BUDGETING FACTORS IN SECONDARY SCHOOLS: DETERMINANTS OF TEACHERS PERFORMANCE
CHAPTER ONE
INTRODUCTION
1.1 THE STUDY’S BACKGROUND
Educational administrators have long recognized the value of budgeting. Budgeting is a dynamic accounting tool at the disposal of management for the optimal allocation of resources in the face of scarcity through effective planning, coordination, and control of a business’s financial activities.
Budgets are now at the top of the list of management tools. According to Madumere (2008), budgets are operational instruments for allocating resources in the economy and transforming society in accordance with predetermined goals.
Education managers will want to know the percentage of public funds allotted to education in order to know exactly what financial resources are available to them for program planning and execution during the specified time period. This implies that decision-making in any organization, including education and other training grounds, would be hampered in the absence of budget analysis.
Education, as a tool for change, undergoes periodic reforms in the development of any nation. Teachers are the primary drivers of these reforms, and they must be fairly compensated and promptly paid in order for them to give their all.
According to Perrin (2009), the term “global budget” derives from the French word “baguette.” It was first used in England to refer to the white leather bag or pouch that held the seal of the medieval Exchequers court.
Later, the minister’s bag containing his proposal for financing government expenditure became known as his budget; whenever he presented his proposal to parliament, he was said to “open his budget,” a phrase first used in 1733AD.
In recent years, the role and importance of the budget have taken on a new dimension in both the public and private sectors of the economy. Budgeting is regarded as a critical mechanism in the management of organizations, particularly the complex educational system.
The budget could be for a single year or for two years. The analysis would aid in the evaluation of the share allocated to education over the specified time period.
Education managers, planners, and administrators must be familiar with budget analysis in order to perform their duties effectively. The budget specifically shows how much of the state’s budget is allocated to the education sector and sectors for the fiscal year 2011.
It is sufficient to state that the Lagos State Government released an intended expenditure of N52,000,000 (One Hundred Fifty Two Million Naira only) in its line item budget system in 2011 for the running of each of its sit educational districts, including the area under study.
As axpansitated in chapter two of this study, this equates to 48 percent for the fiscal year. The calculation of the percentages of each of them over the total budget is a technique widely used in budget analysis. This determines the effect proportion of the item in question.
It is difficult for educational planners to analyze budgets that are inevitably determined by teachers. This is due to the fact that it takes motivated teachers or workers to make the best use of the resources available to them.
Related: The Effect of Instructional Materials on Economics Learning and Teaching in Senior Secondary Schools
Against this backdrop, this study aims to examine any form of narrowly conceived budgeting system or those that are insensitively applied and thus dysfunctional to Nigeria’s educational system. As a result, this project research of a mind the budgeting system of the case study, Lagos education district Two coping of Oshodi/Isolo L.G.A and its surroundings.
1.2 THE STUDY’S IMPORTANCE
This study accesses budgeting factus determinants of teacher preference in public decay schools in Lagos State to determine whether Nigeria has benefited from its budgeting administration and to evaluate this development to effective school administration in which the teacher is the prime mover of the economy is below off.
As a result, the following people will benefit from the research:
1. Controlling
2. Instructors
3. College students
4. the government
1.3 TERM DEFINITION
1. Budgeting: A comprehensive and coordinated plan, expressed in financial terms, for an enterprise’s operations and resources in the future for some specific purpose.
2. Secondary Schools: This is the level of formal education after primary school and before tertiary education.
3. Control: A measure put in place to prevent a task from being completed.
4. Budget Committee: A body in charge of budget preparation in a given organization.
5. Budget circle: A series of events that occur in the same order each year and add up to an approved budget.
6. Educational Budget: This is a tool used to allocate resources in the school system. For performance planning and execution during the specified time period
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