Influence of Internal Control Procedures on the Financial Management of County Government of Homabay

Abstract

This research studied internal control and financial management of Homabay County. The independent variables for the study included financial monitoring, internal audit, automation and budgetary controls. The main theory for the study was resource-based view theory. Descriptive research was used by the researcher. This study's target population included individuals who carry out the following financial oversight tasks: 10 nationally treasury officials, 20 county auditors, 20 county revenue collectors, 30 budget making officers, and 20 M&E officers. Open ended and close ended questionnaires were administered to respondents to get general information and individual perspectives. Project supervisor thoroughly reviewed the instrument to ensure that it adequately addressed the study's objectives. The piloted results from Migori County were used to see if they produce results that are reasonably comparable. From the findings, all the independent variables greatly affected financial performance of Homabay County. The study recommended that the Homabay County government should consider implementing an integrated financial monitoring system. This system should incorporate modern technologies and automation to streamline the processes of tracking expenditures, scrutinizing financial receipts, monitoring supplier payments, and managing county debts. By centralizing and automating these tasks, the county can ensure real-time data accuracy, transparency, and accountability, leading to improved financial performance and informed decision-making and that the county should establish a robust budget oversight committee comprising experienced financial professionals and representatives from various departments.