THE IMPACT OF BUDGETARY CONTROL IN LOCAL GOVERNMENT ADMINISTRATION (A CASE STUDY OF OHAFIA LOCAL GOVERNMENT IN ABIA STATE)

Thesis Overview

<p> </p><ol><li><strong>INTRODUCTION</strong></li></ol><p><strong>1.1 BACKGROUND<br>OF THE STUDY</strong></p><p>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.</p><p>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.</p><p>Chartered<br>institute of management accountants (CIMA) defined a budget as a financial as a<br>quantitative statement prepared and approved prior to a defined period of time<br>of the policy to be pursed during that period for the purpose of a given<br>objective.</p><ol><li><strong>STATEMENT OF PROBLEM</strong></li></ol><p>This<br>research explores the effective use of budgetary control in local government<br>administration, it intend to find out the effectiveness of management control<br>system with special interest to budget and budgetary control among others, it<br>has been discovered that;</p><ol><li>Inability of management and organization to<br>meet her mandates is based on inappropriate budgeting.</li><li>The vast waste of resources, “Financial<br>resources” are as a result of lack of budgetary control in organization.</li><li>Ability to forecast/predict value using the<br>budgetary trend in organization. these are considered as problems facing the<br>organization through the use of budget and its control as this research trends<br>to in many ways to remediate these problems.</li></ol> <br><p></p>