The demand for proper financial management in schools is dictated by the South African Schools Act 84 of 1996, Section 43(1), according to which public schools must retain a suitably qualified accountant registered in terms of the Public Accountants and Auditors Act, 1991 (Act No.80 of 1991), to audit the school's financial records and statements.…

Previous studies tend to not only assess principals' demographic variables but also use other dependent variables, such as administrative effectiveness, job performance, and student achievement. In the literature, principals' demographic qualities and the misuse of material capital have been under-assessed. This study used a quantitative approach…

As part of their commitment in the 2022 School Resource Management Strategy to research good practice and share findings with the sector, the Department for Education (DfE) commissioned CooperGibson Research (CGR) and St. Mary's University, to conduct qualitative research exploring school and trust business practices. The research aimed to better…

School district leaders are responsible for managing million-dollar budgets, but many have received little or no training in education finance. Marguerite Roza discusses a recent analysis of administrator preparation programs that revealed startling gaps in content, including a tendency to focus on revenue in their finance education, instead of on…

This study examined high-school principals' perceptions of their preparedness for their financial responsibilities. The participants were high-school principals from the state of Wisconsin. Surveys were sent to 150 high-school principals who were members of the Association of Wisconsin School Administrators (AWSA), Wisconsin's professional…

In Hong Kong, there is an acute need to provide newly appointed principals with opportunities for continuous professional development so that they could face the impact of reforms and globalization on school development. The Education Bureau has commissioned the tertiary institutions to provide structured professional development courses to cater…

Today's school business officials are more aware than ever of the importance of making every dollar count. As they scour their budgets for possible savings, they may be tempted to reduce investment in school infrastructure, perhaps by deferring maintenance, renovations, and replacement of outdated facilities. However, school business officials…

When President Obama first signed the American Recovery and Reinvestment Act of 2009 (ARRA), he took much criticism for spending more money--$787 billion more--when the nation was reeling from decades-old debt, a more than 9 percent unemployment rate and a mortgage crisis. But this measure has allowed public school district leaders to invest in…

Describes how six colleges--Purdue, Knox, Eastern Illinois, Dakota Wesleyan, Michigan Tech, and Andrews--got creative to cut costs and weather the budget crunch. (EV)

The problem of full disclosure of the financial operation and position of a school system is discussed in this paper. Techniques described for analyzing revenue and expenditure patterns include percentage changes and index numbers for horizontal analysis and proportions for vertical analysis. Also discussed are how financial reports are affected…

Advises administrators about how to invest school money in accounts that draw the maximum amount of interest. (WD)

Compares two models of cash flow management derived from inventory control theory with the heuristic approach to financial management employed by an illustrative school district. (Author/WD)

Points out that many state laws allow the investment of student funds such as those for yearbooks and argues that the California code concerning such investments should be the law of the land. Points out how high school publications can earn a large sum of interest by investing properly. (TJ)

Describes how a growing trend toward donor-advised funds, which function much like the creation of a private foundation, is helping higher education establish stronger ties to large donors. (EV)

Discusses the creation of an asset management firm by the University of North Carolina, a wholly owned subsidiary to manage the university's cash, endowment fund, and planned giving assets. (EV)