The study examined the effect of budgetary
process on the financial performance of selected Savings
and Credit Cooperative Societies (SACCOs) in Hoima
District. It considered two major variables which
included budgetary processes and financial performance
in SACCOs. The budgetary process considered variables;
budgetary planning, budgetary participation and
A sample of seven prominent SACCOs was selected
from a list of about 60 other registered SACCOs in
Hoima district (Hoima District statistician report 2018).
The selected SACCOs were Bugambe, Buhimba,
Kigorobya, Kitoba, Self-help, Hoima Entrepreneurs’
Development Association (HEDA) and Kolping
Entrepreneurs Development Project (KEDEP).
The study adopted descriptive correlational and
cross-sectional survey design, and followed a quantitative
approach. The study population was 210 respondents.
The study used (Krejcie & Morgan, 1970) to obtain a
sample of 136. The sample was obtained using a
proportionate stratified and simple random and sampling
technique. Data was collected using self-administered
questionnaires and analyzed using Statistical Package for
Social Sciences (SPSS Version 16).
From the regression table results, it inferred that
financial performance is affected by budgetary processes
of budgetary planning, budgetary participation and
budgetary control in the selected SACCOs in Hoima
district. This was indicated by the p-values recorded:
budgetary planning (t=2.280, p=0.001), budgetary
participation (t=3.065, p=0.004) and budgetary control
(t=3.962, p=0.003); The Pearson’s correlations conducted
at 95% confidence interval and 5% confidence level 2-
tailed, correlation magnitude were 0.788, 0.881 and 0.672
respectively. Results confirmed a significant relationship
between the budgetary process and financial
Keywords : Budget, Budgetary Process, SACCO Performance, Financial Performance, Hoima District and Saccos.