted during the
interview was discussion approach.
Interview is conducted to determine the concerns of the school which
includes the facilities that needs to be repaired, improvements that
should be undertaken, the maintenance required for each facility and
the equipment that should be purchased.
3. Personal Observations
Personal observation was carried out by the researcher in order to fully
understand the idea of the topic under study.
In connection with the interview to be conducted, data gathered will be
confirmed through observations. The facilities that need to be
addressed and the potential areas where new facilities can be
constructed.
8
GRADUATE SCHOOL
The distribution and collection of the questionnaire lasted for 5 days. A
total of 100 questionnaires were answered. The researcher, with the permission
of the respondents themselves, administered the questionnaire to them. The
respondents were graduating students from senior high school and college
students.
Interviews were conducted personally and discussions were noted.
Question includes the current conditions of the facilities and equipment, the
concerns of the athletes and their recommendations.
The necessary data were gathered and the accumulated data from the
analysis of the responses on the questionnaires distributed were tallied,
tabulated and collated using appropriate statistical tools.
The identities of the respondents were kept confidential as stated in the
questionnaires distributed.
Tools for data analysis

The researcher had decided to prepare 100 survey questionnaires which were
distributed to the respondents. Item analysis was used to analyze survey data.
The responses were tallied and tabulated to determine the answers to the
survey. The mean and weighted mean was used to analyze the data gathered in
the survey.
9
GRADUATE SCHOOL
CHAPTER II
MARKETING ASPECT
Marketing is a very important aspect in business since it contributes
greatly to the success of the organization. VMUF aims to increase its enrollees
by enhancing its resources. One of its potential front liners to its market is its
sports facilities.
The target market is the students from senior high school of different
schools in San Carlos City in order to provide them the sports facilities that they
need.
Description of the study
The study shall be entitled “Feasibility Study on Promoting Virgen
Milagrosa University Foundation through Improvement of its Sports Facilities”
The proponent chose the study to provide the needs of the students in
relation to sporting activities. The recommended improvements will be in
coordination with the Management, the sports program coordinator, the
marketing and communications department, and the head of Maintenance and
Engineering Department.
Comparison of sports facilities and equipment with competitors

Table 1 presents the list of Major Competitors within San Carlos City and
nearby Municipalities and Cities as indicated in the survey. It shows the list of
schools with sports facilities. All enumerated schools are near the target market
10
GRADUATE SCHOOL
therefore included as competitor and they are also mentioned in the conducted
survey.
In San Carlos City, only VMUF, PSU and SCC have sports facilities offered
to its student and VMUF have the most facilities. Thus, making VMUF active in
sports competitions compared to the other schools.
VMUF, UL and PAMMA offers athletic scholarship to deserving athletes
based on interview conducted to the sports coordinator and coaches of VMUF.
Table 1
Major Competitors in Pangasinan
NAME OF SCHOOL ADDRESS

Mabini St, San Carlos City,
San Carlos College (SCC)
Pangasinan
Pangasinan State University- Roxas Blvd., San Carlos City,
San Carlos City Campus Pangasinan
(PSU)
Philippine College of Science Old Nalsian Road,
and Technology (PHILCST) Calasiao, Pangasinan
Perez Blvd, Dagupan City,
University of Luzon (UL)
Pangasinan
University of Pangasinan- Arellano St, Dagupan City,
PHINMA (UPANG) Pangasinan
Lyceum Northwestern Tapuac, DagupanCity,
Universtiy-Dagupan (LNU) Pangasinan
Arellano St, Dagupan City,
Colegio de Dagupan (CDD)
Pangasinan
Pangasinan Merchant Marine Perez Blvd, Dagupan City,
Academy-Dagupan (PAMMA) Pangasinan
11
GRADUATE SCHOOL
Location
VMUF covers 19 hectares land area in Long Taloy district, San Carlos
City, Pangasinan, about 200 km, north of Manila, the capital of the Philippines.
Market area
The potential target market captures growing number of senior high school
graduates from public and private schools within San Carlos City, Pangasinan.
The study is conducted to determine the additional numbers of enrollees
VMUF can increase through improving its sports facilities and equipment to
satisfy the needs of its students.

12
GRADUATE SCHOOL
Sports Facilities of VMUF
Photos represent Sports facilities of VMUF at its current condition.
Basketball Court
13
GRADUATE SCHOOL
Jumping Pit
Grandstand
14
GRADUATE SCHOOL
Lawn Tennis Court
Soccer Field
15
GRADUATE SCHOOL
Sepak Takraw Court
Track Oval
16
GRADUATE SCHOOL
Volleyball Court
17
GRADUATE SCHOOL
Market share
Market share refers to a company's portion of sales within the entire
market in which it operates. This measure indicates a company's size within its
market.
Figure 1 shows the current market share of VMUF before the
improvement of its sports facilities. The percentages shown for the competitors
were based on the answers of the respondents during the survey. The total
market share of the competitors is eighty-two percent (78%) while VMUF is at
Twenty-Two (22%)
The proponent of the study aims to have twenty-seven percent (27%) market
share at the end of five years or an additional five percent (5%), or an increase of
one percent (1%) per year.
FIGURE 1
MARKET SHARE OF VMUF AND ITS COMPETITORS

18
GRADUATE SCHOOL
Enrollees
VMUF; 22.00%
Others; 28.00%
LNU; 12.00% PSU; 24.00%
SCC; 14.00%
Price strategy
The survey result says, most of the students are willing to pay for the
usage and maintenance of the sports facilities. P100 per semester will be a
reasonable amount. In addition to the maintenance fees, the students have been
paying P80 tickets in the prior years which is allocated for construction of the
Gym. Upon the construction of the Gym, rental fees will be collected from those
who wish to use it as a function hall for weddings, gatherings or even sporting
events depending on the volume of people or organization who will use it.
Demand and supply analysis
Demand
An analysis of the demand is part of an important task in identifying the
needs of the customers and possibility the market share.

19
GRADUATE SCHOOL
A survey was conducted to gather information about the need, wants and
recommendations of the students regarding the sports facilities and equipment.
Senior High Schools in San Carlos City are the main market of the study
and the data presented below are being used for demand and supply analysis
and relevant information.
Table 2 shows the average number of students of the different schools
graduating from the senior high school. The list enumerated below covers almost
all the schools situated within San Carlos City, Pangasinan.

