ABSTRACT
The main aim of this research work is focused
on “Budgeting in Higher Institution of Learning in Nigeria “Federal
Polytechnic, Okoh.
The project set out to examine the
effectiveness and efficiency of budgeting system in order to evaluate the past,
present and future performance and trends in Federal polytechnic, Okoh’s
system.
In this project work, 50 questionnaires were
distributed randomly among the staff at the institution. There were 100% responses as records in
chapter four.
Data were analyses using tables and
percentage.
Finding were as follows:-
1. Confusion as to the purpose of
budget
2. Lack of definite goals spelt
out in budge
3. Use of technical jargons
4. Appropriate method to be used
in high institutions
5. There is no control on
performance.
TABLE OF
CONTENTS
Title page
Certification page
Dedication
Acknowledgment
Abstract
Table of content
CHAPTER ONE
1.1
Background of the study
1.2
Statement of problem
1.3
Purpose of the study
1.4
Research questions
1.5
Need for the study
1.6
Significance of the study
1.7
Scope of the study
CHAPTER TWO
2.1
Literature Review
2.2
Definition of Budgeting
2.3
Evolution of the budgeting system in higher institutions
2.4
Budgeting control in Federal polytechnic, Okoh
2.5
Types of Budgetary system adopted in polytechnic, Okoh.
2.6
Formular Budgeting system
CHAPTER THREE
3.1 Research Design
3.2 Area of study
3.3 Population of the study
3.4 Sample and sampling
3.5 Instrument for Data collection
3.6 Validation of Instrument
3.7 Reliability of Instrument
3.8 Method of Data collection
CHAPTER FOUR
4.1
Data presentation, analysis and interpretation
4.2
Findings
CHAPTER FIVE
5.1
Discussion of Results
5.2
Implication of the research findings
5.3
Recommendations
5.4
Suggestions for further research
5.5
Limitation to the study
Bibliography
Appendix
Questionnaires
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The practice of budgeting is as old as modern
civilization and is central to effective management of learning resources. Most
peoples, organisation, Institutions and companies will at one time or the other
plan ahead, I terms of there activities and their available resources. This is
done as a statement prepared and approved prior to a defined period of time, of
the policy to be pursued during that period for the purpose of attaining a given
objective. It serves as a quantitative
expression of a plan of action and an aid to co-ordination and implementation.
As well as being a plan, a budget also act as
a control against which actual performance can be evaluate. In order to make its decisions wisely, the
management of federal polytechnic, Okoh and other higher institutions in
Nigeria must have a vision about its future, and budge enhance that. Budget
provides a rational and objective basis for allocation of scare resources in
that institution. With so may competing needs of the management, the school and
students, with regard to her learn resources, the discipline of budgeting
compels school management to be discreet in allocating limited resources to
meet unlimited expenditure possibilities. This does not suggest the absence of
sentimentality and irrationality but at least these are minimized.