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THE IMPACT OF BUDGETARY CONTROL IN LOCAL GOVERNMENT ADMINISTRATION A CASE STUDY OF OHAFIA LOCAL GOVERNMENT IN ABIA STATE
ABSTRACT
This project “ The Impact of Budgetary Control in the Local Government Administration” is an attempt to analyze and evaluate the level of success made in the implementation and management of budgetary control in Ohafia Local Government Area, Abia State. The research discovered vast waste of resources, inability to forecast and predict value, inability of management to meet her objective as a result of in appropriate budgeting and these are considered as problems facing the organization. The research tends in many ways remediate their problems, the research tend to measure the effective use of budgetary control and to evaluate performance based on variation of the actual and budgeted. Personal inter-view was conducted and questionnaire was designed in a view of obtaining data that will help in the course of this research. A touch is also made on the analysis of data in order to prove its viability. The budgeting process starts with a circular flow from the state burea of budgeted and planning. The receipts of the circular forms the busiest period of the budgeting after which the committee coordinates and collect all budget input of the organization. Based on the finding the following recommendations were made include seeking governments assistance for find to implement the program, government approval for corporation to eliminate institution weakness and proper accountability which is the central management control system.
TABLE OF CONTENTS
Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract vi
Table of contents vii
CHAPTER ONE
Introduction 1
Background of the study 1
Statement of the problem 3
Objectives of the study 4
Research questions 5
Scope of the study 6
Limitation of the study 8
Operational definition of terms 10
CHAPTER TWO
Literature Review 14
Brief History of the case study 14
Definition of Budget 15
The Budget control process 19
Types of Budget for planning and control 21
Objectives of keeping a Vote book 22
Budget Preparation 23
The process of Budgeting 25
CHAPTER THREE
3.0 Research deign and methodology 27
3.1 Introduction 27
3.2 Sources/ Method of data collection 27
3.3 Population and Sample size 30
3.4 Method of data analysis 31
CHAPTER FOUR
4.0 Presentation and Analysis Of Data 32
4.1 Presentation of data 32
4.2 Analysis of data 34
CHAPTER FIVE
Summary, Conclusion and Recommendations 53
5.1 Summary of findings 53
5.2 Conclusion 55
5.3 Recommendations 56
Bibliography 58
Appendix 59
Questionnaire 60
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Performance evaluations have been considered as one of the core problems facing our organization today, to measure manpower and machinery contributions to actualize the mandate of the organization. in recent years, this problems have been attributed to the large dispention of fund (cash) which most times have caused over seen in management operation, and have maintained a large negative effects not only to the organization but to the general economy to remediate this problem and associated effects management have seek ways of harnessing these operation by running a check on the budget and budgetary control.
Osondu 20.173, defined a budget as a plan of action qualified in monetary terms while budgeting refers to be act of preparing budgets. They are based on predetermined objectives and represents what is likely to happen after a careful consideration of the priorities of the organization “budgeting” can be described as the process of efficiently allocation of resources to unlimited objectives. Here a budget which could be said to be a pre-determined statement objectives during a given period, a standard for companies with the result actually achieved.
Chartered institute of management accountants (CIMA) defined a budget as a financial as a quantitative statement prepared and approved prior to a defined period of time of the policy to be pursed during that period for the purpose of a given objective.
STATEMENT OF PROBLEM
This research explores the effective use of budgetary control in local government administration, it intend to find out the effectiveness of management control system with special interest to budget and budgetary control among others, it has been discovered that;
Inability of management and organization to meet her mandates is based on inappropriate budgeting.
The vast waste of resources, “Financial resources” are as a result of lack of budgetary control in organization.
Ability to forecast/predict value using the budgetary trend in organization. these are considered as problems facing the organization through the use of budget and its control as this research trends to in many ways to re-mediate these problems.
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