THE PRACTICE AND CHALLENGES OF FINANCIAL MANAGEMENT IN SECONDARY SCHOOLS OF DESALEW TILAHUN SHIMELASH MANAGEMENT WOMBERMA WOREDA

Abstract

The purpose of this study was to investigate the practices and challenges of financial management in secondary schools of Womberma woreda. Due to this the specific objectives of the study are identify the extent that school financial management is practiced as per the rule and principles in secondary schools of Womberma woreda. Investigate the major problems of school financial management in secondary schools of Womberma Woreda. Identify possible solutions to promote financial management efficiency in secondary schools of Womberma woreda..Descriptive survey design was employed with both qualitative and quantitative data analysis approaches. Questionnaire, interview and document analysis were used for data collection tool. For this particular study, out of 4 secondary schools 4(100%) sample schools were selected by comprehensive sampling method and 64 teachers have been selected by stratified random sampling method and 7 principals, 1 supervisor,2 woreda finance auditors and 30 PTA were selected as a sample by comprehensive sampling method. Frequency and percentage were used for data analysis. The main finding of the study were revealed that lack of stake holder participation in different school financial management issues, lack of clear financial guide lines, lack of school financial transparency and financial management skills. Hence, it is possible to conclude that the above mentioned challenges have affected the efficiency of school financial management in secondary schools of Womberma Woreda. To minimize these challenges it is recommendable that the Woreda Education Office and Worda Finance and Economy Development Office work together to give training to develop professional qualification for principals and supervisors and also distribute clear financial guide lines to reduce poorly managing school finance and also schools to ensure school financial transparency. On the other hand Woreda Education Office experts, school principals and supervisor should have been responsible to ensure stake holders participation in the school because it reduces misappropriation