Topic: THE BUDGETING AND BUDGETARY CONTROL OF NON PROFIT MAKING ORGANIZATION
Chapter One
INTRODUCTION
1.1 Background of the Study
1.2 Statement of Problem
This research work is encouraged to help in highlighting the problems that militate against the application and effective utilization of budgeting and budgetary controls of Catholic Church in Delta State Asaba in Particular. Specifically, the following problems are addressed: The parish was unable to accomplish budget goals. There were variances between budgeted and actual performance in the parish. The committee members were unable to exercise control on the budget system because of lack of adequate experience. Even formulating master budget at parish level had been a problem and delayed previous year’s budgets. The parish was unable to monitor both compliance with and deviation from budget's target.
1.3 Aim and Objectives of the Study
Budgets are essentially forward looking and provide the yardstick for the purposes of comparison. It is a means to an end and not an end itself; hence it covers the area of responsibility of one specified person so that his performance can be measured at the end of budget period. These are the objectives of this study: To determine why the parish was unable to accomplish budget goals To find why there was variance between budgeted and actual performance in the parish To examine whether lack of experience contributed to committee inefficiency in terms of budgetary control. To ascertain why there has been delay in formulation of budget. To find out why the parish was unable to monitor deviation from budget target.
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