20
GRADUATE SCHOOL
Table 2
Average Graduating Students to enter College
AVERAGE
NO. OF
SCHOOL NAME ADDRESS
GRADUATING
STUDENTS
Abanon National High School Abanon, San Carlos City 162
Agdao IS Agdao, San Carlos City 44
Bacnar National High School Bacnar, San Carlos City 37
Bolingit National High School Bolingit, San Carlos City 14
Cobol National High School Cobol, San Carlos City 45
Coliling National High School Coliling, San Carlos 52
Doyong National High School Doyong, San Carlos City 50
Guelew IS Guelew, San Carlos City 52
Libas National High School Libas, San Carlos City 40
Lilimasan National High School Lilimasan, San Carlos City 35
Mabalbalino National High Mabalbalin, San Carlos
46
School City o
Malacanang National High Malacanang, San Carlos
48
School City
Pangalangan National High Pangalangan, San Carlos
94
School City
Salinap National High School Salinap, San Carlos City 36
Brgy.Roxas Blvd. San
SEPNAS 670
Carlos City
Tamayo National High School Tamayo, San Carlos City 61
Tandoc National High School Tandoc San Carlos City 107
Tarece National High School Tarace, San Carlos City 35
Turac National High School Turac, San Carlos City 109
Brgy.Malong St., San
St. Charles Academy 197
Carlos City
VM Special Science High
Martin Posadas Avenue,
School, San Louis 519
Talang San Carlos City
Saint Dominic High School
TOTAL 2534
Note: Total number of students to enter in college.
21
GRADUATE SCHOOL
Supply analysis
Table 3 shows the facilities of different competitors along with VMUF.
Schools other than VMUF have limited sports facilities due to insufficient space in their campuses. Only VMUF has
its own track oval and spacious courts. It is also being used for sports program and as a venue for sporting events
within the city.
Table 3
List of Sports Facilities with its Competitors
Facilities
Stadium/ Basketball Volleyball Athletic Tennis Soccer / Badminton Sepak
Long
Covered Court Court Track Court Football Court Takraw
Jump
Gym/Gra Field Court
Pit
ndstand
Schools
VMUF         
PSU    
SCC     
PHILCST
UL    
UPANG    
LNU       
PAMMA    
CDD     
22
GRADUATE SCHOOL
Survey analysis
The survey: conducted showed the following results:
1. Almost all of the respondents are interested in sports.
2. Most of the students play team sports.
3. Most number of students says that the sports facilities of their
schools are in fair condition.
4. Most of the students would continue their studies in college and
considering the sports facilities of an institution in choosing their
school.
5. Most of the students from VMUF said that they are dissatisfied with
the current condition of the sports facilities.
6. Most of the students from VMUF are willing to pay additional fees
for improvement and maintenance of the sports facilities.
Marketing program
It is essential for any business to come up with a good marketing strategy.
This will be achieved by understanding the internal and external strengths as well
as weaknesses including the competitive environment. With the right marketing
tools, best results can be attained with the end in view of realizing the mission
and vision of the study.

23
GRADUATE SCHOOL
Promotional strategies
Contests or Competitions in the field of sports are a frequently used
promotional strategy. Many contests do not even require a purchase. People like
to win prizes. Winning in such competitions can bring attention without company
overtness
Scholarship grants as part of promotional strategies persuades student to
enroll and avail the benefit that helps increase enrollees.
School to school and inter-school orientation also provides knowledge to
students about the benefits provided by VMUF.
There is a need to post tarpaulins inside VMUF campus and of course
through social media and word of mouth which are very powerful tools in the
advertisement of any business.
SWOT Analysis
The SWOT Analysis provides information on the strengths and weaknesses of
VMUF in connection to its sports facilities as well as the opportunities and threats
that exist in the environment. This analysis gives insights relative to the areas to
be leveraged and points out where it must be improved within the company,
industry and market.

24
GRADUATE SCHOOL
Table 4
Competitive Profile Matrix
FACTORS WEIGHT VMUF WEIGHT SCC WEIGHT PSU WEIGHT LNU

WEIGHT
Number of students 0.15 3 0.45 3 0.45 4 0.60 4 0.60
Sports Facilities 0.15 4 0.60 2 0.30 2 0.30 3 0.45
Sports Competition 0.15 4 0.60 2 0.30 2 0.30 3 0.45
Sports Title 0.15 4 0.60 3 0.45 3 0.45 3 0.45
Promotional strategies 0.15 2 0.30 3 0.45 3 0.45 3 0.45
Appropriate location 0.10 4 0.60 4 0.60 4 0.60 2

0.30
Potential Athletes 0.15 4 0.60 4 0.60 3 0.45 4 0.60
TOTAL 1 3.75 3.15 3.15 3.30

Note: (1) The rating values are as follows: 1 = major weakness, 2 = minor weakness, 3 = minor strength, 4 = major strength.
(2) As indicated by the total weighted average of 3.15, SCC and PSU are the weakest.
25
GRADUATE SCHOOL
Based on keen observation, survey and experience as a former student-
athlete of VMUF, the researcher had come out for the possible key internal and
external as identified in the internal- and external-audit process.
1. Internal Environment Analysis
Strengths Weight Rating Weighted Score

