Management of school funds by secondary school principals: Implications for effective job productivity

This study investigated the management of school funds by secondary school principals for effective job productivity in Imo State. Three research questions and three null hypotheses were formulated to guide the study. A 24-item researcher developed questionnaire was administered and retrieved from 591 teachers, 60 principals and 59 bursars selected through proportionate stratified random sampling technique from the three education zones (Owerri, Mbaise and Orlu) to establish how secondary school principals manage funds for effective job productivity in Imo State. Descriptive statistics and a one-way ANOVA were employed for data analysis. Result of the study showed that issuing receipts for all monies collected from parents, students and members of the community; rendering financial reports to the Post Primary School Management Board; involving sectional and departmental heads in budget preparation, among other, are ways principals in Imo State secondary Schools Mange funds. The implications of these findings as they relate to administrative practices are highlighted.