The centralized general resource allocation for schools is a standard of the Greek Educational System. At the same time, every school unit receives a limited capitation (per student) allowance by the Local Authorities, especially for maintenance purposes and minor expenses for the anchillery staff. The prime responsibility for managing this “delegated budget” rests with the school Head or principal and – according to the Greek Law – cannot be shared by any junior managerial team or person. Moreover, the Head is responsible for the School Committee, the finance subcommittee, with respect to budgeting. There is a strong belief among school Heads that they should receive information and training beforehand so as to be able to deal with the financial situation of their schools. However, the writer adheres to an entirely different opinion on this issue. Thus, this paper aims particularly at actual and aspiring school Heads. It describes the responsibilities as well as the fields of expenditure and fund allocation within the school management cycle and proposes ways in managing effectively the bulk of finance work. |