Accessible to target
0.15 4 0.60
market
Widest campus in
region 1 with Track 0.15 4 0.60
Oval and courts
Active participation
to sports 0.15 4 0.60
competition
Home of National
Games Medalist
0.10 3 0.30
coaches and
athletes
History of
successful sporting 0.10 3 0.30
events
26
GRADUATE SCHOOL
Weaknesses Weight Rating Weighted Score
Limited sports
equipment 0.10 2 0.20
Sports facilities in
poor condition 0.05 2 0.10
Insufficient
maintenance of the 0.05 1 0.05
facilities
Insufficient
involvement from
sports coordinator 0.10 1 0.10
Insufficient
promotional 0.05 1 0.05
strategies
TOTAL 1.00 2.96
Note: (1) The weight ranges from 0.0 (not important) to 1.0 (very important). (2) The rating
values are as follows: 1 = major weakness, 2 = minor weakness, 3 = minor strength, 4 = major
strength. (3) Total weighted scores well below 2.50 characterizes organizations that are weak
internally. As computed, VMUF has weighted score of 2.90 which indicates a strong internal
position.
27
GRADUATE SCHOOL
2. External Environment Analysis
Opportunities Weight Rating Weighted Score
1. Existence of
good number
of graduates 0.20 4 0.80
from high
schools.
2. Improvement of
facilities
0.20 4 0.80
through
contributions
3. Students
Increasing
active 0.10 3 0.30
participation in
sports activities
4. Increasing
health 0.10 3 0.30
awareness
28
GRADUATE SCHOOL
Threats Weight Rating Weighted Score
Improvement of sports
facilities of the 0.10 2 0.20
competitors
Increasing number of
schools joining sports 0.10 2 0.20
competition
Competitors
aggressive marketing 0.10 2 0.20
strategies
Preference of
individuals/ students
0.10 1 0.10
to enroll at other
schools
TOTAL 1.00 2.90
Note: (1) The weight ranges from 0.0 (not important) to 1.0 (very important). (2) The rating values
are as follows: 4 = the response is superior, 3 = the response is above average, 2 = the response
is average, 1 = the response is poor. (3) The average total weighted score is 2.50. As computed,
the weighted score of 2.90 indicates that VMUF is responding in an outstanding way to existing
opportunities and threats in its business line.
29
GRADUATE SCHOOL
SWOT ANALYSIS
STRENGTHS WEAKNESSES
1. Accessible to the target 1. Limited sports equipment
market 2. Sports facilities in poor condition
2. Widest campus in region 3. Insufficient maintenance of the
1 with Track Oval and facilities
courts 4. Insufficient involvement from
3. Active participation to sports coordinator
sports competition 5. Insufficient promotional strategies
4. Home of National Games
Medalist coaches and
athletes
5. History of successful
sporting events.
OPPORTUNITIES SO STRATEGIES WO STRATEGIES
1. Existence of a good 1. Improvement of sports 1. Management supervision on its
number of graduates from facilities to for student sports facilities.(W3,W4,O1,O2)
high schools. recreation or fitness and 2. Improvements of facilities and
2. Improvement of facilities increase engagement as equipment through contributions
through contributions venue for sporting added to Miscellaneous Fees.
3. Students Increasing active competitions.(S2,S5,O2) (W1,W2,W3,W5,O1,02)
participation in sports 2. Participation to FUNRUN 3. Increase staff for maintenance and
activities organized by management of facilities. (S2,W4)
4. Increasing health Government Office or
awareness Organizations.
(S3,S4,O3,O4)
THREATS ST STRATEGIES WT STRATEGIES
1. Improvement of sports 1. Increase number of 1. Increase promotional
facilities of the competitors athletes to join advertisement.(W1-W5,T1-T4)
2. Increasing number of competition as a new 2. Management action to improve its
schools joining sports strategy to make VMUF sports facilities and equipment for
competition known.(S2, S4,T2,T3,T4) properly training of the athletes.
3. Competitors aggressive 2. Increase promotional (T1,T2,T4,W1,W2,W4)
marketing strategies advertisement.(S1-S5,T1-
4. Preference of individuals/ T4)
students to enroll at other
schools
30
GRADUATE SCHOOL
CHAPTER III
TECHNICAL ASPECT
This chapter discusses the processes and activities of the proposed study.
It states all the capital outlays and costs to be incurred for the project. Processes
are presented in a flowchart and capitalizable costs together with the expenses
are enumerated with their corresponding amount.
Process flow
The following algorithm presents the process of cost allocation for
maintenance and improvements of the sports facilities of VMUF.
1. The students pay their miscellaneous fees to the cashier.
2. The cashier forwards the summary of collections to the finance
department.
3. The finance department prepares budget for the maintenance and
improvements of sports facilities then forwards to the board for
approval.
4. The board of trustees approves the budget then forwards to the
finance department.
5. The finance department then designates the budget to
maintenance department.
6. The maintenance department the coordinates with the Sports
Director on the list of improvements to be made.

31
GRADUATE SCHOOL
FLOWCHART-FEES FROM STUDENTS TO DISDURSEMENT
Start
Students pay Misc. Fees
Cashier forwards
summary of collections
Finance prepares Budget
Finance forwards budget

to Board
Board of Trustees
Approves Budget
Board Forwards to
Finance
Finance designates
budget to Maintenance
Maintenance coordinates
with Sports Director
End
32
GRADUATE SCHOOL
FLOWCHART-FEES FROM RENT OF SPORTS FACILITIES
Start
Lessor pay the rent
Cashier receives payment and

issues Official Receipt
Cashier forwards
summary of
collections
Finance prepares
Budget
Finance forwards
budget to Board
Board Approves
Budget
Board Forwards to
Finance
Finance
designates budget
to Maintenance
Maintenance
coordinates with
Sports Director
End
33
GRADUATE SCHOOL
CONSTRUCTION OF COVERED COURT

34
GRADUATE SCHOOL
Table 5
Detailed Estimate for the Construction of Covered Court at Virgen Milagrosa Universty Foundation
EARTHWORKS
A. MATERIAL COST Quantity Unit Unit Price Total
Mixed Sand and Gravel 78.4 cu. m. 400.00 31,360.00
Boulders 4.83 cu. m. 700.00 3,381.00
B. Labor Cost ( includes labor of excavation) Number days Rate
Project Engineer 1 15 645.00 9,675.00
Construction Foreman 1 15 525.00 7,875.00
Unskilled 8 15 294.00 35,280.00
C. Equipment Number days Rate
Road Roller 1 2 4,912.00 9,824.00
REINFORCING STEEL BARS
A. MATERIAL COST Quantity Unit Unit Price
16mm,12mm,10mm,Corr.RSB 2889 kgs. 55.00 158,895.00
G.I. Tie wire #16 2 rolls 1,800.00 3,600.00
B. LABOR COST Number days Unit Price
Skilled 4 8 380.00 12,160.00
Unskilled 6 8 294.00 14,112.00
CONCRETE AND MASONRY WORK
A. MATERIAL COST Quantity Unit Unit Price
Portland Cement 640 bags 240.00 153,600.00
35
GRADUATE SCHOOL
Screened Gravel 67 cu. m. 600.00 40,200.00

