Abstract: Many public secondary schools in Kenya have faced several challenges in in respect to the financial sustainability. This is evidenced by failure by some of these schools to pay teachers and other subordinate staff on the payroll of the Boards of Management. In the view of this realization, this study sought to determine the influence of cash management practices on financial sustainability in public secondary schools. Specifically the study examined influence of cash flow forecast on financial sustainability of public secondary schools in Nakuru Town East Sub-County, Kenya. The study was guided by debt management theory. The study employed a survey research design, the target population was54 respondents which comprised 27 principals and 27 bursars working with the public secondary schools in Nakuru Town East Sub-County where census survey was adopted. Questionnaire was used collect primary data. Descriptive and inferential statistics were used to analyse data. The research findings indicated that public secondary schools were able to predict their income from various income generating activities. It was disagreed that the cash flow forecast duration was flexible. Cash flow forecast had a positive and significant relationship with financial sustainability.
Keywords: Public secondary schools, Cash flow forecast, Nakuru Town East Sub-County, Financial sustainability.
Title: INFLUENCE OF CASH MANAGEMENT PRACTICES ON FINANCIAL SUSTAINABILITY OF PUBLIC SECONDARY SCHOOLS IN NAKURU TOWN EAST SUB-COUNTY
Author: Agnes Jerotich Ngetich, Margaret Waruguru, Antony Wahome
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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