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Humanities
- ISSN: 2155-7993
- Journal of Modern Education Review
An Examination of Educational Finance Practices in China
Tak Cheung Chan1, Meimei Xu2, Zhiding Shu3
(1. Kennesaw State University, USA; 2. Confucius Institute, Kennesaw State University, USA;
3. College of Education, Huzhou Normal University, China)
Abstract: This study has investigated the school finance practices in China through the perceptions of school administrators in two provinces. A validated survey questionnaire was developed by the researchers to contain 14 open-ended questions to cover school revenues, expenditures, budget process, auditing system and equity issues. Sixty-two out of the 100 invited school administrators responded to the survey. Twenty-five of them also submitted school financial documents for review. Participants’ responses and their submitted documents were examined for patterns, themes and consistencies through triangulation. The findings indicated that the Central Government was responsible for 45.5% of the educational revenues in China. Major education expenditures include educational facilities and personnel employment with sizable resource disparity among schools. Results also showed that school budget and audit processes are primitive. The findings of the study will help Chinese educators improve their financial management practices.
Key words: school finance in China; school annual budgeting; school finance audits and educational resource equity