Washed Sand 36 cu. m. 550.00 9,800.00
4'' X 6'' X 16'' CHB 546 pcs 10.00 5,460.00
Formworks/Hardwares 1 lot 7,500.00 7,500.00
B. LABOR COST Number days Rate
Skilled 4 16 380.00 24,320.00
Unskilled 10 16 294.00 47,040.00
Concrete Mixer (1 Bagger) 1 16 800.00 12,000.00
STEEL WORKS
A. MATERIAL COST Quantity Unit Unit
Price
1/4''X3''X3'' & 1/4''X2''X2'' Lbars 6692 kilos 55.00 368,060.00
12mmX350mmX450mm Steel Plate 14 pcs. 700.00 9,800.00
16mmx300mmMachine Bolts 84 pcs. 250.00 21,000.00
Welding Rod 50 kilos 100.00 5,000.00
Electric Cutter Blade 12 pcs. 600.00 7,200.00
QDE paint 6 gal 650.00 3,900.00
Painting Accessories 1 lot 2,482.00 2,482.00
B. LABOR COST Number days Rate
Skilled 4 18 380.00 27,360.00
Unskilled 8 18 294.00 42,336.00
36
GRADUATE SCHOOL
Boom Truck 1 3 6,000.00 18,000.00

Welding Machine 1 18 600.00 10,800.00
Electric Cutter 2 18 250.00 9,000.00
Overhead Contingency and Miscellaneous 329,840.00
SUMMARY OF COST
A. EARTHWORKS 97,395.00
B. REINFORCING STEEL BARS 198,127.00
C. CONCRETE AND MASONRY WORK 328,640.00
D. STEEL WORKS 545,998.00
E. OVERHEAD CONTINGENCY AND MISCELLANEOUS 329,840.00
TOTAL ESTIMATED COST 1,500,000.00
37
GRADUATE SCHOOL
Equipment
The table below presents the new equipment to be purchased for the
improvement of the sports facilities:
Table 6
Purchase of New Equipment
Equipment Quantity Unit Cost Total Cost

Volleyball Nets and 2 3500 7,000
poles
Sepak Takraw net 1 2500 2500
and pole
Sepak Takraw balls 3 585 1,755
Total 11,255
Cost of improvements
The table below presents the cost of improvements for the following sports
facilities:
Table 7
Improvement of Basketball courts, Volleyball courts, lawn tennis court,
Sepak Takraw court, Jumping Pit and Additional Badminton Court beside
Track Oval
Materials Quantity Cost/Quantity Total Cost

Portland Cement 1,874 240 449,770.00
Mixed Sand and
254cu.m. P 1,100 / elf truck 93,840.00
Gravel
Elastomeric Paint
18 560 10,080.00
Brown
Elastomeric Paint 2 560 1,120.00
38
GRADUATE SCHOOL
Materials Quantity Cost/Quantity Total Cost

Blue
Elastomeric Paint
1 560 560.00
White
Elastomeric Paint
2 560 1,120.00
White
Roller Paint with
4 90 360.00
pail
Paint Brush # 3 2 75 150.00
TOTAL 557,000.00
COST OF REPAIR OF COURT FLOORING

Area of 140m X 35m
MATERIALS 557,000
LABOR (40% of Materials) 222,800.00
Total Cost 779,800.00
Salaries
The table below presents the additional salaries to be incurred with the
corresponding increase in the personnel dedicated for maintenance of the sports
facilities:
Table 8
Estimated Salaries
No. of SSS Contrib. Pag-ibig Philhealth

Monthly Net
Position Perso Salary ER EE ER EE ER EE
Salary Salary
nnel
Maintenance
6,000 1 72,000 5,304.00 2,616.00 1,200 1,200 1,200 1,200 66,984.00
Personnel
GANTT CHART
39
GRADUATE SCHOOL
The repair of the sports facilities and construction of the covered court is
expected to commence in January 2018. Purchases of new equipment and hiring
of additional personnel will be taken upon completion of the repairs.
Activities Jan Feb Mar Apr May Jun Jul

Repairs and improvement of
Sports Facilities
Construction of Covered
Court
Purchase of new
Equipment
Hiring of new maintenance
personnel
40
GRADUATE SCHOOL
CHAPTER IV
MANAGEMENT ASPECT
The organizational and management plan implies a clear and precise
identification of duties and responsibilities, flow of authority and manpower level
requirement. It must be set up for optimum effectiveness. To achieve these,
management must be able to plan all activities for the company to become
productive and competitive industry through human resource human resource,
financial capability and new technologies. The central idea of management is to
make every action or decision help achieve a careful chosen goal.
Form of business organization
Virgen Milagrosa University Foundation (VMUF) is a non-stock, non-profit
corporation. It is a privately-supported coeducational institution offering courses
in the medical and paramedical fields, in liberal and applied arts, sciences, and
technical-vocational courses, secondary, elementary and pre-school courses.
The institution is governed by a Board of Trustees, where the members do not
receive remuneration.
Government regulations
Since VMUF is a non-stock, non-profit corporation, it is governed by the
rules and regulations set by Securities and Exchange Commission (SEC). Its
only accountabilities to BIR are the taxes withheld from the employees and
business taxes from other operations not related to education.

41
GRADUATE SCHOOL
Organizational Structure
Board of
Trustees
President
VP for
VP for
Academic VP for Finance
Administration
Affairs
Head Maintence
and Engineering
Department
Head Janitorial
Services
Marketing and
Communications
Department
Job qualification and specialization
Maintenance Staff
Qualifications:
 Male or Female above 25 years old
 Graduate of at least Highschool Degree
 Dedicated and devoted to his job
 Hardworking, honest and trustworthy

42
GRADUATE SCHOOL
Job description
Duties and Responsibilities:
 Maintains the facilities clean and in good condition
 Make adjustments and minor repairs
 Reports damage to facilities to the Maintenance department
Salaries, wages and benefits
The proposed salary of the one additional Maintenance Staff will be based
on the minimum wage of P 253.00 per day or P 6,000.00 a month.
Benefits:
The employee shall be entitled to a 13 th month pay with SSS and
employer’s contribution as well as Pag-ibig and PhilHealth premiums. He shall
also be entitled with overtime pay and leave of absence of not more than eight
days in a given year.
Policies and standards
To ensure the smooth flow of operations and quality service to the clients,
the following policies and standards must be observed:
1. Employees shall observe the eight hour working hours subject to overtime
if needed;
2. Maintain cleanliness at all times.
Employee shall file application for leave, in case of emergency or sickness.

