Abstract:
The main objective of the study was to investigate the practice and challenges of financial resource management in secondary schools of Kaffa Zone. For this purpose, both quantitative and qualitative approaches were employed. The methodology employed was descriptive survey research. The data were collected from both primary and secondary sources; using questionnaire, interview, and different document analysis. Five groups of respondents were participated in the study. These were teachers, principals, supervisors, PSTA and KETB which had direct relation with financial resource management. From the study areas, 3 Woredas and 1 town administration schools were selected randomly. Principals, supervisors, PSTA and KETB were selected by purposive sampling technique due to their direct relation with the issue under study and also to gain sufficient information. Simple random sampling techniques were also employed for teachers respectively. The data were collected through questionnaire, interviews and document analysis. Data gathered through questionnaire were quantitatively analyzed using mean, standard deviation and independent sample t-test. Whereas the data gathered through interview, open ended questions and document reviews were qualitatively analyzed. Having gone through these, the study found out that participation of stakeholders in managing the finance resource was unsatisfactory. In addition to this, lack of training and continuous follow up in the area of financial resource and management was challenging. The stakeholders were failing to participate how to follow up, control, audit account, coordinate and communicate on the management of financial resource there was no capacity building for using. Based up on the findings, there was some recommendation. Therefore, capacitating professionals through training assist users in putting this budget into effective usage. To develop positive attitude towards the management of the financial resource had better to work closely with the school community and different stakeholders. Financial resource management system should be designed by principals, Woreda education offices and Zone education department should follow up the school budget.
