EFFECT OF BUDGETARY CONTROL ON FINANCIAL MANAGEMENT OF LOCAL GOVERNMENT COUNCIL (A CASE STUDY OF EDE NORTH, OLORUNDA AND OSOGBO LOCAL GOVERNMENT)

This study investigated effect of budgeting control on financial management of local government council. The specific objectives of the study were to assess the relationship between budgetary control and financial management in local government councils; investigate the influence of budgetary formulation on reducing the level corruption among the local government authorities; determine whether budgetary controls as a management tools contribute to the improvement of management efficiency and high productivity in local governments; and highlight the various challenges militating against budgeting control in maintaining a good financial management in local government. The research design adopted was exploratory research design with descriptive analysis. Structured questionnaire was used the elicit response from the respondents, while one hundred (100) respondents from Ede North, Olorunda and Osogbo Local Government were selected as sample size for the study. The results revealed a significant positive relationship between budgetary control and financial management in local government councils. In addition, it was revealed that budgetary formulation plays a crucial role in minimizing corruption among local government authorities. It also found that budgetary control significantly contributes to improved management efficiency and high productivity in local government. Furthermore, it identified some various challenges hindering budgeting control in maintaining good financial management in local government. The study concluded that budgetary control has a significant impact on the financial management, corruption reduction, and management efficiency of local government councils. Furthermore, the study recommends among others that local government authorities should establish mechanisms for transparent budgetary implementation and reporting