IMPACT OF BUDGETARY CONTROL ON THE FINANCIAL PERFORMANCE OF NON- PROFIT ORGANIZATION IN NIGERIA (NGO)
Mabur Zumbung Danladi, Ph.D and Gwaison Panan Danladi
Volume 3 Issue 2
Abstract
Budgetary control, a strategic approach to financial management, encompasses the planning, execution, and monitoring of budgets to optimize resource allocation, foster accountability, and facilitate informed decision-making. This study examined the Impact of Budgetary Control on the Financial Performance of Non- profit organization in Nigeria. The study employed a cross sectional survey design. 143 registered NGO were sampled and participated in the study. Questionnaire was design and administered to the participants. The data collected was analysed using multiple linear regression technique with the aid of SPSS version 26 software. The result indicated that Budget formulation, budget monitoring and control and budget flexibility has significant impact on financial performance of NGOs in Nigeria. Budget implementation has no significant impact on financial performance of NGOs in Nigeria. The study recommends that NGOs should develop budgetary control frameworks tailored to their specific missions, goals, and programs. Implement modern technology solutions, such as specialized budgeting software and financial management systems, to streamline budgetary control processes Keywords: Budgetary Control, Budget formulation, Financial Performance, Non- profit organization
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