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