FUND MANAGEMENT AND ITS UTILIZATION: THE CASE OF ORGANIZATION FOR SOCIAL SERVICES (OSSA)

Abstract

The study was conducted on fund management and its utilization in the case of Organization for Social Services for AIDS(OSSA). Fund management and its utilization practice has got vital benefits for NGOs because it enables them to realize the main factors that hinders effective and efficient fund management and utilization practices which needs to be reduced. The gap identified in this research is the declining and fluctuating trends of fund utilization for the organization and the general objective of the study to assess fund management & its utilization, the study adopts descriptive research design and used mixed type of research approaches in which a combination of semi structured questionnaires, in depth-interviews and documentary were used as a means of data collection. Data were collected from 51 practitioners in all branches, sub branches including head office using the questionnaire. According to the results of this mixed research approach shows different kinds of internal and external factors influencing effective and efficient utilization of allocated fund. The findings of the study show that the organization is not financially sustainable because it is highly depending on one source of financing which is foreign donation, lack of monitoring & evaluation system, it utilizes its fund as proclamation 621/2009 and donor requirements. Besides the study recommends that the organization device strategy for fund sustainability by income diversification such as mobilizing local resources and involve in income generating activities (self-financing),the organization emplace a system for continuous monitoring evaluation system for the proper utilization of fund and continue its fund utilization practice as per the proclamation number 621/2009 and donor requirements and in addition the organization continue its fund management practice based on budget specification and as per financial grant agreement.