CHALLENGES OF EFFECTIVE UTILIZATION OF FISCAL RESOURCE IN SECONDARY SCHOOL MANAGEMENT

Resources are critical in the survival of any organization especially the school. Resources are asset that are available at the disposal of an organization for use in the process of achieving organizational goals. All educational resources require finance in the purchase, maintenance and implementation of different objectives in the school system. This paper is focused on challenges of effective utilization of fiscal resource in secondary school management. These challenges are transparency and accountability, educational wastages, change and innovation, over and under investment, equality and equity among others. This paper discussed fund utilisation in schools, fiscal policies in school management and strategies for the management of school finance and fund was also discussed. It was suggested that insufficient funds received by secondary school schools which are as a result of low budgetary allocations from the three tiers of government on education has necessitated the school heads or principals to ensure that available funds are efficiently and effectively managed and utilized.