Impact of budget variance on donor funding in NGOs: case study on “Stichting BRAC International”
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The reason for this study was to explore the impacts of budget variance on the level of donor funding in BRAC International, a non-governmental organization. Organizations have a general objective or vision that they are built up to accomplish. An organization must guarantee that every one of its sections moves in the direction of a shared objective. Since the presentation of the different fragments will be interrelated from multiple points of view, each section supervisor must know his/her own job yet in addition how it communicates with the remainder of the organization. Something else, wastefulness and inadequacy will create in the distribution and use of assets. Budgeting is tied in with making arrangements for the future, actualizing those plans and checking exercises to see whether they adjust to the arrangement. Primary and Secondary information was effectively gathered from BRAC International. The discoveries from the study uncovered that BRAC have set up experts (accountants and Finance managers) who handle all their budgetary exercises. Budgeting was fundamental and instrumental among the NGO since it empowers them to design, decide, organize exercises, control tasks, and accomplish straightforwardness and responsibility just as acquire funding. A variety was seen in the quantity of old and new donors among the entities of BRAC International from the year 2017 to the year 2019. Obviously there was a connection between the level of donor funding and budget variance in the NGO. A noteworthy bit (25.7%) of the difference on the level of donor funding was clarified by the budget variance. A solid positive connection was built up between the level of donor funding and budget change. The respondents recommended that long term relation with donors will help diminish the change on old and new donors consistently. It would likewise be critical to complete appropriate observing and assessment to diminish wastage of assets.