Introduction
During recent years, Budgeting is one of techniques involve in the process to meet the increasing complexities of the business society.
Budgeting has gained much recognition and is of general application.
Oxford Advance learners dictionary explained that budget is an estimate or plan of the money available to somebody and how it will be spent over period of time. Government invested huge sum of money in reliabilitating and equipping tertiary institution to raise standard of education in the state.
Education continues to be a top priority of the state Government, to wipe away the agony of sitting on the floor or standing up when receiving lectures, by providing the necessary things needed to make students comfortable in receiving lectures and other requirements such as provision of banking and finance department both for ND II and HND I
At these juncture, the above reasons make the need for this research into the role of budgeting in tertiary institution very pertinent.
1.1 Historical Background
Establishment of the instate of management and Technology Enugu stated 1967 in Enugu the college of Technology which offered courses in Engineering and Laboratory Technology up to the ordinary diploma level. But one morning I came to school I saw a student of banking and finance and a student of electrical electronics fighting even HND I Banking and finance and ND I banking and fiancé students quarrelling over a department, I now ask a question on the reason, why banking and finance student are fighting with electrical electronic student and why ND I banking and finance are Quarrelling with HND I, the answer I received is that banking and finance does not have department that they have been given electrical electronics department to be used s a place of study until, they are able to build their own. I now ask again, WHY, NDI AND HNDI banking and finance are quarrelling over each other, the answer I receive is that the NDI students are sharing the class room with HNDI so during the period of HND I to receive their lectures NDI student will be in the class making noise. Some time they might even enter into the class when their own time to enter has not come and these have been a very big problem on enemy one of them because of these issue of shameg class room, they will not be given enough time to read in the class room even the lecturer will not have enough time to finish what has for the day and these problem contributed to set back students in banking and finance department. These encountered in every semester that make accountancy department to be much far ahead of them in any course that they are offering together with the accountancy department.
For the above reason I decided to go into deep research on the role of budgeting in tertiary institution management to see if we can put an end to these problem of sharing class by building A new place for banking and finance department both ND level and HND level to avoid issue of fighting with one another. To know whether budgeting performs its roles in tertiary institution level.
1.2 Statement Of The Problem
This research is designed to identify the hindrance towards implementation of budgeting in tertiary institution management. To know whether budgeting performs its role in tertiary institution management as regard the establishment of banking and finance department block. To work towards under estimation of money made valuable for carrying out the project in tertiary institution management. To focus on the project in which money has been raised instead of diverting it ot another project that has nothing to do with tertiary institution management. To commit the project to reliable engineers who will not mismanage the money made available. To put an end to fighting between NDI banking and finance student and HND I banking and finance student and HND I banking and finance department. To avoid sharing of class room between and department which is the major distraction each level of department encountered during any semester.
1.3 Purpose/Objectives Of The Study
- To describe how budget performs the role of tertiary institution management.
- To know the extent to which government funds the institutions
- To ascertain whether budgeting accomplishes its roles in tertiary institution.
- To improve the effectiveness of the roles of budgeting in a depressed economy.
- To eliminate unemployment among graduates after may years in university and polytechnics.
1.4 Significance Of The Study
- It will be a source of help to students in writing their own projects in future.
- It will be a materials guide to any body who may wish to undertake a critical review of this work or related topics in the future.
- This will help the researcher to prepare for the award of ordinary national diploma in banking and finance department which will usher him to the industrial attachment to practice what he has been training for in the office he might be privileged to serve during his/her (IT) industrial Training.
- It will help the researcher to have knowledge on the role Budgeting plays in tertiary institution management incase if the researcher becomes governor tomorrow he will ensure that all these roles will be accomplish. Or if these contract are given to him he will not mismanage it as other engineers due rather he will ue it to accomplish the task.
1.5 Limitation Of The Study
The time given was not Enugu for the researcher to conduct and in depth study of the topic. Some of researcher time was distributed among attending lectures and meeting up with other academic requirements.
The researcher spent money in visiting some offices of tertiary institutions, libraries both state and national. Seminar was conducted to enlightened the researcher on the role of budgeting in tertiary institution management.
Finally, the researcher visited government house to know how governor are making effort in the development of tertiary institution through a well defined budget. But there is not money to travel out of town so it limit the research.
