Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)

Project and Seminar Material for Accountancy / Accounting

Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)


Chapter One


Introduction

1.1 Background of the Study

In any organization set up either large or small public or private, there is certainly of generating money which is sufficient enough to finance the organization so also in government, there is a mean of getting fund and how such fund is being used. This will therefore be the area which concentrate on this project, most especially in the local government.

The government in Nigeria is grouped or divided into three arms which are as follow.

The federal or central government, state government and lastly the local government.

The attention there should be based on how the local government that is Kaiama in this case generate or gets its fund and such is been utilized. So that at that at the conclusion of this project, it shall be know whether the fund has been mismanaged if it has been used in the right order.

Comment when are necessary and when are hope would be to the nation as a whole would be made.


1.2 Objective of the Study

There are always aims and objectives of managing fund in every organization or business, likewise the local government.

The function can be subdivided into two main categories

  • To carry out its capital project and to pay its capital project and to pay its salaries. The capital project company.
  • To make available and maintain the market in its suitable area.

Markets play a very vital ride in the economic of West African generally, the local government authority to bring about exchange of goods and services.

To make available and take care of minor roads and street including feeders

The building or construction of feeds because of the crude style employed in collecting the revenue where huge were employed in some cases

The same was the case both in the northern and western region of the nation

The period of 1966-1975 can be called the era of great return at local government authority in Nigeria. in 1973 and edict was promulgated in western region of Nigeria reducing the 114 to 39 all purpose council

The edict was no 18, which also established 335 area committees to the council area in 1976-1979 this was a period of nation wide local government return the first if its type in Nigeria. It was this period the federal government involve financially in local government, makes and by issuing guidelines for local government, it also introduce there federal universities designated as training centers for local government staff.

The universities are: Ahmadu Bello University, Zaria, university of Ife now Awolowo University, and the University of Nigeria Nsuka.

The period of second republic 1979-1983 was the period when the civilian government took over reign of government and these where series of problems by the aggrieved politicians.

Its staff salaries. The capital project companies to make calculate and maintain the market in it suitable area.
Markets plays a very vital ride in the economic of west African generally, the local government authority to bring about exchange of good and services.

To make available and take care of minor roads and streets including feeders

The building or constitution of feeders because of the crude style employed in collecting the revenue where huge were employed in some cases

The same was the case both in the northern and western region of the nation

The period of 1966-1975 can be called the era of great reform at local government authority in Nigeria. In 1973 and edit was promulgated in western region of Nigeria reducing the 114 to 39 all purpose council.

The edit was no 18, which also established 335 era communities to the 39 council area in 1976-1979 this was a period of nation wide local government reform the first of its type in Nigeria it was this period the federal government involved financially in local government, mates and by issuing guiding for local government. Its also introduces there federal universities designated as training centers for government staff.

The universities are:- Ahmedu Bello university, Zaria university of Ile-ife now Obafemi Awolowo university and the university of Nigeria, Nssuka.

The period of second Republic 1979-1983 was the period when the civilian government took over reign of government and these where series of problems by the aggrieved politician.

The period was characterized by the creation of mushroom local government roads, minor roads and the availability or streets are motor able to ease transportation.

Agricultural and economic development of most of the people residing in the local government is farming, those that are not farming on commercial basis take farming as a part-time job or occupation with this the local government has the objectives of promoting agriculture practice by providing agriculture equipment such as tractors, and agricultural chemical like fertilizer and pesticides though these there will be sufficient from product then market and the condition of living among the resident of the local government area will rise.

Including the objectives is to maintain invest the healthy of the people in the local government area by providing livestock and fished to people at an affordable and poor able price or prices to bring about educational facilities including what local government has in its objectives is the responsibility to provide educations.

It has the responsibility of building classes and the maintenance of these classes and the same time the responsibility of supervising these schools.

To provide good health facilities and sanitation facilities including maternity homes and health and health center

It also build and maintain libraries that is the public owned ones on its suitable area so also then amusement parts and the ground s for recreation.

Its find management is planning it also has the objectives of playing its staff salaries these staff including these of the local government secretaries town planning primary schools environmental sanitation and of course the local government health center and maternity homes.

