The Impact Of Financial Management On The Development Of Local Government Council

The Impact Of Financial Management On The Development Of Local Government Council

Abstract

The exploration work evaluates, “ The impact of fiscal operation on the development of original government council ”. The study aims at determining the extent to which operation and staff are involved in the development trouble and the extent to which fiscal operation has contributed to the overall performance of the organisation.

The exploration was carried out by administering questionnaires and canvassing the operation and staff of Eti- Osa original government council. It was revealed that organisation with success edge are those who place high decoration on achieving excellence in people.

It’s thus concluded that the impact of fiscal operation on the development of original government council is actually worthwhile. Hence, for organisation to survive in the largely competitive global world, recommendation of this study which proposes a potent option at achieving pot excellence is clearly a step in the right direction.

Chapter One

Preface

fiscal operation is the directorial exertion which is concerned with planning and controlling of fiscal coffers. When related to original government, it’s sourcing which involves profit generation and disbursement which focuses on expenditure pattern.

In original government the objects of fiscal operation are in consonance with these element stressed.

fiscal operation tends to be salutary only when conditioning are duly planned and executed. It’s a whole system to the extent that when a unit of it’s imperfect, the whole structure becomes imperfect. This means that the finance of an organisation must be handled with care and must be expended according to fiscal regulations and this peculiar exertion is done in the storeroom of a original government.

Treasuring is the ultimate depository of fiscal records and the treasurer being the fiscal counsel of the council is trained in fiscal reporting in order to furnish comprehensive and well delved report to prop decision timber and effective operation and control of the finances of a original government.

The impact of fiscal operation on the development of original government council is the overriding factor in council fiscal operation is the operation of fiscal services in a competitive and cost effective manner. To the public, as long a original government isn’t discharging it’s duties as anticipated it means the original government and it’s officers are loose.

The impact of fiscal operation on the development of original government council won’t let populace has the print that every profit generated by a original government goes into private pockets. The task of prudent and effectiveness operation of coffers can only be ignored at the threat of community dissatisfaction and souring. First, it’s necessary to known the workings in a original government starting with profit generation and how profit generated is expended.

Statement Of Problem

There are harmonious complaints from people dealing with the Eti- Osa original government council that embezzlement and lack of control and development have been the cause of the ineffective performance of the original council and also the problem in entering their claims from the council.

The problems relating to the council are

i. How do independence staff handle multitudinous and vital duties of profit collections.

ii. Why are those training openings for crucial storeroom staff.

iii. To what extent does the treasurer perform his duties.

iv. To what extent has his 411 been ignored.

To what extent has his perpetration contributed to the failures of a original government in programmes prosecution.

vi. Does he have to be criticized solely for laxities in fiscal operation and development in original government.

All these and further question need to be answered to be suitable to duly rated fiscal operation in original government.

Purpose Of Study

This exploration design is principally to study of the impact of fiscal operation on the development of original government council with emphasis on Eti- Osa original government. The original government council of Eti- Osa performs her conditioning through the following departments.

a) Finance department

b) Personnel operation department

c) Planning and budget department

d) workshop and casing department

e) Agricultural and pastoral development department

f) Health and environmental development department.

g) Education on department.

These are headed by the head of department( Tank) each of whom- report directly to the clerk to the original government or president.

The major conditioning performed by Eti- Osa original government council are

i. The conformation of profitable plan and development schemes for the original government area.

of rates announcement allocation of radio and TV licence.

of roads and thoroughfares and numbering of houses.

and conservation of public conveniences, sewage and refuse disposal.

and conservation of cemeteries, burial grounds.

of bikes, truks, canoes and wheel barrows.

and conservation of roads, road lights, Gardens, Oba’s Palace Open Spaces or similar public installations.

Statement Of Thesis

For the purpose of this exploration work, the thesis will be grounded on null and indispensable thesis.

1. Null thesis Ho β = O

fiscal operation has no significant impact on the development of the original government council.

2. Indispensable thesis HA β =O

fiscal operation has significant impact on the development of the original government council.

Exploration Question

i. What are the available sources of fund of original government council piecemeal from the major subventions and allocation from the civil government.

ii. Are there any other means through which these finances could be raised.

iii. How can this fund be employed effectively to enhance the standard of living of those in Eti- Osa original government?

Significance Of The Study

Having linked colorful functions related to the finance and account system by different department of the original government council in study( Eti- Osa Original Government), one is obviously left in no mistrustfulness of the fact that the significance of this content could help us to draw out meaningful advantages. In this respects, some significance could be summarised as follows

i. It would enable the experimenter to write out the final analysis, a comprehensive study leading into the finalisation of the content.

ii. It deals with how fiscal coffers could be managed by the operation in charge of these coffers so as to achieve the original government pretensions and objects.

iii. It give the necessary avenue for operation to know what and what are those effects to be carried out in adding the profit stage of the original government council and what projects that will yield maximum profit( backing and investment decision).

Compass Of Limitation

The compass of the study is to make a review the trend in counting programs, investment decision, financing decision and development as it affects the fiscal operation in Eti- Osa original government and its prospects in account professions. Also, the compass will be extended to fiscal operation being in account records and procedure inspection and control operation.

The introductory limitation of the study is time constraint which slightly affects the study, but in malignancy of these limitations, I’ve tried to present unprejudiced and formative design.

Description Of Terms

fiscal Analysis This is analysis of fiscal statement. It can also be appertained to as the breaking down of numbers and latterly expression of similar numbers in relation to the other, for the purpose of comparision.

Investors An investor is being appertained to as a person or an organisation who invest plutocrat in commodity or in a business.

operation These are the people who runs and controls a business or analogous organisation

estimate This form an opinion of the quantum a value of commodity after allowing about if precisely.

Performance To Chapter One

1) HASSANM.M.( 2001), Financial operation in Nigerian

Original Government,

Muhas Associates, Lagos.

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