International Research Journal of Innovations in Engineering and Technology - IRJIET International Open Access, Monthly, Peer Reviewed, Reputed Journal ISSN (online): 2581-3048

Impact Factor (2025): 6.9

DOI Prefix: 10.47001/IRJIET

Financial Management Practices and Education Service Delivery in the Selected Government-Aided Secondary Schools in Masaka City, Uganda

Abstract

The financial management practices are critical in ensuring optimal outcomes in the education sector. Financial management practices serve as the foundation for effective resource allocation and utilization, directly influencing various aspects of educational delivery. The study investigated the relationship between financial management practices and education service delivery in Masaka City. It was guided by three specific objectives to; examine the relationship between: i) financial planning ii) financial control, and iii) financial risk management and education service delivery. The study employed a descriptive correlational and cross-sectional research design. The target population was 277 people, from which a sample size of 162 respondents was selected. Data were collected through self-administered questionnaires and interviews.  Descriptive statistics was used to present the data while correlation and regression analysis, yielded significant results: financial planning showed a strong positive correlation (r = 0.756; P<0.001) with education service delivery, while financial control demonstrated an even stronger link (r = 0.822). Financial risk management also indicated a positive correlation (r = 0.736). Regression analysis further confirmed that all three financial management practices exert a positive and significant effect on education service delivery, with coefficients of β = 0.434 for financial planning, β = 0.313 for financial control, and β = 0.387 for financial risk management.  Based on these findings, the study recommends that Masaka City should prioritize the establishment of comprehensive training programs aimed at enhancing financial literacy among educational administrators. Such training should focus on strategic planning, financial control measures, and effective financial risk management strategies. Additionally, the establishment of robust financial governance frameworks within educational institutions is crucial to ensure accountability and transparency in financial practices. By equipping stakeholders with invaluable skills to identify, assess, and mitigate potential financial risks, these initiatives are anticipated to yield significantly improved educational outcomes, ultimately fostering a more resilient educational environment in Masaka City. Implementing these recommendations can therefore catalyze the enhancement of educational service delivery, contributing to the overall development of the education sector in the region.

Country : Uganda

1 Kayanja David2 Kafeero Hariet3 Musoke Matthew

  1. School of Graduate Studies and Research (SGSR), Team University, P.O. Box 8128 Mengo, Kabaka A’njagala Road, Kampala, Uganda
  2. College of Higher Degree and Research (CHDR), Kampala International University, P.O. Box 20000, Kansanga, Ggaba Road, Kampala, Uganda
  3. College of Higher Degree and Research (CHDR), Kampala International University, P.O. Box 20000, Kansanga, Ggaba Road, Kampala, Uganda

IRJIET, Volume 9, Issue 5, May 2025 pp. 352-387

doi.org/10.47001/IRJIET/2025.905042

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