In executing the above mentioned objectives the local government even though not a profit oriented organization or trading vowel and at optical, in the provision and application of fund open at optimality, in the provision and application of fund open to her at any given period. Thus if there is surplusor excess application over source of fund, these would bring about the local government turning into loss or deficit and thereby loading to insolvency.


1.3 Justification of the Problems

Sources and application of fund, which is the topic of this project with Kaima local government as a case study.

The project tries to provide answer to the following question;

  1. What are the sources of fund of kaiama local government?
  2. In what ways are the find being arranged
  3. What accounts for the difference in the sources and application of these funds?

The system adopted in the project in the bringing together data is both primary and secondary in nature this as a result of the nature of the topic being written on and the fact that parts of the project is gotten from the document of the local government.

The data are gathered through personal interview with the local government staff and through the issue of questionnaires.


1.4 Statements of the Problem

In stock control the major problem is the problem that has traditionally referred to as the “Newboy” problems but which is applicable in numerous situation in which a perishable commodity is purchased in some order size {before demand is known} and is then either sold or scrapped, depending on demand level.

In the new boy problem, the concern was with ordering quantities of a perishable commodity for a single period. The re-order point model on the other hand is concerned with multiple of periods, Other problems introduced again are demanded uncertainly, the appropriate level of safety stock depend upon the number of stock oaths management is holding cost resulting from the safety stocks, it can also be on an expensive policy.

With time, some goods may not have value and infant may be expense on disposal, such goods have the problem of determine, they will use the potential profit, some there is insufficied time of replenish stock, if they stock more units than demand, some must be disposed off at last.

Nevertheless, the problems associated with inventory management such as overstocking, obsolete, high insurance risk, strange cost could be reduced with foresight in planning process.

The project is divided into five chapters, the first chapter is on the introduction aspect, which includes statement and limitation of the study, The second chapter is the literature review while the third chapter is the research methodology, that is nature and source of data, questionnaires used in the collection and recording, processing analysis of data, the last chapter consists of the findings of the researcher conclusion and recommendation.


1.5 Scope of the Study

The motive of this study is to verify the length at which the local government fund in being managed our attention here will be based must especially on the strategies and methods employed in managing the fund in order to give at an efficient and effective management our primary aim is the study of attention to necessary recommendation it is also utmost to view or look into the past played by the federal and state government on how the source and application of the local government fund will be largely or good (moderate) it is the desire that the study of this topic will stand as a very useful documentary guide to local government administration most especially that of the Kaiama local government. There is the wish that topic would serve as essential a necessary and ideal.
Fundamental step to primary finished, manager in general and student who are research on this letter.

The several ways of fund management are briefed in this chapter, due to the limit we have focused on local government sources and application of fund with a special reference to Kaiama local government.


1.6 Research Methodology

Sources and application of fund which is the source and topic of this project with Kaiama local government as a case study the project tries to provide answer to the following question,

  1. What are the sources of fund, of Kaiama local government?
  2. In what ways are the funds being managed?
  3. What account for the difference in the source and application of fund?

1.7 Plan of the Study

Chapter one deals with the introduction and general the function of fund management the method of fund management the scope and importance of the study.

Chapter two includes the literature review (motives and consideration for fund management in local government), listonal background of local government, explanation of source and application of fund and references.

Chapter three deals with research methodology (statement of the problem and data collection) analysis and finding (table 4.1and 4.3 showed Kaiama local government summary and estimate and recurrent revenue and expenditure respectively) and lastly.

Chapter four contains the conclusion and recommendation of the whole project. It can be deduced from the previous the fund management and at optimality in the application fund.


1.8 Definition of Terms

Confusion the meaning of the concept used can destroy the research study without the researcher of client even knowing it. Therefore definition of terms used in for everybody.

Pin Card:

This card is being used for reporting or movement of stock. It shows the issuing, receiving and balance column or item.

Dispatch:

Responsibility of this department is to carry consignment and forwarding to traffic.

Inventory Control:

This can be as the system used firm to control the firm investment in stock.

Binning:

This is the area where stock their issue is made.

Bill of Material:

This is a list of materials that stand for the production requirements for parts.


