THE STATUS OF FINANCIAL RESOURCES MANAGEMENTIN GOVERNMENT SECONDARY SCHOOLS OF WEST HARARGHE ZONE IN CASE OF DARO LABU DISTRICT, OROMIA REGIONAL STATE

Abstract

The purpose of this study was to assess the status of financial resources management in government secondary schools in Daro labu district of West Hararghe Zone. For this study, descriptive survey research design with both quantitative and qualitative research method was employed. A total of 96 samples (5, principals, 6 vice principal. ,20 department head, 20 co curricular leader,5 school accountant,35PTSA members,1 woreda finance office representatives, 2 supervisors, 2, woreda education office representatives were the participants of the study. The samples were selected from five secondary schools by purposive, census sampling techniques. Questionnaire, interview, and document review were used as instrument of data collection. The quantitative data were analyzed by using descriptive statistics and qualitative data were presented in narrative. The major findings were, lack of hiring qualified financial personnel or unfulfilling the structure of human powers particularly administrative staff needed for secondary school which is about the implementing the education policy into practices Similarly lack of competences, training, transparency, timely auditing and appropriate checks and control, and delay of budget, violation of school finance rules and regulations, Poor participation of stakeholders, and the scarcity of financial materials in the schools were the main problems that hinders effectively and efficiently use of financial resource management in secondary schools, In conclusion the school lacked luck of financial skilled man power active participation of the stakeholders, capable human resource in financial management practicing, financial rule and regulation. Hence, it is recommended that, woreda education offices and zone education office collaborate should hiring or assigning competent and experienced employees and prepare short term training for school financial stakeholders..woreda education office and schools should take measures to improve the participation of stakeholder, financially skilled manpower, schools should report budget performance to the concern bodies, and regular auditing should be carried out by the woreda education and finance office.