Assessment of Budgeting Literacy Affect on Provision of Physical Resources in Public Secondary Schools in Buuri Sub-county

Abstract

Budgeting refers to how business funds are managed effectively. Budgeting literacy is essential for proper management of school finances and hence provision of physical facilities. Thus, the current research seeks to find out the influence of budgeting literacy on physical resources in public secondary schools in Buuri Sub-County. The study was guided by institutional theory. This study was based on a descriptive research design. The study used a sample of 102 respondents comprising of 34 principals, 34 chairpersons of Parent-Teacher Association (PTA) and 34 chairpersons of Boards of Management (BOM) from 34 public secondary schools in Buuri Sub-county. The study employed two sets of questionnaires (one for principals and the other for the PTA and BOM chairpersons) as data collection instruments. Descriptive analysis was used to analyze quantitative data while thematic approach was used to analyze qualitative data. Tables and figures were used to present quantitative data while narratives were used to present qualitative data. The study concluded that literacy in various budgeting aspects like constant reviewing of the budget, needs analysis, planning, accountability, evaluation and monitoring of the budget implementation and clear school policy on management of financial resources enhances provision of physical resources in schools.