Browsing by Author "HAMDU AHMED"

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    Assessment of Budget Preparation (Planning), Utilization (Implementation) and Control System in Higher Education: The Case of Wolkite University in Central Ethiopia
    (wku, 2025-09-07) HAMDU AHMED
    This study investigated the budgeting and financial management practices at Wolkite University, focusing on the alignment between planned budgets and actual expenditures, budgetary control systems, auditing processes, and overall effectiveness. The research aimed to evaluate the extent of budget utilization, identify the status of budgetary control systems, and examine the auditing procedures in place. Data were collected using a mixed-methods approach: a survey administered to university employees to gather quantitative data on budget preparation, utilization, and control, and interviews with key administrative staff to gain qualitative insights into challenges and inefficiencies in budget implementation. The study also analyzed existing budget reports and audit records. The findings indicated a generally positive yet mixed assessment of budget practices. While employees expressed confidence in their understanding of budget planning and alignment with strategic goals, concerns remained regarding practical budget utilization, departmental coordination, and delayed reporting. The university’s budget control framework was robust, but issues such as underutilization, overutilization, and idle cash accumulation persisted. The internal audit system, including compliance, performance, and financial audits, was effective but hindered by outdated systems and resistance to change. Recommendations for improvement included enhancing feedback mechanisms, refining reporting practices, addressing inefficiencies in budget utilization and cash management, and investing in advanced auditing tools and auditor training. The study concluded that while Wolkite University had a solid foundation in budgetary control, significant improvements were necessary in interdepartmental coordination, timely preparation of budget reports, and the effective utilization of resources