The acceptance of education as the means for upward social mobility has increased the demand for it. In the same manner, the role of education in national development has received considerable attention from government and private sector organizations or individuals. For education to contribute to national development, it obviously needs proper funding. The funding of public schools in Nigeria, is part of the responsibilities of the government. The underlying rationale for government funding of public schools is to provide the schools with the resources needed for training the students and the achievement of educational goals (Akangbuo, 2007). The ability of schools to achieve the stated goals depends, to a large extent, on the management measures adopted by the managers (Nelson, 2013). Management measures, according to Maciariello (2004) are the management tools for steering the organization towards a stated goal. Maciariello stated management measures to include fund management, resources allocation, motivation and performance management. Efforts in this work are focused on fund management with special emphasis on measures for controlling fund wastages and misappropriations. Accordingly, in order to properly manage funds in the school, fund control measures must therefore be adopted.