BUDGETING AND BUDGETARY CONTROL AS TOOLS FOR ACCOUNTABILITY IN GOVERNMENT PARASTATALS

ABSTRACT 

This research work was   focused on investigation on the use of budgeting and  budgetary  control  as    tools  for  accountability  in  government parastatals.  (  A  case  study  of  Enugu  State  Housing  Development Corporation). Budgetary control is a quantitative expression of plane of action prepare in advance of period to which it relate. The organization is face with the problem of lack of budgeting while planning and controlling  their activities. The objective of the study is to determine if budgeting and budgetary  control  affect  the  quality of  services  delivery in  government parastatals.  The  research  also  aims  at  determining  if  budgetary  control contribute  to  the  improvement  of  management  efficiency  and  high productivity.  Data  were  collected  from  primary  and  secondary  source. Secondary source of data were collected from textbooks, periodic articles and journals. Questions were distributed as well as  personal interviews with functional and departmental heads were conducted. The sample size of  60  were  used  and  was  chosen  among  the  number  of  department  / section  using  Bowleys  proportional  allocation  formula  Data  were analyzed using table and simple percentage, hypothesis were tested using chi-square  statistics.  We  discovered  among  other  things  that  budgeting and budgetary control affect the quality of service delivery in government parastatals.  It  was  also  revealed  that  budgeting  and  budgetary  control contributes  to  the  improvement  of  management  efficiency  and  high productivity. In line with the above, we recommend among other things that the budget plan and preparation should be a corporate duty of the unit heads with head of department in the corporation, improving legislation, realistic budget target. Adherence in  the  budgeting provision should be practiced by top management.        

TABLE OF CONTENT 

Title Page                i  

 Approval page              ii   

Dedication                 iii 

Acknowledgement             iv 

Abstract                 v 

CHAPTER ONE 

1.0  Introduction               1 

1.1  Background of the study           1

 1.2  Statement of the problem           4

 1.3  Objectives of the study          4 

1.4  Research Question            5

 1.5  Hypotheses of the study           5 

1.6  Significant of the study           6 

1.7  Scope and Limitation -          7 

1.8  Definition of terms             8 

Reference               9   

viii  

CHAPTER TWO 

2.0  Review of related literature         10 

2.1  Budgeting and budgets          10 

  2.2  Typology of budgets for planning and control    19 

2.3  Features of budget            21 

2.4  Fundamentals of budgeting and budget  Administration            28 

2.5  Preparation of budgets          29 

2.6  Budgeting controls            37 

2.7  Innovation in the area of budget         Zero- Based Budgeting (ZBB)        42 

2.8  Enugu State housing development corporation Historical background          50 

References              

CHAPTER THREE 

3.0  Research design and methodology       55 

3.1  Research design            55 

3.2  Source of data             56 

3.3  Research instrument            57 

3.4  Reliability/ validity of research instrument    58 

3.5  Population of the study          58 

ix  3.6  Sample size/ technique          59 

3.7  Administration of research instrument      61 

3.8  Method of data analysis          61 

3.9  Decision criterion for validation of hypotheses   62

 CHAPTER FOUR  

4.0  Data presentation & analysis         64 

4.1  Data presentation             64 

4.2  Testing of hypothesis           83 

CHAPTER FIVE  

5.0  Summary of findings, conclusion and  Recommendation            95 

5.1  Summary of findings           95

 5.2  Conclusion               96 

5.3  Recommendations            97 

Bibliography 

Appendix