Chuka University

TRAINING NEEDS OF PRINCIPALS ON FINANCIAL MANAGEMENT, A CASE OF PUBLIC DAY SECONDARY SCHOOLS IN BUURI DISTRICT, MERU COUNTY, KENYA

PAUL KOOME MAINGI

ABSTRACT

Financial management in schools involves efficient and effective utilization of institutional  financial resources  in order to meet educational goals. Poor management of finances by heads  of educational institutions  has been cited as a  serious impediment in  the  achievement of educational goals in Kenya. This study sought to investigate the training needs of  principals on financial management of day secondary schools in Buuri District, Meru County   in Kenya. Literature review for the study involved  aspects  of financial management in schools.  Descriptive survey research design was adopted for the study. The target population was 58 subjects,  comprising of the 19 principals,   the 19 B.O.G chairpersons,  the 19 Bursars/Accounts clerks, and the district  schools’  auditor.  Census study was done.  Data for the research was collected by use of three questionnaires  and an interview guide;  the  principals’,  the B.O.G  chairpersons’,  and  the  Bursars/Accounts clerks’  questionnaires  and the district auditor’s interview guide. Piloting was conducted in two day secondary schools  from the neighboring Tigania West  District  where  2  principals, 2 B.O.G Chairpersons and 2 accounts clerks participated. The instruments were validated by the help of   supervisors    from  Chuka University.  Test-retest technique was employed to  test the reliability of the instruments,  where Spearman rank order correlation coefficient, (r),of  0.78  was  obtained, indicating that  the instruments were reliable.  Quantitative data was analyzed using percentages and frequencies while qualitative data was analyzed using content analysis. Data was analyzed using Statistical Package for Social Science (SPSS) version 11.5. Findings were presented using  graphs  and tables.  The findings established  principals’ incompetence  in  budgeting,  financial  records keeping and auditing. Suggestions by the respondents on ways of improving financial management capabilities of  principals  included  adequate  training of teachers  on financial management before they complete their  teacher training  courses.  The  study, based on the findings,  recommended among other measures,  intensification of in-service training  of  principals  with more and relevant content  on financial management  and doing in-service training with sit in examinations  and training of the Bursars/Accounts clerks  in-service. It is anticipated that the findings of the study will contribute to  the  principals and teachers  training, particularly  on financial management of schools in Kenya,  and serve as a basis for further inquiry in related studies by other researchers.  

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