TREASURY SINGLE ACCOUNT: A TOOL FOR IMPROVING BUDGET IMPLEMENTATION AND TRACKING IN FEDERAL TERTIARY INSTITUTIONS IN ADAMAWA STATE

This study assessed Treasury Single Account as a tool for effective budget implementation and tracking in Federal Tertiary Institutions in Adamawa State. The population of the study comprised of 30 bursary staff from Modibbo Adama University Yola, Federal College of Education Yola and Federal Polytechnic Mubi. This study is anchored on statistical test of formulated hypotheses based on the Multiple Correlation Coefficient ‘r’ by using the Statistical Package for Social Sciences (SPSS). Data were gathered from primary and secondary sources. 90 copies of questionnaire were distributed to the respondents and only 60 were returned. Two hypotheses were formulated; the first to test whether treasury single account (TSA) affects budget implementation in tertiary institutions and the second to determine the level of budget tracking and a model was formulated. Findings from hypothesis one show that about 97.6% of the proportion of change in budget implementation is being predicted by the treasury single account (TSA), hence the null hypothesis was rejected. Hypothesis two revealed a correlation level of 58.3% (.583), therefore the null hypothesis was rejected. The study therefore recommends that the treasury single account regime should be strengthened to facilitate better and improved budget implementation/tracking in federal tertiary institutions and given the success of TSA regime in federal tertiary institutions, state owned tertiary institutions who are yet to adopt the TSA should be made to comply in order to tap from the increased benefits of better and improved budget implementation/tracking in state owned tertiary institutions.