Practices and Challenges of Financial Resource Management in Government Secondary Schools of Adama City Administration
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Date
2018-01
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Addis Ababa University
Abstract
The purpose of this study was to investigate practices of school financial resource management in
government secondary schools of Adama City Administration. For this study descriptive survey
research design was used. The study was conducted purposively in three selected government secondary
schools since the other four secondary schools were started their operation in the last two to three
years. Methods of research utilized in study were mixed of qualitative and quantitative approach. The
participants of the study were 139 respondents and census method was utilized to collect data from the
population. A total of 135 questionnaires were disseminated to respondents (Principals, Vice principals,
KETB members, PTA members, Departments, Accountants and other finance workers). Out of these 126
(93.33%) were correctly filled. In addition to this, qualitative data were gathered from seven
respondents via structured interview; and a secondary source was collected from official documents
related to the study. Then the data was tabulated, organized and analyzed using descriptive statistics
such as percentage, mean and standard deviation. In addition, t-test and P-Value was used to analyze
the presences of significant differences between responses of management organs and departments
group. Furthermore, interview and open-ended items of the questionnaire were analyzed qualitatively
using narrative form. Accordingly, the findings of the study revealed that low degree of participations of
KETB on budget preparation, in sufficiency block grant annual budget, underutilization of specially
RBA budget, absence of reporting internal income and student parent contribution were identified.
Among the majors challenges to finance managements of the school understudy; problem of not using
computerized accounting system, absence of well-organized finance record keeping system, absence of
internal auditing system, lack of adequate skilled accountants, purchasing delay and purchasing out of
school demand and quality problems of material purchased, and absence of human resource on certain
job title were identified as severer factors. Thus, it can be concluded that Absence of participation
private investor, NGO and community other than parent of student in financing school, absence of
training leads to weak management of educational financial resources, not submission of financial
utilization report leads schools to improper utilization of budget and mismanagement schools financial
resource, Weak controlling system of budget utilization and finance recording system, skill gap on
budget plan and utilization and lack of internal controlling and monitoring financial resource system..
Finally, to improve the situation, it was recommended that participating private investor, NGO and
community other than parent of student in financing schools, giving orientation for KETB members on
their responsibility, filling perception difference gaps through creating awareness and transparency,
offering training, developing, controlling and monitoring system via reporting and having internal
auditor, giving Technical support via supervision, using computerized accounting system and full filling
human resource gaps of the school, decentralizing the black grant budget and conducting further
research were forwarded.
Key words: Financial management, Practices, Challenges, Government secondary school,
financial utilization
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Keywords
Financial management, Practices, Challenges, Government secondary school, financial utilization