Abstract: The study ascertained financial management practices of secondary school principals in Kaduna State. Four research questions and two null hypotheses were formulated to guide the study. The study employed a survey research design. The population was not sampled due to the manageable size hence 624 principals of government grant aided secondary schools were used. A forty seven item questionnaire was administered on 312 junior principals and 312 senior principals respectively. Mean rating and standard deviation were used to answer the four research questions while t-test statistics was used to test the two null hypotheses. The test of the two null hypotheses showed that there was no significant difference in the mean ratings of junior and senior secondary school principals on sources of funds for secondary schools, and there was no significant difference in the mean ratings of senior and junior secondary school principals on how funds are managed in secondary schools in Kaduna State. The findings of study revealed that principals explore other sources of funds such as P.T.A. levies, funds from school farms, magazines, speech and prize giving day, and canteens. Money raised from these sources are included in school budget therefore such funds are accounted for. Budgetary plans are made in collaboration with heads of department but not strictly adhered to in terms of implementation. Furthermore, the findings showed that there were several factors militating against financial management such as ghost workers, untimely disbursement of funds, lack of ICT training in the bursary department and neglect of internal auditing.Abstract: The study ascertained financial management practices of secondary school principals in Kaduna State. Four research questions and two null hypotheses were formulated to guide the study. The study employed a survey research design. The population was not sampled due to the manageable size hence 624 principals of government grant aided secondary schoo...Show More
