<![CDATA[Effective and accountable management of educational funds is a critical factor in improving the quality of educational services in schools. This study aims to analyze the role of national school management and the strengthening of principals’ managerial capacity in enhancing the effectiveness of educational fund governance. This research employs a qualitative approach with a case study design conducted in several public elementary schools. Data were collected through in-depth interviews, observations, and document analysis, and were analyzed using thematic analysis techniques. The findings indicate that principals’ managerial capacity is generally high, particularly in financial competence and the utilization of information technology. However, community participation in fund oversight remains moderate, indicating an area that requires further improvement. In addition, continuous training and technological infrastructure support play a significant role in enhancing transparency and accountability in fund management. The study concludes that effective governance of educational funds is not solely determined by individual managerial competence but also by the integration of managerial capacity, technology utilization, and policy support. The findings highlight the importance of strengthening principals’ capacity systematically and developing technology-based financial management systems to improve sustainable educational governance.]]>
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