dc.contributor.author | Mogire, Nyamasege R | |
dc.date.accessioned | 2013-08-13T06:11:31Z | |
dc.date.issued | 2013 | |
dc.identifier.citation | Mogire,N.R.,2013.Financial Strategies Used By Secondary School Principals In Addressing Budgetary Deficit In Nakuru District, Nakuru County, Kenya. | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/55983 | |
dc.description.abstract | Education remains the main catalyst for development in any society, whether in the
developed or developing world. Deficit budgeting is a serious issue in schools since if not
properly addressed it makes it difficult for school managers to consistently provide timely
and quality learning services. Hence, the purpose of this study was to establish the
financial strategies used by secondary school principals in addressing budgetary deficits
in their schools in Nakuru District. Specifically it aimed at achieving the following
objectives; to establish the extent to which principals have diversified school funding
sources; influence proper accountability of resources in schools; minimize school
operational costs; and encourage students to participate in school community work in
order to address budgetary deficits. Previous studies done in this area have not identified
these strategies exactly and their effect. The theory of production guided the study.
Descriptive survey design was used. All the twenty two schools in the area were targeted
and both Purposive and simple random sampling were used to draw a sample size of 253
respondents who participated in the study. Pre tested questionnaires were used in this
study to collect data. The data analysis was done using SPSS 11.5 and descriptive
statistical techniques were employed which included frequencies, percentages, crosstabs
and tests for significance using the Chi-squares. According to the findings of the study,
the major sources of funding for the schools was government funding with the
constituency development fund CDF also playing a considerable role in providing
necessary funds for the schools running. Seminars organized to train school heads was
proving effective in instilling financial resource management skills to the participants.
Majority of the school management was briefed on their respective schools financial
position on a weekly basis; however, a significant section reported inconsistent briefings
based on request. It was established that majority of the school managers felt that the
funding was adequate especially for the schools major vote heads. Majority of the
schools also practiced strategic planning to ensure proper allocation of resources and
minimize over expenditure in unforeseen developments. The students participation in
their schools manual work was found to be significant in reducing the labor costs, hence,
saving on labor costs. The study concludes that all the study variables were indeed factors
in the strategies used in addressing the budget deficits by secondary school principals in
Nakuru District. It is recommended that the school principals and other members of the
school management to attend regular trainings on financial management to enhance their
skills in running the schools particularly within the budget confines. The stakeholders
including the NGOs, donors, parents and the members of the public should encourage the
school heads to seek ways of cutting costs so as to ensure that all the funds obtained from
the diverse sources can be used within their confines. Researchers in this area of study
need to make their findings more public and accessible and should also use their findings
to tailor courses and workshop themes especially in the area of budgeting for financial
stability. | en |
dc.language.iso | en | en |
dc.publisher | University of Nairobi | en |
dc.title | Financial Strategies Used By Secondary School Principals In Addressing Budgetary Deficit In Nakuru District, Nakuru County, Kenya | en |
dc.type | Thesis | en |
local.publisher | College of Education and External Studies | en |