AN ASSESSMENT OF TREASURY MANAGEMENT PROBLEMS AND REMEDIES IN LOCAL GOVERNMENTS

AN ASSESSMENT OF TREASURY MANAGEMENT PROBLEMS AND REMEDIES IN LOCAL GOVERNMENTS 

CALL 07064961036

ABSTRACT

          This study examines the assessment of treasury management problems and remedies in local government using Ado locale government as the case study. Questionnaires were used to collect data and supplemented with secondary data.

          The analysis revealed that the problems facing local government authorities are attributed to poverty and dwindling/scare resources (financial, manpower and leadership) relative inelasticity of income and local revenue, lack of administrative and development planning capacity. It is recommended that to get a favourable result in the treasury management, negative attitudes such as fraudulent act, misappropriation, e.t.c. should be changed into honesty and loyally towards the co-existence of the local government.

TABLE CONTENTS

Title Page                                                                                 i

Certification                                                                             ii

Dedication                                                                               iii

Acknowledgements                                                                  iv

Abstract                                                                                   vi

Table of Contents                                                                              vii

CHAPTER ONE

1.1     Background of the Study                                                         1

1.2            Statement of the Problem                                                        5

1.3            Objectives of the Study                                                  5

1.4            Scope of the Study                                                                  6

1.5            Significance of the Study                                               7

1.6     Distinguishing Between Hypothesis Research Question          7

1.7     Definition of Terms                                                       8

End Note                                                                       10

CHAPTER TWO

2.0     Literature Review                                                          11

2.1     Essential Characteristic of Treasury Management                   11

2.2            An Overview of Ado Ekiti Local Government               13

2.3     Sources of Funds of the Local Government Treasury              13

2.4     Function of the Local Government as Related to

Treasury Management                                                   15

2.5     The Management of the Local Government Treasury    17

2.6            The Roles of the Treasury                                             18

2.7     The Role of Finance and General Purpose Committee   19

2.8     The Role of the Auditor                                                 20

2.9     Types of Auditing Work.                                                         20

2.10   Functions of Internal Auditor                                        20

2.11       Funds Management Committee                                               22

2.12   Finance and General Purpose Committee.                     23

2.13   The Executive Committee                                              24

2.14       Board Of Survey at Local Government                         26

2.15   Local Government Audit Alarm Committee                            28

2.16   The Importance of Internal Control System

Treasury Management                                                   29

2.17   Review of Other Relevant Literature                             30

End Notes                                                                      33

CHAPTER THREE

3.1     Research Methodology                                                  34

3.2     Research Design                                                            35

3.3.1    Data Collection                                                              36

CHAPTER FOUR

4.0     Data Presentation, Analysis and Interpretation             38

4.1     Introduction                                                                             38

4.2     Presentation and Analysis of Data                                38

4.3     Test of Hypothesis                                                                  55

4.3.1  Test of Hypothesis        I                                                         56

4.3.2  Test of Hypothesis II                                                     56

4.3.3  Test of Hypothesis III                                                   59

CHAPTER FIVE

5.0     Summary, Conclusion and Recommendations              61

5.1     Introduction                                                                             61

5.2            Summary of Findings                                                    61

5.3            Conclusion                                                                     62

5.4            Recommendations                                                                   62

Bibliography                                                                 64

Questionnaire                                                                66