Situational analysis of financial sustainability in selected public secondary schools in Ndola district of Zambia.
Date
2022-07-15
Authors
Chisanga, Makumba Anthony
Journal Title
Journal ISSN
Volume Title
Publisher
The University of Zambia
Abstract
The aim of this study is to establish the financial situation, sources of funds and how sustainable
are the funds in the selected public secondary schools in Ndola district of Zambia. Descriptive
design was used to facilitate description and inference building about population parameters and
the relationship among two or more variables. The purpose of descriptive research was to
describe the state of affairs as it was at present. The study targeted five public secondary schools
in the southern zone of Ndola district. The study used the interview guide as a means of
collecting data. The study established that the financial situation in schools is bad to help
financial sustainability in public secondary schools. It further found out that most finances come
from Government grants and user fees. It established that four (3) schools fail to sustain funds in
schools due to poor budgeting skills by the Administrators. Only 25% of schools managed to
carry out planned activities for the whole year because of other fundraising ventures they are
involved in. The outcome states that the predictive model is key to financial sustainability for
public secondary school‟s educational institutions.
The study recommended that the government should come up with the system that will give full
mandate to school Head Teachers to collect user fees in order to sustain finances in public
secondary schools. For instance, allow the school authority to only allow pupils whose user fees
are fully paid up should be in school. Schools should engage in intensive fundraising ventures
such as fish farming selling items made from industrial arts and home economics as well as
hiring of school buses as a means of public transport. The government should be organizing
more intensive training sessions in financial management for school authorities to enable them
have proper budgetary skills.
Description
Thesis
Keywords
Education--Finance.