Working Capital Management

The effective management of working capital in public high schools is essential for sustaining educational programs and operations. Financial disruptions often hinder schools from adequately funding initiatives, leading to resource shortages and delayed projects. Schools must adopt sound financial management practices to mitigate these challenges, including strategic budgeting, efficient cash flow management, and transparent fund allocation.Diversifying revenue sources through partnerships, sponsorships, and community engagement can provide additional financial support. Moreover, implementing strict cost-control measures and accountability systems ensures that available resources are utilized optimally. By integrating these strategies, schools can navigate financial uncertainties and maintain the continuity of key programs despite funding perturbations.

Autorentext
Mehluli Moyo is a holder of a Master of Science Education Degree in Accounting and Business Studies and a Bachelor of Science Honours Degree in Accounting and Business Studies from the National University of Science and Technology (NUST) in Zimbabwe. He is a lecturer in the Department of Science, Mathematics and Technology Education.