Financial Management in Public Secondary Schools, Arumeru District, Tanzania: An Econometric Case Study

The main purpose of this study was to investigate the skills of heads of schools in managing unit costs for financing students in public secondary schools in the Arumeru District Council. Effective financial management is critical for optimizing the limited resources available to public schools, and the competence of school heads in handling unit costs plays a pivotal role in this regard. The research employs a mixed-methods approach, combining quantitative surveys and qualitative interviews with school heads, teachers, and district education officers. A sample size of 30 heads of secondary schools, 60 secondary school teachers, and 1 district education officers were used in this research. The findings reveal that while some heads of schools demonstrate proficient financial management skills, others lack the necessary expertise, leading to inefficiencies in resource allocation and utilization. Also the study revealed that the head of schools are involved in the process of making budge. However the key factors influencing their financial management skills include professional training, experience, and support from district education authorities. The study underscores the need for targeted professional development programs to enhance the financial management capabilities of school heads. Recommendations include the implementation of continuous training workshops, peer learning opportunities, and stronger support mechanisms from the district education offices. By improving the financial management skills of school heads, public secondary schools in the Tanzania can better allocate resources, thereby enhancing educational outcomes and ensuring sustainable funding mechanisms.