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|Title:||Analysis of Methods Used To Finance Development Projects in secondary Schools:A Case Study of Schools in Nakuru Municipality|
|Authors:||Mujumba, Fredrick, Obwoyere|
|Abstract:||Demand for secondary school education has grown at a remarkable pace due to increase in population among other factors. With the emergence of free primary education, it is expected that additional facilities in secondary schools would be needed due to the increase in demand. This study analyzed methods of ﬁnancing secondary school development and focused on three areas: fees charged, implementation period and efﬁciency and effectiveness. Speciﬁcally, effectiveness and efﬁciency of ﬁnancing methods was assessed and the effect of both ﬁnancing method and implementing period on fees charged determined. An aggregate measure of efﬁciency and effectiveness called implementing coefﬁcient was developed and used. Hypotheses that ﬁnancing method does not inﬂuence implementing coefﬁcient and fees charged were tested by means of Analysis of Variance (AN OVA). Fees were modeled as a function of variables of the project including cost per student, implementing period, collection efﬁciency, and status of the scholar. Regression analysis was used to test the hypothesis that implementing period does not lead to increases in fees paid by students. Using a data set of 65 completed projects spanning ten years the results showed no signiﬁcant difference in efﬁciency and effectiveness of ﬁnancing methods surveyed and that these ﬁnancing methods did not inﬂuence fees charged. The result also indicate that cost per student, implementation period and status of scholar positively inﬂuenced the fees charged with the resulting equation supporting postulated causal relationships since it accounts for 66.9% of the fees charged. The ﬁndings suggest that for fees to be at considerably low levels, managers of secondary schools should reduce implementing period and improve collection efﬁciency for whichever ﬁnancing method used to ﬁnance development projects.|
|Appears in Collections:||Faculty of Commerce|
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|Analysis of Methods Used To Finance Development Projects in secondary Schools..pdf||Thesis||23.38 MB||Adobe PDF|
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