TABLE OF CONTENTS
CHAPTER ONE
Introduction 1
1.1 Background of the study 1
1.2 Statement of the problem 3
1.3 Purpose of the study 3
1.4 Significance of the study 5
1.5 Scope/delimitation of the study 6
1.6 Research question 7
1.7 Definition of terms 8
CHAPTER TWO
2.0 Literature review 9
CHAPTER THREE
3.0 Research methodology 31
CHAPTER FOUR
CHAPTER FIVE
5.1 Summary of finding 40
Reference 45
Appendix 46
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Financial management in the content of local administration is the discipline on the part of the leadership, management and staff of the local government to prepare a realistic annual budget, collect revenue efficiently and put into effective use of the resources of the council in providing socio – economic service to the people of the area at acceptable standard.
The management of financial resources observed shushing, starts with the identification of the financial needs of the local government, and to be followed with the development of strategies for acquiring them, allocating them such that they confer maximum benefits to the community as a whole, ensuring their judicious and most fungal usage, insisting on adequate recording of the transactions and events arising from such usage 1. Rendering accountability for the actions of these put in position of responsibility as well as the local government as a corporate body in the form required by law and convention 2.
This research work seeks to review the role of revenue collection strategies in the reformed local government. it is a generally accepted view that finance is the pivot of activity in any organization, council and individual, social clubs, business concerns and government are no exception to this general tendency. For an institution to sustain and justify its routines existence, it is a sine qua none that its sources of revenue must be certain and its expenditure cut down within its resources and finally its general administration guided with utmost produce.
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