Effects of cash management practices on financial performance of public secondary schools in Pallisa district-Uganda.

Abstract

The purpose of this study was to determine the effect of cash management practices on financial performance in Kamuge high school. The study was guided by the following objectives: Effects of cash budgeting, effects of internal control systems and effects of auditing on financial performance of Kamuge high school The study used a descriptive survey study research design and was conducted using Stratified sampling with a sample of 42 respondents from public secondary school administrators in Pallisa district, the study used primary which was obtained by use of structured questionnaires. After quantitative data was obtained through questionnaires, it was prepared in readiness for analysis by editing, handling blank responses, coding, categorizing and keyed into statistical package for social sciences (SPSS) computer software for analysis. The particular descriptive statistics included frequencies and percentages. Findings revealed cash budgeting has affects the financial performance of schools, findings disclosed that internal control systems significantly influence on financial performance of public secondary schools and The findings from the study assert that, majority of the respondents were dissatisfied with the auditing of schools and therefore recommends schools to keep up to date accounting records since poor record keeping subjects the institution to loss of money and other important information, and this can be done by adopt record keeping systems for example record keeping software which may help in tracking expenses, debts, and creditors, apply for additional funding and save time and accountancy costs.