Korean Educational Development Institute(KEDI)

An analysis of the effects of level of financial autonomy on School Expenditure

One of the biggest changes to the introduction of the school accounting system is the allocation of the total amount of school expenses and the autonomous budgeting through the participation of school members. However, for nearly 20 years after the introduction of school accounting system in 2001, it is still said that autonomous budgeting authority in the financial management of schools is limited and should be improved. Therefore, this study aimed firstly to develop the frame of the autonomy of school finance operation considering both revenue and expenditure at the same time from the previous frame centered on revenue resources. Secondly, this study analyzed the type(level) of autonomy in school finance, its differences by school and student characteristics, and its effect on school expenditure. Finally, this study suggested meaningful policies to improve the school expense support methods.