Financial management and performance of second northern Uganda Social Action Fund: A case of Bududa district local government
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Date
2019-03
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College of Economics and Management
Abstract
This study was conducted on financial management and performance of Second Northern Uganda social action fund case study: Bududa district local government. This study was guided by the following objectives: to examine how Budgeting affects the performance of Nusaf2 in Bududa district local government, to establish how accountability and Good governance may enhance the performance of Nusaf2 in Bududa district local government, to examine the extent to which financial reporting and disclosure enhance the performance of Nusaf2 in Bududa District local government. The researcher used a cross sectional survey design and the data collection techniques used was the questionnaires and interview guides, methodological triangulation was used to collect both qualitative and quantitative data. The following results were obtained out of the study. There was a significant effect of budgeting on the performance of Nusaf2 represented by r (0.522 (p= 0.000). whether Nusaf2 drafts annual budgets it was found that 17.1%, 27.6%, 4.1%, 46.5%, 4.7%, respectively strongly agreed, agreed, were neutral, strongly disagreed, disagreed to this aspect. Whether the budget is discussed by the top managers before execution, the following results were obtained: 14.1%, 27.6%, 1.2%, 44.7%, 12.4%, respectively strongly agreed, agreed were neutral, strongly disagreed and disagreed. Whether there was autonomy in decisions made on allocation of findings to different projects. Whether each project accounted for their expenditures independently, the results from the field study were as follows: 19.4%, 18.2%, 7.6%, 37.1%, 17.6% respectively strongly agreed, agreed, were neutral, strongly disagreed and disagreed to this aspect. Regarding to whether each project under Nusaf2 operates according to work plans: 30%, 30%, 12.4%, 24.1%, 3,5%, respectively strongly agreed, agreed, were neutral, strongly disagreed and disagreed. Regarding objective three: on whether financial reports are evaluated by external agencies, it was found that 8.2%, 11.2%, 20.6%, 55.3%, 4.7%, respectively strongly agreed, agreed, were neutral, strongly disagreed, disagreed on this aspect. Whether there was a standard way through which financial reports are made and also to show their level of efficiency, the results obtained from the study were as follows: 43.5%, 22.4%, 15.3%, 18.2%, 0.6%, respectively strongly agreed, agreed, were neutral, strongly disagreed, disagreed. Whether Nusaf2 are evaluated depending on the reports, the results were as follows: 47.6%, 18.8%, 12.9%, 19.4%, 1.2%, respectively strongly agreed, agreed, was neutral, strongly disagreed, disagreed. The study recommended that there is need for proponents of Nusaf2 project to develop comprehensive budgeting strategies aimed at critically indicating the core overall intentions of Nusaf2 project. There is a requirement by Nusaf2 proponents to carry out sensitization of the beneficiaries on the importance of the project, its intended objectives and how they can actively participate in the project. Nusaf2 should focus on the training of its staff on the appropriate reporting protocols.
Description
A research report submitted to the College of Economics and Management in Partial Fulfillment of the requirement for the award of a degree of Bachelor of Business Administration of Kampala International University
Keywords
Financial management, Northern Uganda Social Action Fund, Bududa district, Performance