43
GRADUATE SCHOOL
CHAPTER V
FINANCIAL ASPECT
The proposed study will be supervised and managed by VMUF. Covered
will be raised and the courts inside the campus will be repaired. The students
and customers can expect better place for sport activities.
Financial assumptions
1. Receipts
Receipt comprises additional fees from new enrollees, miscellaneous fees
paid by the students and other payments for using the facilities. And total
receipts will increase by 10% yearly.
2. Salaries and Wages
Salaries and Wages refer to remuneration of personnel employed in the
business.
Hereunder is the computation of salaries of proposed personnel to be
hired for the proposed business.
Table 9 shows the computation of mandatory deductions from the salaries
of the employee. Based from the above date, the total amount of annual
salaries to be incurred is ₱ 72,000 which will increase by 10% per year.
Table 9
Computation of Annual Salaries
No. of SSS Contrib. Pag-ibig Philhealth

Monthly Net
Position Perso Salary ER EE ER EE ER EE
Salary Salary
nnel
Maintena
6,000 1 72,000 5,304.00 2,616.00 1,200 1,200 1,200 1,200 66,984.00
nce Staff
44
GRADUATE SCHOOL
3. SSS Contribution
It is a benefit given to employees which is based on the salary bracket of
the personnel.
4. PhilHealth Premium
The amount of the premium benefit is based on the salary bracket of the
staff.
5. Pag-ibig Contribution
The amount of contribution is only ₱ 100.00 for each personnel including
employer’s share.
6. 13th Month Pay
It shall be provided to the personnel pursuant to existing laws regardless.
Personnel who have work at least one month during the calendar year will
be entitled to 13th month pay, computed on pro-rated basis.
7. Repair and Maintenance
Repair and Maintenance expense refer to the repair or maintenance of the
sports facilities and equipment expected to be incurred in one year after
the start of operation. The amount of ₱ 50,000.00 will be provided
annually and 10% increase thereafter.
8. Sports Facilities and Equipment
The list of New Equipment and Major repairs to sports facilities was
indicated in the Table 10. With regard to the computation of depreciation, it

45
GRADUATE SCHOOL
shall be based on a straight-line method. Below is the table showing the
computation of cost of depreciation.
Table 10
Computation of Annual Depreciation
Estimated Salvage Annual

Items Amount
Useful Life Value Depreciation
Covered Court 1,500,000.00 20 years 50,000 72,500.00

Volleyball Nets
7,000.00 2 years - 3,500.00
and poles
Sepak Takraw net
2,500.00 2 years - 1,250.00
and pole
Sepak Takraw
1,755.00 1 years - 1,755.00
balls
Courts 779,800.00 20 years - 38,990.00
Total 2,291,055.00 117,995.00
9. Withholding Tax Payable
It refers to withhold taxes deducted from the monthly compensation of
employees which shall be remitted to the BIR every 10th day of the
ensuing month. Delay in the remittance will result in additional payment of
interest and penalties on the part of the owner of the business
establishment.
10. SSS Payable
This pertains to the contributions of the employees deducted from the
compensation of the employees as well as the share of the employer

46
GRADUATE SCHOOL
which shall be remitted to the SSS on scheduled dates. Presented below
are the schedule dates for the remittance of the contributions to SSS.
Table 11
Scheduled Dates for the Remittance of SSS Contributions
The 10th Digit of the 13-Digit Deadline for the payment

ER number ends: (following the applicable
month)
1 or 2 On or before the 10th day of
the month
the month
the month
the month
9 or 0 On or the last day of the
month
11. PhilHealth Payable
It refers to employer and employee contributions remitted to PhilHealth on
or before the 10th day of the ensuing month. The employees’
contributions are deducted from the salaries of the employees.
12. Pag-ibig Payable
This pertains to the employer and employee contributions remitted to
Pag-ibig on or before the 10th day of the following month.

47
GRADUATE SCHOOL
Project cost
Table 12 presents the capital requirement for the study in the amount
of ₱ 2,291,055.00.
Table 12
Total Project Cost
Items Cost
Covered Court 1,500,000.00
Cost of New Equipment 11,255.00
Cost of Improvements 779,800.00
Total 2,291,055.00
Major Assumptions:
a. Five years covering 2018 to 2022 will be projected for the financial
condition and results of operations to assure the efficiency of the study.
b. Depreciation will be computed using the straight – line method
c. 10% annual increase for the salary.

48
GRADUATE SCHOOL
Project financing
Table 13
Proposed Study
Projected Statement of Financial Performance
2018 2019 2020 2021 2022

