Principals ‘management of Internally Generated Funds to Enhance Public Secondary Schools’ Financing for Sustainable National Development (Published)
This study aimed at investigating the ways management of internally generated funds enhanced secondary school financing for sustainable national development. The study adopted a survey research design. The population of the study comprised all public secondary schools principals/vice principals. A study sample of 539 respondents was used to generate data for the study. Three null hypotheses were formulated to be tested in the study. A 24 item questionnaire titled “Principals’ Management of Internally Generated Funds for Improved School Financing Questionnaire” (PMIGFISFQ) was used for data collection. The instrument was validated, and its reliability established at 0.89. Data collected were subjected to statistical analysis using Pearson Product Moment Correlation analysis. The null hypotheses testing revealed significant relationship between management of school internally generated funds and schools financing improvement for sustainable national development. It was found out that principals’ management skills in budgeting, auditing and keeping financial records significantly relate to school financing improvement. Based on the findings, it was recommended among others that Government through Ministry of Education and secondary Education Board should organized seminar and workshops for school principals to sharpen their skills in financial management of internally generated revenue as a strategy for improved secondary schools’ financing for sustainable national development.