Evaluating Financial Sustainability Practices of Uganda National Cultural Centre (UNCC).
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Date
2024-10-24
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Makerere University Business School
Abstract
This study evaluated the financial sustainability practices of Uganda National Cultural Centre (UNCC). The objectives were to evaluate the financial sustainability of Uganda National Cultural Centre (UNCC), assess the challenges faced by UNCC in maintaining financial sustainability and to propose strategies for improvement based on challenges. Employing a cross-sectional research design and quantitative approach, data were collected from 91 individuals out of a population of 100 using a structured questionnaire. Rigorous validation measures, including pre-testing and expert judgment, were employed to ensure the validity of the data, while reliability was assessed using Cronbach's Alpha coefficient. Data analysis was conducted using SPSS v.25, with descriptive statistics employed for interpretation. The findings shed light on the historical landscape of UNCC's financial sustainability practices, revealing shortcomings in critical areas such as sound financial administration, financial diversification, and own income-generating capacity. Despite these challenges, evidence of strategic financial planning was noted. Noteworthy obstacles encountered in the past include an over-reliance on Government support, increased donor demands, inadequate fundraising activities, and limited involvement in income-generating ventures. In response to these challenges, proposed strategies aim to align with past donor requirements, establish diverse fund networks, implement effective resource utilization mechanisms, enhance stakeholder engagement, and strengthen accountability measures. The study underscores the significance of leveraging past experiences to inform future financial sustainability initiatives at UNCC. Recommendations arising from this historical analysis advocate for the implementation of robust financial administration systems, cultivation of own income-generating capacity informed by past experiences, diversification of financial sources based on historical insights, and prioritization of donor requirements derived from past interactions. Additionally, the study emphasizes the critical role of enhancing financial accountability and optimizing past donor support to ensure sustained organizational growth and impact.
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This is a master's thesis.
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Citation
Musiime, J. (2024). Evaluating Financial Sustainability Practices of Uganda National Cultural Centre (UNCC). (Unpublished master's dissertation). Makerere University Business School, Kampala, Uganda.