Receipts (Note) 704,200.00 Table 15
774,620.00 852,082.00 937,290.20 1,031,019.22
Less: Expenses Proposed Study
Depreciation Projected Statement
177,955.00 of Cash166,700.00
176,200.00 Flows 166,700.00 166,700.00
Salaries 72,000.00 Table 14
79,200.00 87,120.00 95,832.00 105,415.20
2018 2019 2020 2021 2022
13th Month Pay 6,000.00 6,600.00 7,260.00 7,986.00 8,784.60
Operating Activities Proposed Study
NetSSS Contribution
Income 5,304.00
368,941.00 5,834.40
425,385.60 6,417.84
495,044.16 7,059.62
561,218.58 7,765.59
634,010.43
Pag-ibig Contribution 12,000.00 Table 16
13,200.00 14,520.00 15,972.00
Add/Less: Projected Statement of Financial Position 17,569.20
PhilHealth
Depreciation Contribution 12,000.00
177,955.00 13,200.00
176,200.00 14,520.00
166,700.00 15,972.00
166,700.00 166,700.00
17,569.20
Proposed Study
Repair and Maintenance
Increase in Liabilities 50,000.00
2018 1,060.00 55,000.00
2019 66.00 60,500.00
2020 72.60 66,550.00
202179.86 202287.85
73,205.00
Assets
Net cash
Income provided from operatingProjected547,956.00
368,941.00 601,651.60
425,385.60
Statement of Retained 661,816.76 561,218.58
495,044.16
Earnings 727,998.44 800,798.28
634,010.43
activities
Cash on Hand 547,956.00 1,149,607.60 1,811,424.36 2,539,422.80 3,340,221.08
Equipment 2018 11,255.002019 11,255.00 2020 11,255.00 2021 11,255.00 2022
11,255.00
Investing Activities
Sports
RetainedFacilities
Earnings, Beg 1,500,000.00
- 1,500,000.00
368,941.00 1,500,000.00
794,326.60 1,500,000.00
1,289,370.76 1,850,589.34
1,500,000.00-
Cost of Sports Facilities (779,800.00) - - -
Sports
Net Facilities
Income
Improvement Improvements 779,800.00
368,941.00 779,800.00
425,385.60 779,800.00
495,044.16 779,800.00
561,218.58 634,010.43
779,800.00
Less: Accumulated
Equipment Depreciation
Withdrawals
Cost of 177,955.00
-
(11,255.00) 354,155.00
- - 520,855.00
- - 687,555.00- - 854,255.00--
Total Assets
Retained Earnings, End 2,661,056.00
368,941.00 3,086,507.60
794,326.60 3,581,624.36 1,850,589.34
1,289,370.76 4,142,922.80 2,484,599.77
4,777,021.08
Cost of Sports Faciliies-Covered (1,500,000.00 - - - -
Gym
Liabilities and Equity )
Net cash used from investing (2,291,055.00 - - - -
activities )
Liabilities
SSS Payable 660.00 726.00 798.60 878.46 966.31
Financing Activities
PhilHealth Payable 200.00 200.00 200.00 200.00 200.00
Investment
Pag-ibig Contributions Payable 2,291,055.00
200.00 200.00 - 200.00 - 200.00 - 200.00-
Total Liabilities
Net Cash 1,060.00
547,956.00 1,126.00
601,651.60 1,198.60
661,816.76 1,278.46
727,998.44 1,366.31
800,798.28
Equity
Add: Cash Beginning - 547,956.00 1,149,607.6 1,811,424.36 2,539,422.8
VMUF, Capital 2,291,055.00 2,291,055.00 2,291,055.00 0 2,291,055.00 2,291,055.00
0
Retained
Cash EndingEarnings 368,941.00
547,956.00 794,326.60
1,149,607.61,289,370.76
1,811,424.36 1,850,589.34
2,539,422.8 2,484,599.77
3,340,221.0
Total Liabilities and Equity 2,661,056.00 3,086,507.60 03,581,624.36 4,142,922.800 4,777,021.08
8
49
GRADUATE SCHOOL
Notes to Financial Statements
1. Agency Profile
a. Virgen Milagrosa University Foundation is a non-stock, non-profit
corporation and was registered to the Securities and Exchange
Commission in the year 1958. It is a privately-supported coeducational
institution offering courses in the medical and paramedical fields, in
liberal and applied arts, sciences, and technical-vocational courses,
secondary, elementary and pre-school courses. The institution is
governed by a Board of Trustees (BOT), where the members receive
no remuneration.
The institution was founded by Dr. Martin Posadas and Dra. Rosalina
Quebral-Posadas, began with one course then followed by another as
it grew through the years, coping up with the need of the community.
Today, the institution is offering courses from vocational to
baccalaureate to graduate studies.
Under Section IV (3) Article XIV of the 1987 Constitution of the
Republic of the Philippines, all revenues and assets of no-stock, non-
profit educational institutions used actually, directly and exclusively for
educational courses shall be exempt from taxes and duties. All grants,
endowments, donations or contributions used for educational purpose
shall also be exempt from tax, subject to conditions prescribed by law.

50
GRADUATE SCHOOL
The official address of the institution is located at Dr. Martin Posadas
Ave., San Carlos City, Pangasinan.
b. The proposed projects in the study will be established inside the VMUF
premises.
2. Summary of assumptions
Note 1. Receipts
Receipts are recognized when the event occurs.
Table 17
Receipts Forecast
Number of Students Amount Total

New enrolees 32 13,000.00 416,000.00
Less: Athletic Scholars 3 13,000.00 39,000.00
Miscellaneous 2,772 100.00 277,200.00
Rent Income 50,000.00
Total Receipts 704,200.00
Note 2. Cash
a. Cash account pertains to cash deposited in bank.
b. Collections during the day shall be remitted to the VMUF
Cashier to be deposited to the account of the business.
Note 3. Sports Facilities
a. Improvements and Equipment are stated at cost less
accumulated depreciation
b. Sports Facilities, Improvements and Equipment will be
computed based on actual expenses incurred.

51
GRADUATE SCHOOL
c. Depreciation on assets is computed on a straight-line basis over
the useful life of the asset.
Table 18
Schedule of Depreciation
Estimated Salvage Annual

Items Amount
Useful Life Value Depreciation
Covered Court 1,500,000.00 20 years 50,000 72,500.00

Volleyball Nets
7,000.00 2 years - 3,500.00
and poles
Sepak Takraw net
2,500.00 2 years - 1,250.00
and pole
Sepak Takraw
1,755.00 1 years - 1,755.00
balls
Courts 779,800.00 20 years - 38,990.00
Total 2,291,055.00 117,995.00
Note 4. Withholding Tax Payable
Monthly salaries of employees are deducted withholding tax
which shall be remitted to the BIR every 10 th day of the following
month.
52
GRADUATE SCHOOL
Note 5. SSS Payable
SSS Payable account consists of the employer’s and employees’
shares for the month of December which shall be remitted to
Social Security System on the scheduled date.
Note 6. Philhealth Payable
It consists of the employer’s and employees’ shares in December
to be remitted in January.
Note 7. Pag-ibig Payable
The liability account pertains to the December contributions of
both employer’s share and employees’ shares to be remitted on
the following month.
Note 8. Salaries and Wages
The salary of the new maintenance staff will be ₱ 6,000.00 h per
month or ₱ 72,000.00 annually.
Note 9. Year-end Bonus
The employees will be entitled to 13 th month pay equivalent to
one month salary if employed as of March 31; otherwise it will be
computed on a pro-rated basis.
Note 10. SSS contribution
The employees are entitled to SSS benefits, thus the employer
will be employer’s share based on the salary bracket schedule of
SSS.
53
GRADUATE SCHOOL
Note 11. Pag-ibig Contribution
It is also included in the computation of benefits of employees
Pag-ibig contribution. Employee’s share is ₱ 100 deducted from
the salary of the staff and employer’s share shall also ₱ 100.00
for each employee.
Note 12. PhilHealth Premiums
For the health benefits of the employees, they will be enrolled in
Philhealth and the employer shall pay the employer’s share
depending on the salary bracket of the staff prepared by
Philhealth.
Note 13. Repair and Maintenance Expense
Considering that the sports facilities and equipment will
constructed and some are to be repair, P 50,000.00 will be
provided on first year of operation. It will be increased by 10%
every year thereafter.

