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National Open University Exam Past Question – EDA 834 OCTOBER 2013 EXAMINATION

NATIONAL OPEN UNIVERSITY OF NIGERIA EDA  834 Budgeting  and  Financial  Management  In  Education

14 16 AHMADU BELLO WAY, V I CT O R I A I SLA N D LA G O S SCH O O L  O F  ED U CATI ON

OCTOBER  2013 EXAMINATION

 

Course  Code:   EDA  834

Course  Title:   Budgeting  and  Financial  Management  In  Education

Time:                2  ½ hrs

 

Instruction:  Answer Question one and any other two .

 

 

 

  1. Mr Phillip Adodo is the proprietor of The Grace International School, Lagos. Mr Adodo holds M.Sc. in Mechanical Engineering. His school is a co-educational  school with both boarding and day facilities. The school has pre-school, nursery, primary, secondary and advanced levels with a total students’ enrolment of 1000.  The minimum income that comes into the school every academic year is sixty million naira (N60,000,000.00).

 

With the presence of the physical facilities, curriculum coverage and the location of the school, parents keep bringing their children to the school; but Mr Adodo can hardly settle all the school bills including payment of salaries.   To keep the school going, Mr.Adodo is often taking facilities from the bank. Mr Adodo is so worried and thinks of jettison the school business.

 

As an expert in educational administration advice Mr Adodo on the appropriate measures to take to manage his school finance. (30 marks)

  1. 2. Budget preparation practices by educational administrators are fully accepted by all. Do you agree?

Discuss. (20 marks)

 

  1. 3. The funding of education is the sole responsibility of government educational agencies and parastatals.

Discuss. (20 marks)

  1. 4. Expatiate on five reasons for financial distress in Nigerian universities. (20 marks)
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