School leaderEducation officer Pilot
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Administration

Managing school money and resources

Use public funds wisely and fairly, in the best interest of students. Follow all financial rules, and be open about how money is spent.

Do this now

  1. Use public funds wisely and share them fairly, in the best interest of students.
  2. Meet all internal and external accountability requirements.
  3. Be open. Regularly report what money was spent, what was done and what was achieved.
  4. Manage people and materials to get the most from teaching and learning.
  5. Plan for the long-term sustainability of your finances, resources, programmes and facilities.
  1. Use public funds wisely and share them fairly, in the best interest of students.
  2. Follow all fiscal policies, accounting and inventory procedures, audit requirements and budget processes.
  3. Make sure resources from government and sponsors are well allocated, monitored and used.
  4. Share resources fairly between schools, groups and individuals, especially when they are scarce.
  5. Be open. Regularly report what money was spent, what was done and what was achieved.

If you are a school leader

Leadership Standard 4 expects sound financial oversight, accountability and transparency. This includes meeting all internal and external accountability requirements.

If you are an education officer

You are a steward of public investment in education. The guide notes that demand for funding often far outstrips what is available.

More detail

The education officers’ guide describes four kinds of resources:

  • Human: leaders, teachers and support staff
  • Material: for example teaching materials, stationery, books and technology
  • Physical: for example school buildings, furniture and equipment
  • Financial: for example public funding and sponsors’ donations

The education officer job description also names the Financial Management and Audit (Financial) Rules, 2011 and the Public Finance and Audit Act, 2019. The guides list Procurement Rules under Administration, but a link has not been added yet.

Still not sure?

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The law and policy behind this

Both practice guidesSection 2, Leadership Standard 4 and the glossary in both guides; section 4 (education officers' guide) · draft of 27 May 2026
Financial Management and Audit ActOpens on barbadosparliament.com

Not yet checked by a Ministry editor