This study focused on examining the Heads of Schools’ Skills in Managing School Funds among Government Secondary Schools in Iringa District, Tanzania. The study employed a qualitative research approach,the Agency Theory of Governancy, and a cross- sectional survey research design. This study had 132 participants consisting of 10 heads of schools, 10 teachers who act as school Accountants/Bursars, 01 District Education Officer, 01 School Quality Assurance Officer, 10 Academic Teachers and 100 government secondary school teachers. Data were gathered through interviews, observations, documentary review and focus group discussions. Data were analyzed by transcribing field results as acquired by the respective tools, sorting and synthesizing it into categories, and themes. The results indicated that, Heads of Schools lacked school fund management skills like Financial Analysis, Investment Management, Capital Allocation, Asset Management, Funds Administration and Risk Management and that education stakeholders like students’parents were not actively involved in the school fund management processes. The study concludes that  lack of School Fund Management skills among the Heads of Government Secondary Schools is the leading obstacle which has  hindered  proper  and effective management of the school funds in Iringa District Council overtime.