An Assessment of Effectiveness of the Financial Management in Tanzanian Government Secondary Schools: The Case of Secondary Schools in Coast Region

Biro, Gaudiose R. F. (2017) An Assessment of Effectiveness of the Financial Management in Tanzanian Government Secondary Schools: The Case of Secondary Schools in Coast Region. Masters thesis, The Open University of Tanzania.

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Abstract

The study was done to assess effectiveness of financial management in Tanzanian Government Secondary Schools. Specifically, the study aimed at determining if; the school management teams were trained sufficiently; financial controls are sound and examining nature of government secondary school budget implementation. The case study design was used whereby systematic sampling was applied to select a sample of about 150 respondents. Both primary and secondary data were obtained from which the data were analyzed and presented in various ways. On determining if management teams were sufficiently trained to manage the government schools’ fund, it was found that school finance dealers had been averagely trained. The study underscored importance of obtaining the dealers basing on financial qualifications. However, the findings showed that the trainings were not done on time. On the issue of financial controls, the study found that most of the funds were not well managed. The weakness was found on the openness of the fund usage as well the distribution of the fund according to the planned cost canters. The study showed doubt about the ways funds were managed in the government secondary schools. About assessment of the nature of budget implementation, the study found that the fund collected was not enough to meet the requirements of the Schools. Further, it showed that the funds did not reach the schools in time. On the issue of funding policy for the schools, the study found it to be ineffective and unstable. The study suggests further studies to be done on the consequences of the ineffective government schools funding policies toward the academic performance and the need to access opportunities for strategic investors so as to allow cash creation among the government secondary schools in future.

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