54
GRADUATE SCHOOL
Financial ratios
Return on Investment Ratio (ROI)
ROI refers to performance measure used to evaluate the efficiency of an
investment.
A high ROI indicates that the investment's gains compare favorably to its cost.
Profit
ROI=
Investment
Table 19
Computation of Return on Investment
2018 2019 2020 2021 2022

Net
Income 368,941.00 425,385.60 495,044.16 561,218.5 634,010.43
Investment 291,055.00 291,055.00 2,291,055.00 2,291,055.00 2,291,055.00
ROI 0.16 0.19 0.22 0.24 0.28
The above data shows that ROI is positive and increasing, a sign that the
proposed project is profitable.

55
GRADUATE SCHOOL
Payback period
Payback period is the length of time to recover the cost of an investment
in a project.
Years before full recovery+ Unrecovered cost at beginning of last year

Payback Period=
Cash flow duringthe year
Table 20
Payback Period Computation
Payback
Year Cash Flows Cumulative Cashflows
0 (2,291,055.00) (2,291,055.00)
1 547,956.00 (1,743,099.00)
2 601,651.60 (1,141,447.40)
3 661,816.76 (479,630.64)
4 727,998.44 248,367.80
5 800,798.28 1,049,166.08
Payback Period = 3 + [(479,630.64/727,998.44) x 12 mos.]

= 3 year and 8 months
Based on the above-computation, VMUF will be able to recover its
investment after 3 years and eight (8) months.
56
GRADUATE SCHOOL
CHAPTER VI
SOCIO – ECONOMIC ASPECT
Every business has the primary purpose of obtaining income from their
economic endeavors. Despite this, they cannot go away with the fact that they
operate in a social environment. This relationship of the business towards the
society within which it operates.
The following are the benefits which will provided upon completion of the
project:
1. Provide recreational activity to the community.
2. Promote healthy lifestyle.
3. Prevent lifestyle related diseases.
4. Increase in social connectedness.
5. Reduction of crimes.
6. Increase in educational prowess of students.
7. A venue for promoting the government by hosting sports events
8. Provide additional income to household when hosting big sports
events.
Significance of the study
This study will redound to the benefit not only to the school but also to the
community. Considering the increase of risk in lifestyle related diseases, having
sports facilities that are in its best condition will encourage people to use sports
57
GRADUATE SCHOOL
as a way of recreation and entertainment in addition to avoiding or preventing
these
59
GRADUATE SCHOOL
so-called diseases. For the school, this study can benefit by providing more
enrollees and also bring prestige to the institution. For the students, sports can
become a medium to rest, enjoy and do away with the pressure that academics
can impose. This study will serve as a catalyst to strive and aim for what is best.
This can also serve as a foundation to other researchers on what other parts or
areas in the school may need improvement or reinforcement.

60
GRADUATE SCHOOL
CHAPTER VII
SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
Sports have become an integral part in any community, be it barangays,
towns or cities and most especially in schools. Sports have become a source of
recreation and entertainment for families, friends and colleagues. Not only as a
source of enjoyment, sports have been proven to reduce or prevent diseases. It
has also shown increased physical and mental capabilities to those who have
been active in sports. Competitions are always held to show off the results of
training undergone by the players bringing honor to the community or school
where a participant may win.
Virgen Milagrosa University Foundation (VMUF) has been a home for
anyone who loves sports. They have the facilities to cater many sports activities,
however these facilities are already old and not in good condition, that now
needs repairs and improvement. With the move to further improve the current
condition of the sports facilities of the school, the study also aims to encourage
students to pursue their dreams in VMUF.
Aside from the quality of education a school can bring to its students.
Engagement to extracurricular activities specially sports has become a factor in
choosing the perfect school a student may enter in. With the positive responses
from the students, VMUF was chosen as one of the schools they would want to
enter into, all the more once the sports facilities are improved.
61
GRADUATE SCHOOL
For every improvement to be made, with the hope of increasing income,
an equivalent investment is always required. Repairs of sports facilities,
construction of covered court, purchase of new equipment and materials and
hiring of additional employees is needed to materialize the proposed
improvement.
Expected income cannot occur, even with the improvements made,
without the support from the management. Continuous involvement and
commitment is needed. Policies and standards should be established and
discipline be always in mind.
The efforts of the management can only be seen through the financial
statements. The questions on – how well the management performed; how much
income was earned; how long the investments will return to the institution – will
be answered. Where the financial statements are the culmination of the
performance and position of an organization.
Based on the study, the project proposed is feasible to succeed.
Investment to this project will provide additional income to the institution. It also
entails positive reinforcement to the students, teachers and the community with
the improved and added sports facilities to the school.
At the end of five years, the proponent of the study recommends the
following improvement scheme for the other sports facilities of the school. This
would also open up a platform for further studies of the scheme recommended:
1. Additional Equipment for Athletics Event
2. Additional Improvement of Courts

