FINANCIAL MANAGEMENT COMPETENCE OF HEAD TEACHERS, UTILIZATION PRIORITIES AND RELATIONSHIP WITH SCHOOL PERFORMANCE

The study aimed at finding the impact of school Head teachers’ budget management competencies, utilization priorities and relationship with school performance. The objectives of the study were; (i) to identify the budget management competencies among Head Teachers of secondary schools, (ii) to explore the priorities of head teachers regarding the utilization of Budget in secondary schools and (iii) to find out the relationship of secondary schools Head teacher’s budget management competency on school performance. The population consisted of 431 head teachers (202 male & 229 female) working in secondary schools of district Sargodha. All 352 head teachers were taken as sample. Two research instruments i.e., questionnaires for head teachers on a five-point rating scale and a checklist on three points were developed. The reliability coefficient Chronback Alpha value was .904. The major findings of the study were; Majority of Headteachers were good enough in budget management competencies and there was a positive and moderate correlation between the financial competencies of head teachers and their school performance. It is recommended that a committee of senior Head Teachers may be notified by the competent authorities for guidelines on financial issues.