An Assessment of the Financial Resource Management Practices in Secondary School of Silte Zone
No Thumbnail Available
Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
AAU
Abstract
The purpose of this study was to assess the practices of financial resource management and challenges
in secondary schools of Silte Zone and forward the possible suggestion to alleviate the problems. For
the execution of the study a descriptive survey design was used. In the study mixed approaches were
employed. The sample teachers 96(26.6%) and 24(28.5%) PTSA members were selected by using
simple random sampling technique. Additionally, all 12 principals, all 12 KETB chairperson, all 12
school vice principal and all four Woreda educational planners and development heads were included
due to their position and their high attachment with school financial resources management. The
instruments of data collection were questionnaire, semi structured interview, observation and document
analysis. The data were analyzed by using frequency, percentages and mean. The data gathered through
open –ended questionnaire, interviews, observation and document analysis were analyzed qualitatively
through narration for the purpose of triangulation. As the finding of the study revealed the basic
problems in school financial management include inadequate human resources, low capacity of finical
managers to implement financial rules and regulations, having illegal purchasing practices,
inappropriate financial planning, lack of appropriate monitoring and evaluation (auditing), lack of
commitment, transparency and self-assessment were challenges for practicing financial resources
management in schools. Therefore, the Zonal educational bureau should hire adequate and qualified
financial personal; encourage stakeholders to prepare professional development programs (such as
seminars, workshops, conferences) to increase school finance personals knowledge on financial
resource management in government secondary schools