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  • How was the policy derived?
  • Is it reviewed regularly? [explain]


  • Is the funding received from the state sufficient?


  • Is your school ranked in the correct quintile?
  • Do you track the expenditure of Norms and Standards via a commitment register?
  • How much are your annual school fees and what is the

collection rate [bad debt factor]?


  • Are parents aware of the DoEs exemption policy?
  • Are there mechanisms in place to track school fees collection?


  • Explain how your school budget is drawn up?


  • What is your role in the budgetary process?
  • Are all stakeholders involved in the process?
  • Is a budget variance maintained to monitor expenditure?

5.the role of the school governing body

  • Does the school have a legally constructed finance committee?


  • Who serves on the FINCOM?
  • How often does the FINCOM meet?
  • Provide minutes of the meeting of the FINCOM?
  • Does the school have the necessary personnel to perform the required financial functions/duties?


  • Do the school have a finance officer/ bursar?
  • Who serves as the treasurer of the school?
  • Who are the signatories to the school fund account?

6.the role of staff

  • Indicate the aspects of financial management in which the staff are involved?


  • What is the role of staff in budgeting?
  • Do any staff members sit on the FINCOM?
  • What, if any, assistance is given by the Business, Commerce and Management [BCM] Head of Department [HOD]and the accounting teacher/s?

7.records and register

  • Are the statutory records [books of account] and registers

[Assets; Stock&LTSM] adequately maintained?


  • By whom?
  • Are monthly bank reconciliation done?
  • Does the school maintain petty cash?
  • Does the school conduct the annual Board of Survey?

Accountability and transparency

  • How are stakeholders kept informed about the financial

standing of the school?


  • Are the monthly statements of receipts and payments; Bank Statements and Bank Reconciliation Statements submitted to the DoE?
  • Are quarterly Statements of Receipts and Payments presented to the School Governing Body?
  • Are annual financial statement audited [by a reputable auditor as specified in SASA and presented to the parent body as well as submitted to the DoE timeously]?

Financial management training

  • Has the DoE provided you and/or your SGB adequate training on managing the schools finances?


  • Have you been inducted after you assumed duty as a principal?
  • Did the induction include aspects of Financial Management?
  • Are you sufficiently equipped and qualified to perform your financial management role function as elucidated above?
  • Do you have any other academic or professional qualification?
  • Do you think you are adequately trained / capacitated to manage the schools finances?
  • Do you receive from your Superintendent of Education?

10.time management

  • As the instructional leader, do you teach [any subject] and if so how many hours per week do you spend in the classroom?


  • Approximately what percentage of your non-teaching time [NTT] is allocated to financial management?
  • Is financial management as “a needless added responsibility”?
  • Are you able to delegate some of you financial management responsibilities to members of the School Management Team?


  • Comment on Team Work and ability and/or willingness of the SMT to assist.
  • To what extent is the SGB able to assist in the financial management of the school?

Questions & Answers

Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
for teaching engĺish at school how nano technology help us
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, Financial management of schools. OpenStax CNX. Nov 16, 2009 Download for free at http://cnx.org/content/col11137/1.1
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