Description
Budget and budgetary control measures on non-profit making organization (case study of Apostolic Church, Ado-ekiti).
Abstract
Budgeting involves the establishment of predetermined goals, the reporting of actual performance results and the evaluation of performance in terms of the predetermined goals. Budgetary control systems are universal and have been considered an essential tool for financial planning. The purpose of budgetary control is to provide a forecast of revenues and expenditures this is achieved through constructing a model of how our business might perform financially speaking if certain strategies, events and plans are carried out. Most Non-profit making organizations use budget control as the primary means of corporate internal controls, it provides a comprehensive management platform for efficient and effective allocation of resources. Budgetary controls enable the management team to make plans for the future by implementing those plans and monitoring activities to see whether they conform to the plan, effective implementation of budgetary control is an important guarantee for the effective implementation of budget in the organization. This study examined budgetary control in Non-profit Organizations and its effects on their performance. The research target population consisted of 40 workers in Apostolic church Ado-Ekiti. A descriptive survey (questionnaires) was used in the data collection. The statistical package for social sciences version 17.0 was used to analyze the data using descriptive statistics, including means and standard deviation. The relationship between budgetary controls and the performance of the NPOs was analyzed using correlation and regression analysis. The research findings established that there is a weak positive effect of budgetary control on the performance of Non-Profit Making Organizations in Apostolic church Ado-Ekiti. The research recommends that employees need to be sensitized on budgetary controls and the effect on the performance of the organization. It also recommends that other factors that influence performance apart from budgetary controls should be investigated by organizations
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