AN ASSESSMENT OF TREASURY MANAGEMENT PROBLEMS AND REMEDIES IN LOCAL GOVERNMENTS ( A CASE STUDY OF ADO -EKITI LOCAL GOVERNMENT)

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
CHAPTER ONE
1.1     BACKGROUND OF THE STUDY
          Local Government in any nation like Nigeria is an
entity through which government and its policies are carried to the grassroots.
The governing body is selected or otherwise elected. It constitutes an integral
part of country’s overall political structures.
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