DOI: 10.36347/sjahss.2018.v06i07.005

Pages: 1367-1381

This study was to investigate the effectiveness of stakeholder involvement in the management of financial resources in public secondary schools in Mzilikazi district of Bulawayo Metropolitan Province. As a guide in setting the course for the investigation the sub problems of the study focused on sources of income in schools, systems put in place for the control and management of financial resources, qualities of effective stakeholders in financial management and the challenges and solutions to financial management. The research sought to establish the effectiveness of stakeholder involvement in managing financial resources in public secondary schools. The target population was 22 public secondary schools in Mzilikazi District and all the members that formed the school interim finance committee. A sample of 4 schools and its committee members were studied. In this study, the researcher opted for a case study approach because of its depth in focus. Questionnaires and the interviews were used to collect data which was later put into tables for analysis. Descriptive statements were also used. It was established in this study that financial resources in schools were inadequate due to their sources. As a result, stakeholders in financial management were negatively affected. The study also concluded that role conflicts, priority settings and lack of financial management background affected the management of school financial resources by relevant stakeholders.