Yuli Pendriana, Tri Joko Raharjo, Suwito Eko Pramono, Arief Yulianto, Mohd Hasmadi Ismail
In Indonesia, many school principals and education personnel across various education levels demonstrate a lack of the knowledge and competencies needed to effectively manage school finances. This lack of knowledge and competencies manifests in school outcomes across the country. This study aims to identify and develop a practical and empirically-based factual model of financial management for private schools that receive subsidies from the Regional Budget (APBD), particularly through the Region al School Operational Assistance (BOSDA) program. The model was designed as an alternative framework based on real-world financial management practices in private high schools in Semarang, Indonesia. Purposive sampling was used to select respondents. Data were collected through semi-structured interviews and document analysis. The results revealed that some financial management issues in schools appeared to evade supervision, despite the sampled schools having prepared financial reports in accordance with regulations. However, the analysis identified several components that were still not compliant. Nonetheless, this study provides valuable theoretical and practical implications for authorities responsible for overseeing financial management in private schools. © 2024, Creative Publishing House. All rights reserved.
Department of Education Management, Postgraduate School, Universitas Negeri Semarang, Jl. Kelud Utara III No.15, Petompon, Kec. Gajahmungkur, Jawa, Tengah, Kota Semarang, 50237, Indonesia; Department of Management, Faculty of Economics and Business, Universitas Negeri Semarang, Indonesia, Sekaran, Kec. Gunungpati, Jawa Tengah, Kota Semarang, 50229, Indonesia; Faculty of Forestry and Environment, Universiti Putra Malaysia, Persiaran Tulang Daing, Selangor, Serdang, 43400, Malaysia
