Thesis(MPA.) -- University of Limpopo, 2022 / Schools depend on the funds allocated by the government, parents and to an extent
donation from Non-Governmental Organisations (NGO). According to the Public
Finance Management Act, 1999 (Act 1 of 1999), all public institutions must utilise
funds in an effective, efficient and transparent manner. Schools as one of the public
institutions are therefore expected to meet the expectations. To ensure compliance
and smooth administration of public finances in schools, the government developed
rules, legislations and policies as guiding tools in the administration of finances. In
the school setup it is the responsibility of the school governing bodies guided by the
principals to ensure proper and lawful usage of funds (South African Schools Act,
1996, Act 84 of 1996). Furthermore, South African Schools Act, 1996(Act 84 of
1996), stipulates that the responsibilities and the accountability of the finances rest
on the shoulders of the Finance Committee. It is therefore necessary for the Finance
Committees to have the necessary competencies in financial management and
administration.
The study aimed at investigating the competency of the Finance Committees in
administering the financial resources in Phokoane Circuit schools. The study was
guided by the Professionalism Theory to address the research problem.
Professionalism theory also assisted in the methodology used to collect and analyse
data to obtain trustworthy findings. The study is a qualitative research enquiry in
nature. The study employed qualitative research methods in which data was
collected through interviews and document study. Four no- fee schools were
sampled. The treasurer, finance officer, SGB Chairperson and Deputy Chairperson
of each sampled school constituted the participants of the study.
The study revealed lack of knowledge and skills in financial administration, non compliance of the legislation frameworks and the financial policies, insufficient
accountability; control and monitoring of finances, lack of teamwork, incompetence of
Finance Committees members, insufficient financial resources and overlapping of
responsibilities between the principals and Finance Committees in schools. Based
on these findings the study recommends that in-depth training of Finance Committee
be undertaken, Finance Committee members are developed in financial legislative
frameworks and policies. Furthermore, the study recommends that the Finance
Committee be developed on programmes in accounting, monitoring and control of
finances. Additionally, the study also recommends that teamwork on the financial
activities be enhanced and that financial resources in schools be adequately
available. Through the development of members of Finance Committee the
overlapping responsibilities between the principals and the committee will be
avoided.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:ul/oai:ulspace.ul.ac.za:10386/3975 |
| Date | January 2022 |
| Creators | Phakwago, Hubale Ruth |
| Contributors | Van Rooyen, E. J. |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | xxvii,92 leaves |
| Relation |
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