Browsing by Author "Haiyaka, Else Gudrun Salome"

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    An analysis of the sources and use of financial resources of local authorities: The case of Rehoboth Town Council
    (University of Namibia, 2020) Haiyaka, Else Gudrun Salome; Sunde, Tafirenyika
    This study assessed the factors affecting the financial performance of Rehoboth Town Council. Odero (2017) stated that financial performance in local government in the country remains poor and a radical approach to financial management was a necessity. The study assessed the factors affecting financial performance from institutional, human capital and external environment perspectives and its effects of financial performance of the town council. The study adopted a case study research design and data was collected through self-completing questionnaires. These were administered to 1 05 Rehoboth town council stakeholders. The findings were presented in graphs, charts and frequency tables. The study concluded that the main factors affecting Rehoboth Town Council's financial perfonnance included unavailability of reliable sources of funds, liquidity management, inflation rates, employee capacity and management practices. Though there were other factors affecting fmancial performance, the participants highly rated unavailability of reliable sources of funds, liquidity management, inflation rates, employee capacity and management practices. They indicated that there is a combination of institutional, human capital and external environment factors. The study recommended a number of factors to cushion poor financial performance in local authority among the debt management techniques, management of the cash conversion cycle and engagements for creation of sustainable income, investments in modem accounting management systems, extensive budget consultations and training and development for all the staff members for understanding of the town council financial management approaches. However the study only focused on the assessing the factors from a holistic approach, leaving room for testing of the magnitude of the effects of individual factors.