The Impact Of Budgeting On Financial Resources Case Study: Civicon Limited Kampala, Uganda.

Abstract

The study high lights that the poor budgeting in Civicon Ltd has led to

budgetary problems like increased financial borrowing, and low employee

motivation etc. This study examines the relationship between budgeting

and financial resources in the organization. The effect of budgeting on

the financial resource structure on an economy was investigated, the

most common budgeting approaches used. The study was carried out in

the Central part, Civicon Ltd Kampala in Uganda.

The main respondents for the study were the employees of the company and the company's clients in general. Sixty respondents formed the sample size of the study. Three clients and three suppliers were interviewed to give supportive information.

The study utilized sample survey design. The respondents for the study were drawn through simple random sampling and purposive sampling. The data collected were analyzed using simple frequency distribution tables, percentages, graphs and pie charts. Descriptive analysis was also given to explain the information.

The findings of the study indicated that, budgeting had a significant

impact on the company's financial resources and therefore this hindered the size of the company's financial resource structure, budgeting resulted into increased borrowing that comes with conditions attached. And the main recommendations of the study were as follows; an origination

should ensure early and timely study of its budgets and put in place

flexible measures, an organization I government should have adequate and skilled budget committee, finally increasing the funding rate on the local government budget by the central government.