Financial management in Nyamarambe division secondary schools, Gucha district
Onsongo, Josiah Nyabuto
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Education is one of the most important sector which has undergone through tremendous growth and development in all its spheres. Providing education to a generation has always been an expensive undertaking to both the parents and the government. This implies that to implement the curriculum there has to be a provision of educational facilities and services whose costs have been soaring with time. The population has also been on the mcrease which implies that there has been a tremendous increase in the demand for education. This has resulted in a big budget to fmancing education. It is therefore imperative that the meagre resources that are available have to managed and utilised well. It is against this background that that the researcher formulated the problem of the study in the light of the problems faced by the headteachers in their attempt to effecting fmance that their school programmes require. This study also sought to look into the financial management practices and problems experienced in the process. The study was a descriptive survey, carried out in secondary schools in Nyamarambe Division, Gucha District. The questionnaires were provided to headteachers and bursars of the said schools. There was a review of literature made which was related to the study being undertaken. Data was analysed using descriptive statistics like means and percentages and presented in tables. The study found out that that although the headteachers prepared budgets, they were greatly hampered in accounting. The researcher recommends that any attempt to manage funds well must be made contingent to performing well.