The impact of budgeting on funds mobilization in wakiso district local government:
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Date
2019-07
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management.
Abstract
The study examined the effect of Budgeting on Financial Resources Management in
Kiryandongo District Local Government with specific objectives used including examining the
practice of budget participation, establishing the relationship between budget approval and
Financial Resource Management and establishing the relationship between Budget
Implementation and Financial Resource Management. Literature on budgeting and Firm muor
Resource• Management was reviewed. A case study research design was used supplemented by
both the qualitative and quantitative approaches. An accessible population of 42 respondents
was identified from which 37 formed the sample size. A questionnaire, interview and
documentary review methods were used while the self-administered questionnaire. interview
guide and documentary review checklist constituted the instruments. Quality control of the
instrument was observed using validity and reliability. Data for the study was managed both
qualitative and quantitatively. Key study findings reveal a positive effect of budget participation.
positive relationship for both budget approval and budget implementation with financial
resource management. The following can be concluded that using fewer stake holders during
budgeting negatively of effects financial resource management. The district approved ics budget,
with budget decisions council and finance department is solely responsible for budgets
training. In addition, a poorly designed development plan leads to financial resource mis-use in
over spending. The following form the recommendations including need to organise more
awareness programs including budget workshops and conferences, purchase and installation of
essential technologies to foster communication, need to update records, staff need to adhere to
finance rules and regulations. In addition, liaising with other departments to ensure budget
trimming is’ important. Budget training is good for local politicians. There is need to from u/ate
an independent resource allocation task force and aiding proper record keeping through
purchase of computers, filling cab internet and shelves among others stens communication.
Description
a research report submitted to the college of economics and management as partial requirement for award of bachelor degree of business administration of Kampala international university.
Keywords
funds mobilization, budgeting, wakiso district