THE ROLES OF BUDGETING IN THE MANAGEMENT OF PUBLIC INSTITUTION (A CASE STUDY OF AKWA IBOM STATE WATER BOARD)

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ABSTRACT

This study examine the role of budgeting in the management of public institutions using AkwaIbom State Water Company as a case study. To achieve the objectives of the study, the survey research design was adopted while the convenience sampling techniques was used to select fifty (50) respondents as sample size for the study. Data collected from the Administration of a self-developed questionnaire were analyzed and interpreted with the use of descriptive statistical tools which involved the use of sample percentages and frequency tables. The findings revealed that the roles of budgeting in the management of public institutions are; forecasting, planning, performance/management and controlling. It was also revealed that the source of budgeting in the management of public institutions are; Social Insurance, Federal excess taxes, Individual income tax & Corporate income tax. The findings also revealed that the problems of budgeting in the management of public institution are; Inaccuracy of budgeting, rigid decision making, blame for outcome and time required for budget. The findings also revealed that the strategies of budgeting in the management of public institutions are; track incoming and outgoing. Set up a saving plan, review and update projection and set realistic goals. Based on the findings, it was recommended that data based should be established to guide budget preparation and provide indication to measure budget performance, hasting preparation and implementation of budget should be avoided.

TABLE OF CONTENTS

Title Page  –       –       –       –       –       –       –       –       –       –       i

Approval Page    –       –       –       –       –       –       –       –       –       ii

Certification        –       –       –       –       –       –       –       –       –       iii

Dedication –       –       –       –       –       –       –       –       –       –       iv

Acknowledgement      –       –       –       –       –       –       –       –       v

Abstract     –       –       –       –       –       –       –       –       –       –       vii

List of Tables      –       –       –       –       –       –       –       –       –       viii

Table of Contents       –       –       –       –       –       –       –       –       ix

CHAPTER ONE

INTRODUCTION

  1. Background of the Study     –       –       –       –       –       –       1
    1. Statement of the Problem    –       –       –       –       –       –       3
    1. Objectives of the Study               –       –       –       –       –       –       4
    1. Research Questions    –       –       –       –       –       –       –       5
    1. Significance of the Study     –       –       –       –       –       –       5
    1. Scope of the Study     –       –       –       –       –       –       –       6
    1. Limitations of the Study       –       –       –       –       –       –       6
    1. Organization of the Study    –       –       –       –       –       –       7
    1. Definitions of Terms    –       –       –       –       –       –       –       8

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1    Concept/Meaning of Budgeting     –       –       –       –       –       9

2.1.1 Types of Budget/Budgeting –       –       –       –       –       –       11

2.1.2 Purpose of Budgeting  –       –       –       –       –       –       –       13

2.2    Overview of Budgeting in the Management of

Public Institutions       –       –       –       –       –       –       –       14

2.3    The Role of budgeting in the Management of

Public Institutions       –       –       –       –       –       –       –       17

2.4    The Source of Budgeting in Public Institutions                –       –       19

2.5    The problems of Budgeting in the Management of

Public Institutions       –       –       –       –       –       –       –       21

CHAPTER THREE

RESEARCH, DESIGN AND METHODOLOGY

3.1    Research Design –       –       –       –       –       –       –       –       23

3.2    Population of the Study       –       –       –       –       –       –       24

3.3    Sample and sampling Technique  –       –       –       –       –       24

3.4    Instrumentations                –       –       –       –       –       –       –       25

3.5    Method of Data Analysis      –       –       –       –       –       –       25

3.6    Problems of Data Collection  –       –       –       –       –       –       26

CHAPTER FOUR

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1    Analysis of Research Questions    –       –       –       –       –       27

4.1.1 Research Question One       –       –       –       –       –       –       27

4.1.2 Research Question Two       –       –       –       –       –       –       28

4.1.3 Research Question Three     –       –       –       –       –       –       30

4.1.4 Research Question Four      –       –       –       –       –       –       32

4.2    Discussion of Findings –       –       –       –       –       –       –       32

CHAPTER FIVE

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1    Summary of Findings  –       –       –       –       –       –       –       37

5.2    Conclusion –       –       –       –       –       –       –       –       –       38

5.3    Recommendations      –       –       –       –       –       –       –       39

References

Appendix I

Appendix II

CHAPTER ONE

INTRODUCTION

  1. Background of the Study

The budget is classified under income and expenditure headings that could be used as a means of controlling the actual process of generating income and incurring expenditure under the relevant income and expenditure system. Budget focuses on anticipated income from both internal and external sources and expenditure on goods, services and personal emolutions. Budget can also be viewed as a control tool of expenditure in public enterprises.