This book will provide readers with knowledge and understanding of the theory and practice of managing finance, resources and stakeholders in schools and colleges. Written specifically for those studying for an academic qualification at Masters level in educational management, it provides self-study material and links to other key texts in the field. The authors deal with the links between finance, resources and stakeholders in the context of school and college self-management. Examples are drawn from international settings as well as from the United Kingdom. Building on an examination of theoretical perspectives, practical considerations and applications are examined in a format which encourages the reader to explore the c
Chapter 4: Delegated Financial and Resource Management
Delegated Financial and Resource Management
The situation of self-management – as described in Chapters 1 and 2 – brings with it a delegated responsibility for financial and resource management, allocation systems for which were described in Chapter 3. In countries and systems where there is little or no self-management, budgets may still be devolved from a central or local authority to educational managers, to be used for specific educational purposes.
In this chapter we introduce a framework of responsibilities which we consider are present – to a greater or lesser extent – across this spectrum of systems. Whether the responsibilities are taken up by senior or by middle ...