• Temidayo Temidayo Allen

Abstract Management of tertiary institutions in the current limited financial resources to achieve set goals has called for serious concern to all education stakeholders. This study examined the relationship between budgeting practices and management effectiveness of tertiary institutions in Ondo State, Nigeria. Descriptive survey type and expost-facto designs were adopted in this study. The population of the study comprised staff of state-owned tertiary institutions in Ondo State. The sample comprised 204 staff drawn from Deans/Directors, Heads of Departments, Senior Staff of Bursary and Audit units in the three selected institutions. Purposive and proportionate sampling techniques were used. Purposive sampling was used for the selection of the institutions, and proportionate sampling was used to collect data. One self-developed questionnaire was used: “Budgeting Practices and Management of Tertiary Institutions Questionnaire” (BPMTIQ) and found reliable at r = 0.74, and pro-forma, titled “Budget inventory’’. Two research questions were raised and answered using percentage, mean and standard deviation, and two hypotheses were formulated and tested with the use of Multiple Regression analysis, Pearson Product Moment Correlation, at 0.05 level of significance. Result showed a moderate level of budgeting practices with 70.6%, and moderate level of budget implementation with 75.4%. Hypotheses tested showed a significant and positive relationship between joint dimension of budgeting practices (planning, implementation, control) and management effectiveness in the tertiary institutions (R = 0.269; R Square = 0.072; Adjusted R Square = 0.058, F (3,200) = 5.196, p = 0.002 < 0.05). It was concluded that budgeting practices influence management effectiveness in tertiary institutions in Ondo State. Based on the findings, the study recommended that tertiary institutions should improve in budgeting practices to bring about high level of management effectiveness in the institutions through regular seminars and workshops for key staff who are involved in budget execution.

Budgeting practices, budget planning, budget implementation, budget control, management effectiveness.

"Budgeting Practices and Management of Tertiary Institutions in Ondo State, Nigeria", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 12, page no.a721-a736, December-2021, Available :http://www.jetir.org/papers/JETIR2112088.pdf

"Budgeting Practices and Management of Tertiary Institutions in Ondo State, Nigeria", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 12, page no. ppa721-a736, December-2021, Available at : http://www.jetir.org/papers/JETIR2112088.pdf