MANAGING SCHOOL FINANCE FOR ADMINISTRATIVE EFFECTIVENESS IN NIGERIA SECONDARY SCHOOLS

Abstract

A school's financial management system (including the school's accounting system) must 
provide effective control over and accountability for all funds received from the state ministries 
of education, Parents Teachers Association levies among others. Fund refers to the sum of 
money saved or made available for a particular purpose. School effectiveness refers to the level 
of goal attainment of a school. This paper examined financial management in secondary 
schools which is the administering of funds under the guidance of a body of knowledge and in 
a disciplined way of proceedings, sources of funds in secondary schools which include the: 
PTA levy, government grants among others, also, how secondary school principals manage the 
funds made available to them was discussed (the preparation of the budget, payroll and others). 
The key characteristics and features of effective secondary schools were listed and they include 
teacher involvement in decision making, climate of respect between all participants, an 
emphasis on learning and the learning environment just to mention a few. The impact of school 
fees and internally generated funds on the provision of infrastructural materials, impact of 
salaries and allowances on the management of secondary schools (motivation and commitment) 
were looked into. And lastly, some problems associated with managing school finance were 
listed and suggestions were given.