PRACTICES AND PROBLEMS OF FINANCIAL RESOURCE MANASGEMENT IN SOME SELECTED GENERAL SECONDARY SCHOOLS OF BALE ZONE

Abstract

The study ascertained the practices and problems of financial resource management in some selected general secondary schools of Bale zone. Descriptive survey research design was employed; both quantitative and qualitative data analysis methods were used in order to answer the research questions. In the study simple random sampling technique were used for teachers. Because, this techniques provided each school independent and equal chance of being selected for the study. An availability sampling techniques and considered to be evaluators in the study. 6 principals. 6 supervisors and 65 schools teachers were taken as sample in the study. In addition to this, 6 woreda education office heads were participated in the study. Questionnaire, interview and document review were the data collection tools for the study. The findings of the study revealed that most respondents were aware of the existence of financial management problems in the schools. Like, lack of skilled and experienced status; a lack of training; a lack of structured financial guideline and procedures, inadequate control systems; dalliance of budget, and weak internal income generation. Therefore, it is possible to conclude that, the above problems were affected not only the effectiveness and efficiency of financial management of the schools but also the whole process of educational activities Thus, to improve the situation, it is recommended that, all concerned bodies, such as OEB and WED being together should be prepared enough workshop and training for the school personnel, and for concerned bodies in the field of financial management