Availability and extent of utilization of financial resources in public secondary schools in Ebonyi State of Nigeria

Financial resources are described as materials of monetary value which can be expended on expenditure items. Individuals and organizations such as public secondary schools need financial resources to carry out operation in order to achieve objectives. Availability of financial resources to public secondary schools in Ebonyi State refers to both the percentage of government expenditure allocated to the sector and the ones raised from other sources by principals. These financial resources ought to be effectively utilized to achieve goals. This paper investigated availability and extent utilization of financial resources in public secondary schools in Ebonyi State using descriptive survey approach. A questionnaire titled “Questionnaire on Availability and Utilization of Financial Resources (AUFR) was designed, validated and tested for reliability to serve as the instrument for data collection. Two research questions and two hypotheses guided the study. Data collected were analyzed using mean and standard deviation while the hypotheses were tested at 0.05 level of significance. Among the findings is that sufficient financial resources are not available in public secondary schools in Ebonyi State. It was recommended among others that Ebonyi state government school provide sufficient financial resources to the public secondary schools.