FINANCIAL MANAGEMENT PRACTICES IN SECONDARY SCHOOLS: A CASE STUDY OF SELECTED SCHOOLS IN MANSA DISTRICT

5 Jun

Authors: Alfred Chibinda

Abstract: This study investigates the financial management practices in selected secondary schools in Mansa District, Luapula Province. It focuses on how school administrators plan, allocate, utilize, and monitor financial resources in alignment with established policies. The research adopts a qualitative case study design, utilizing interviews with key stakeholders, document analysis, and on-site observations to gather relevant data. Results indicate that while most schools attempt to follow the Ministry of Education’s financial guidelines, there are notable inconsistencies in budgeting procedures, record keeping, and the involvement of key stakeholders such as the Parent-Teacher Association. Challenges include delayed funding, lack of training, and limited transparency. These gaps often result in inefficient resource utilization and weakened accountability systems. The study recommends enhanced financial training for school personnel, the integration of digital financial management tools, and stronger oversight mechanisms to promote transparency, efficiency, and stakeholder trust in school financial operations.