Chapter Five


5.0 Summary Conclusion and Recommendation

5.1 Conclusion

This project meal source and application of fund in Kaima local government is focused at revealing the wages of fund management.

To achieve this aim the project work is divided into four chapters, chapter one deals with the introduction and general definition of the topic, methodology of fund management of scope and important of the study and finally the plan of the study.

Chapter Two includes the literature review [matwes and consideration for fund management in local government]. Historical background of Local Government, explanation of sources [tables 4.1 & 4.2 showing Kaima Local Government summary of estimate of recurrent revenue and expenditure respectively].

And lastly, Chapter Four contains the conclusion from the precocious chapter that fund management aim at optimality in the application establishment and any organization, establishment and government who to not management its fund effectively will find itself in many problem which can min it. It is also known that fund are generated from various sources and application of fund in Kaima local government especially revealed that the local government generates its fund from internal sources and spent most of it on the administration sectors.

Conclusively, it is revealed that any organization or government authority that any employed good management in its sources and application of fund will successfully achieve the object for which it is setup.


5.2 Recommendation

The following recommendation had been made through the work being carried out in the project. Since inadequacy of fund is the major problem facing the local government and most of it fund are generated through internal sources, increasing the great to embark on more capital project, this serving as another sources of revenue should be the assistance of the federal government to the local government.

This project will also improve the social and economic activities of the local government area.

Also, the problem of human and resources that are available in the local government by the employment of competent hands skilled as qualified start who can carry and the administration of the local government effectively.

From the above it will be realized that the problem of inadequacy of the fund leads to all other problem, once that is catered for, then all other problem will be automatically dealt with.


Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)


Project Material Download

3,000 Naira


The complete material will be sent to you in just 2 steps.

Quick & Simple…


Step One Purchase

Make payment of ₦3,000: through USSD Transfer, Bank Mobile App, ATM Transfer, or POS Transfer to:

Access Bank PlcAccount No.: 0811003731
Name: Samphina Academy
Account Type: Current

Or Click Here to pay with Debit Card

FOR CLIENTS OUTSIDE NIGERIA:
Click Here to pay with Debit Card ($15)
GHANA – Make Payment of 60 GHS to MTN MoMo, 0553978005, Douglas Osabutey 

  PAY WITH CRYPTOCURRENCY


Step Two Purchase

Send the following details through Text Message or WhatsApp Messenger | +234-8143831497

  • Payment Details 
  • Email Address 
  • Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)

The complete material will be sent to your email address after receiving your payment information | T & C Apply


  Contact Our Help Desk


You may also like:

⚠️ Need a different topic? Perform a quick search



Get A Complete Business Plan For Any Business In Nigeria

Business Plan for Businesses in Nigeria

  Business Plans in Nigeria


Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)


Disclaimer

This research material “Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material.

The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”.

samphina.com.ng is only providing this material “Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.


How to defend your research work


This is a general guide on how to defend your research work:

1. Prepare For Questions:

If you are preparing for questions that may be asked during your defense, then your answers will flow smoothly and effectively. This will prove your knowledge on the subject e.g “Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)“, and strengthening your argument. Ask friends and family, read your work for them to listen to your presentation, and write down questions. You may be lucky the panel will ask you those you have already prepared on.

2. Strong Summary:

Summarizing your chapters will help keep your audience focused because it is easy for a mind to drift, so providing summaries will ensure your panel will follow along, even if they lose focus for a brief moment. Visual aides, such as graphs and power-point presentations can be very helpful. If you are going to use these, make sure you will practice your presentation with them.

3. Be Confident in Your Research Work:

Not knowing your topic “Sources Application Of Fund In Government Establishment (A Case Study Of Kaima Local Government Area Kwara State)” inside out will cause you to struggle and ultimately fail with your defense. You need to know the subject from every angle to ensure you are fully prepared for any question that may come your way.

4. Conclusion:

Reinforce your findings to conclude your defense. The finale of your presentation should focus on proving the work that has been done. You may need to recap on what has changed and remained unchanged, if is necessary.

5 . Listen:

Before you get defensive or recite a particular answer, make sure you truly understand the question being asked. Being a good listener is an important quality, because providing an inaccurate or off-topic answer will also weaken the validity of your paper.

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.