THE MANAGEMENT OF FUNDS FOR SCHOOL EFFECTIVENESS

THE MANAGEMENT OF FUNDS FOR SCHOOL EFFECTIVENESS

ABSTRACT

This research investigated the management of school funds for school effectiveness in Ifako-Ijaiye local government area of Lagos 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 UBE board members and teachers, selected through proportionate stratified random sampling technique from the local education district in Ifako-Ijaiye local government area of Lagos-state was used to find out how secondary school principals manage school funds for school effectiveness. Descriptive  statistics and a one-way ANOVA were employed for data analysis. Results of the study showed that issuing receipts for all monies collected  from parents, students etc, involving sectional and departmental heads in budget preparation; rendering financial reports to the Post-primary school management board, among others, are ways principals in Ifako-Ijaiye local government area manage school funds. The state government and owners of private schools (proprietors/proprietress) should provide secondary schools with appropriate money “safe” or open a good bank account for the school where the school funds can be properly kept.