Financial Budgetary Allocation and Financial Sustainability of The Water Companies in North Rift Counties of Kenya

• Author(s): Owino Cornel Otieno ; Julius Miroga ; Nyaberi Duncan
• Paper ID: 1704184
• Page: 207-213
• Published Date: 22-03-2023
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 6 Issue 9 March-2023

Abstract

Financial Sustainability is an organization’s ability to achieve similar achievements over time to an extent that the organization attracts external investors and pension funds institutions to invest in the organization. Financial sustainability and development have a direct influence with social harmony and a county’s Gross Domestic Development. This study therefore aimed at evaluating the effect of financial budgetary allocation on financial sustainability of the water companies in North Rift counties of Kenya. The study as constructed on: The New Economic Theory; Budget Theory; Modern Portfolio Theory and theory of Financial Control. This study adopted a constructivist paradigm with a survey research design as it assumes quantitative methodology. The target population consisted of all water companies in the North Rift Counties of Kenya with a registered pension scheme. This study utilized` census sampling. The study used questionnaires as a tool for data collection. A pilot study was done to determine the reliability and validity of the study. Data was described using descriptive statistics such as mean and standard deviation, which gave meaning to describing the distribution of responses. Various factor analysis statistics were used to infer population characteristics from the study sample. Pearson’s correlation coefficient was used to establish relationships between variables. The study findings show that there is a significant relationship between financial budgetary allocations on financial sustainability of the water companies. Drawing on these findings, the study recommends that management and the employees who execute the reforms honestly assesses the challenges and objectively find a best solution. It further requires that the management has the skills to managing the mindset of all the stakeholders.

Keywords

Financial Budgetary Allocation, Financial Sustainability, Water Companies.

Citations

IRE Journals:
Owino Cornel Otieno , Julius Miroga , Nyaberi Duncan "Financial Budgetary Allocation and Financial Sustainability of The Water Companies in North Rift Counties of Kenya" Iconic Research And Engineering Journals Volume 6 Issue 9 2023 Page 207-213

IEEE:
Owino Cornel Otieno , Julius Miroga , Nyaberi Duncan "Financial Budgetary Allocation and Financial Sustainability of The Water Companies in North Rift Counties of Kenya" Iconic Research And Engineering Journals, 6(9)