The role of secondary school principal in the management of school finances: the case of Olkalou Division, Nyandarua District
Mukundi, Juliana Wambui
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The purpose of the study was to investigate the role of secondary school principals in financial management in relation to budgeting, accounting and auditing. The study was carried out in Olkalou division of Nyandarua district. The qualifications of head teachers in financial management and that of their bursars/accounts clerks was investigated. The study also sought to find out the major problems faced by head teachers in school financial management. A descriptive survey research design was employed in carrying out the study. Simple random sampling was used to select ten public secondary schools from which ten head teachers and twenty heads of departments were selected. Also included in the sample were the schools' bursars/accounts clerks and the District Schools Auditor for Nyandarua district. Data was collected using questionnaires and interview schedules. The collected data was analysed using the statistical package for social sciences and reported using frequency distributions, means and percentages. It was established that the secondary school principals had problems in financial management in their schools in relation to budgeting, accounting and auditing. Although head teachers did make budgets, they were found not to follow them strictly. Cases of misappropriation of funds and malpractice in accounting were reported. The financial management challenges faced were found to affect other administrative tasks e.g. curriculum implementation, personnel management and schoolcommunity relations. The results of the study are discussed in relation to the improvement of financial management in Kenyan secondary schools.