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This study describes the managing of discretionary, school-generated monies by high school principals

Principals (N=1303) in large, public high schools were asked about the policies and practices pertaining to the fiscal management of discretionary funds, like business partnerships, student activities, athletics, concessions, fundraising, and other funds that make up the hidden economy in public schools. The principals filled out a 76-item survey that explored their money-management skills, how confident they were in handling money, how much nondedicated monies actually passed through their schools every year, and what external factors influenced their practices of money management. Results show that almost half of the principals spent between 6-10 percent of their time on money management, with 90 percent having bookkeepers. Some 86 percent were authorized to sign checks; 99 percent had a role in purchasing; and 79 percent could enter into a contract with a vendor for goods and services. Findings also show that collaborative decision making with teachers and school-based management are important components in handling money. Principals in large districts were more affected by educational trends and were less likely to be compliant to hierarchical authority. (Contains 10 references.) (RJM)

Descriptors: Budgeting, Educational Finance, Financial Policy, Financial Problems, High Schools, Money Management, Principals, Professional Autonomy, Public Schools, School Funds

Autor: Gonzales, Kathleen; Bogotch, Ira

Fuente: https://eric.ed.gov/?q=a&ft=on&ff1=dtySince_1992&pg=9845&id=ED426474

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