|Managing funds is one of the major
tasks of a school head. The success of any school programme
depends very much on the way the financial inputs are managed
and this, in turn, affects the overall performance of each school.
It is therefore important that all school heads have a sufficient
knowledge of finance to be able to be effective financial managers.
However, financial management is one of the areas where many
practising heads have had neither pre-service, nor in-service
training prior to their appointment, and this has contributed
to the failures of many schools. The purpose of this module
is to reverse this trend and to equip school heads, and those
aspiring to be heads, with the necessary knowledge and skills
of good financial management.
Individual study time: 32 hours
After working through this module you should be able to:
identify and mobilise financial resources for your school
draw up an effective budget
account for school funds properly
This module is divided into six units.
1: Sources of school funds
This unit aims to assist you in identifying possible sources
of school finance, and in gaining knowledge and skills for mobilising
2: School budgeting
Through this unit you will learn how budgets may be drawn up
and managed effectively.
Unit 3: Mobilising financial resources
Here you will learn to identify specific ways of mobilising
financial resources and be encouraged to practice them within
the rules and regulations under which you have to operate.
Unit 4: Basic framework and mechanism of financial management
In this unit you will learn about the basic framework and mechanisms
of financial management and gain experience in their application.
Unit 5: Expending and accounting
for school funds
In this unit you will learn about key accounting procedures
for managing school funds, in order that you should be able
to demonstrate full accountability in the management of the
funds of your school.
6: Auditing school account books
Finally you will analyse the reasons for auditing school accounts,
and learn about ways in which this may be done and the stages
This module was written by a team in Uganda:
Mr J L Nkata District Education Officer, Mpigi (Team Leader)
Mr S B Onek Assistant Commissioner for Education (Primary)
Mrs G N Bitamazire Deputy Chairperson, Teaching Service Commission
Mr T Balemesa Ag Assistant Commissioner for Planning (Primary)
Dr F O Passi Lecturer, Faculty of Education, Makerere University
Mr S M Ssekamatte District Inspector of Schools, Mpigi District