Educational Leadership and Management

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Browsing Educational Leadership and Management by Author "Abdulshikur, Meded"

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    Financial Management Practices in Secondary Schools of Gumer Werda, Gurage Zone
    (Addis Ababa University, 2019-10) Abdulshikur, Meded; Nigussie, Dejene (PhD)
    Financial management is defined by the function and areas of responsibility of financial managers. Financial management in education is concerned with the cost of education, source of income to meet the educational cost and the spending of the income in an objective manner. The main purpose of this study was to analyze the current financial management practice in Gumerworeda secondary schools and to observe the major challenges occurred during financial management. The study was conducted in Gumerworeda high schools. The study employed descriptive survey design along with both quantitative and qualitative (Concurrent Mixed) methods. The data used for assessing the financial management practices and problems faced these high schools were primary and secondary data. The primary data was collected via questionnaire and interview whereas the secondary data was obtained from the school’s annual reports and financial documents, rules and regulations. As a source of primary data, 83 teachers, 25 PTSA, 5 principals, 7 vice principals, and 17 WEOs were incorporated. The sampling method used in the study was purposive sampling methods (total population purposive sampling and expert purposive sampling). The data obtained from the respondents were analyzed by using charts, percentage and description (narrations). The study found that there was problem in preparing participatory and SMART financial plan, improper allocation and utilization of financial resources including budget discrepancy, problem of using the existing budget as per the action plan, improper control as well as evaluation of budget, delay to release and procurement of educational materials, principals deep intervention in the technical aspects of the schools finance that leads to great corruption and limited support of WEOs including not hiring professional accountants in the schools. It is recommended that the school finance has to be managed efficiently, because it determines the total output as well as outcomes of the educational process. Principals together with concerned stakeholders should prepare participatory and SMART financial plan, there should be right allocation and utilization of the already available budget of the schools, timely releases and purchase of educational materials, principals should have limited and only financial management role and WEOs should adequately support the schools including hiring professional accountants to run their budget in a proper way.