62
GRADUATE SCHOOL
3. Repair of Track Oval

63
GRADUATE SCHOOL
BIBLIOGRAPHY
A. BOOKS
Barfield, Jesse T., Raborn, Cecily A., Kinney, Michael R. Cost Accounting
Traditions & Innovations 5th Edition.
Brigham, Eugene F. and Houston Joel F., Fundamentals of Financial
Management Tenth Edition.
Joel Escańo, VMUF Printing Press
B. OTHERS
www.doublegist.com/sport-facilities-equipment-management-school-sport
www.mcser.org/journal/index.php/ajis/article/viewFile/7172/6874
www.fiepbulletin.net/index.php/fiepbulletin/article/viewFile/102/161
www.topendsports.com/resources/equipment.htm
ir-library.ku.ac.ke/handle/123456789/9478
http://www.idpublications.org/wp-content/uploads/2015/04/FACILITIES-
EQUIPMENT-AS-PREDICTOR-OF-SPORT-DEVELOPMENT-IN-EDO-STATE-
NIGERIA.pdf
https://www.researchgate.net/publication/267991016_Management_of_Physical_
Education_Facilities_Equipment_and_Supplies_in_Secondary_Schools_in_Niger
ia_issues_and_challenges
http://www.schoolsplus.co.uk/lutonsfc/2016/07/24/five-reasons-sports-facilitys-
important/
http://www.saudiptc.com/the-sports-book/1031/
64
GRADUATE SCHOOL
CURRICULUM VITAE
Syrel S. Olermo
#357 Namagbagan, Anda, Pangasinan
E-mail: olermo_11@yahoo.com
Contact Number: 09308215599/09952686559
EDUCATIONAL ATTAINMENT:
Post Graduate Studies
Name of School: Virgen Milagrosa University Foundation
Course: Master in Business Administration
Date: August 2016-Present
Tertiary Level
Name of School: Virgen Milagrosa University Foundation
Course: Bachelor of Science in Accountancy
Honors/Awards Received: Cum Laude, Most Outstanding Athlete
Date: 2010-2014
65
GRADUATE SCHOOL
Secondary Level
Name of School: San Jose National High School
Honors/Awards Received: Salutatorian, Athlete of the year
Date: 2006-2010
Elementary Level
Name of School: Namagbagan Elementary School
Honors/Awards Received: Salutatorian
ACHIEVEMENTS/AWARDS RECEIVED
CPA Licensure Examination Passer
Date: October 2014
Title of Contest: SGV &CO. CUP, P&A CUP, DELOITTE CUP, RT&CO.CUP,
URBAN SHOWCASE (during the 12th Regional Midyear Convention, 2013)
Award: Certificate of Participation
Date/Year: September 2013
Title of Contest: National Collegiate Games (Cebu City)
Award: Silver Medalist
Date/Year: 2012
66
GRADUATE SCHOOL
WORK EXPERIENCE/SPECIAL TRAININGS
Position: State Auditing Examiner II
Organization Name: Commission on Audit
Year: 2017 up to present
Position: Auditor
Organization Name: Armas Accounting Assistance
Year:2014 up to 2016
Position: Faculty
Organization Name: VMUF
Year: 2014 up to 2016
Name of the Company: LV Accounting Office

Address: San Carlos City, Pangasinan
Job Description: On-the-Job Trainee

VMUF Sports Facilities Feasibility Study

Hochgeladen von

Dokumentinformationen

Originaltitel

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

VMUF Sports Facilities Feasibility Study

Hochgeladen von

Copyright:

Verfügbare Formate

1

Virgen Milagrosa University Foundation

FEASIBILITY STUDY ON PROMOTING VIRGEN MILAGROSA UNIVERSITY

FOUNDATION THROUGH IMPROVEMENT OF SPORTS FACILITIES

The Faculty of the Graduate School

Virgen Milagrosa university Foundation

San Carlos City, Pangasinan

of the Requirements for the Degree

Master in Business Administration

SYREL SANICOLAS OLERMO

This feasibility study in Feasibility Study on Promoting Virgen

Milagrosa University Foundation through Improvement of Sports Facilities

has been prepared and submitted by SYREL SANICOLAS OLERMO in partial

fulfillment of the requirements for the degree of MASTER IN BUSINESS

ADMINISTRATION is hereby recommended for Oral Examination.

MICHAEL D. ARMAS, CPA, MBA, REA

JOSE EMMANUEL C. MANDAPAT, D.A.

MARCELO G. PAZ, MBA, Ph.D EFREN Y. IGNACIO, MSIT, Ph.D.

Accepted in partial fulfillment of the requirements for the degree of MASTER in

MA. LILIA P. JUAN, M.D, FPCH JOSE EMMANUEL C. MANDAPAT, D.A

The researcher would like to express his sincerest gratitude and

appreciation to those people who through their unending encouragement,

support, motivation and inspiration made the completion of this study.

To God, our Father, for giving me the strength, determination,

the overflowing blessings He bestowed upon me.

To Dean Jose Emmanuel Mandapat for providing additional knowledge in

To my friend, Ray Vincent Chan, for his support, knowledge and

assistance in finishing the research expeditiously.

To my family for their never-ending care, love and encouragement all

brought, where they made studying enjoyable.

CHAPTER I: EXECUTIVE SUMMARY 1

CHAPTER VI: SOCIO – ECONOMIC ASPECT 58

Table 1: Major Competitors in Pangasinan 10

lessons like discipline, responsibility, self-confidence, accountability, and

recommend physical activity as a key ingredient to any stress-management

KHELIL ’15 MS)

participate in sports competition. The existence of sports facilities and equipment

is of vital importance in the conduct of physical education, intramural sports and

The World Health Organization highlighted that schools have a significant

contribution to make in effecting an improvement in students’ health and

behaviour. Parallel to this, Armstrong and McManus found that managers of

physical education departments considered that health-related fitness "was the

second most important objective of physical education" with happiness of

a lifetime" Alexandrov’s findings, meanwhile, confirmed the statistically significant

positive effects physical education has on blood cholesterol, thereby, reducing

becomes increasingly the center for promoting physical activities, physical

in reducing blood pressure and thereby preventing or reducing various diseases.

Universities or Colleges in Region 1 uses it sports program to create

participates in sports competition. Sport facilities are present but maintenance to

state and inadequate.

The institution provides athletic grants or financial support to its student

creating legacies and bagging medals for their school.

As former student-athlete, it was noted that students from elementary to

graduate school are participating in sports activities. Despite the presence of

proposal may help the institution in:

1. Improving the facilities and equipment.

2. Implementing its sports program.

3. Looking and helping potential athletes.

4. Motivating student to become fit.

6. Increasing engagement to be a sports competition venue.

also to the community near VMUF.

To be the best provider of competence and excellence in sports in Region

To help students to balance academe and sports by enhancing sports