Budgetary process and financial performance of murang’a county government, kenya

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dc.contributor.authorKibunja, Daniel Momanyi
dc.date.accessioned2018-09-05T08:07:37Z
dc.date.available2018-09-05T08:07:37Z
dc.date.issued2017
dc.descriptionA project submitted in partial fulfillment of the requirements for the award of the degree of masters of business administration, school of business. Kenyatta University.2017en_US
dc.description.abstractABSTRACT The purpose of this study was to investigate the relationship between Budgetary Process and Financial Performance of Murang’a County Government in Kenya. The specific objectives of the study were: to determine the effect of budgetary planning, implementation, monitoring and evaluation on financial performance of Murang’a County Government. The study of their relationship was important since it enabled decision makers to understand the basis of their governance decisions. There is a need for proactive efforts to maintain the county existing investments while creating new ones and increasing the county’s bargaining power in the National economy. This can only be achieved by motivating the County management and public through strict budget process adherence and evaluation. To meet the broad objective the study derived both Primary and Secondary data of the Murang’a County audited financial statements and reports for financial years 2013/2014 and 2014/2015. The study design was an explanatory non experimental descriptive research design. The target population was 2,074 County staff members in the 13 Operational departments and through systematic sampling the sample size composed 83 staff members was established. The main chosen respondents in the study were preferred due to the good availability of budgetary process information: the County financial performance is the barometer of the County’s Public Finance Management and a major stimulant of a country’s economic growth to support the economic pillar of Vision 2030. The study employed quantitative data analysis technique: descriptive and inferential statistics analysis using multiple regression was done using SPSS software. Analysed data was reported using frequency distributions, percentages and charts. The study found that though financial management had been decentralized to departments, there were inefficiencies in regards to technology adoption, controls, oversight and timely supplementary budgeting. Budget monitoring aspects reviewed revealed weaknesses in terms of internal controls including auditing, stakeholder oversight and compliance to regulatory frameworks. In the same line, budget evaluation processes were not very effective since county financial reports were not timely, with oversight being poor. The study thus concluded that the budgetary process involving planning, implementation, monitoring and evaluation had a relationship and significantly influenced financial performance of the county government. The study recommended that the county government should review its policy on public participation in the budget process, budget monitoring and the enhancement of capacity building programmes. Further studies should be undertaken to establish; the factors affecting the adoption of IFMIS for financial management in county governments and the influence Members of County Assembly competence in budgetary process and financial of county governments.en_US
dc.description.sponsorshipKenyatta Universityen_US
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/18535
dc.language.isoenen_US
dc.publisherKenyatta Universityen_US
dc.titleBudgetary process and financial performance of murang’a county government, kenyaen_US
dc.typeThesisen_US
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