In this Master’s work, applying the Student’s basket method, is dealt the financial system of General Education Schools of Lithuania. Furthermore, it is estimated the necessity to refine skills of management and the responsibility for the financial state of educational institution. It was done the analysis of science works and documents. For collecting of the empirical information, a questionnaire was chosen as the main method. The respondents of the survey were the deputy directors and school directors of General Education Schools from towns and districts of Šiauliai, Joniškis, Pakruojis, Kelmė, Radviliškis. The conclusions of the survey were formulated. The raised and corroborated hypothesis, about directors’ of educational institutions discontent with the imposition of Student’s basket and the deficit of finances given to schools, has falsified.