Management Of Financial Resources Research Articles

Determining the critical factors for realising successful post-disaster reconstruction projects in the Caribbean

Business as usual project management practice may not be applicable in the recovery of the built environment following a disaster. Unfortunately, little research has been undertaken to understand the nature of post-disaster recovery projects and the requirements for their success in the Caribbean. The Caribbean islands' exposure and susceptibility to natural hazards make it essential to understand what constitutes successful post-disaster reconstruction. By drawing on end-users’ perspectives in four Caribbean islands (Antigua, Dominica, Grenada, St. Vincent) through a quantitative survey and factor analysis, this paper identifies critical factors that determine successful outcomes with post-disaster Caribbean recovery projects. The factor analysis results from the survey responses on 24 empirical success factors suggests four composite Caribbean specific critical success factors, namely, 1) effective management of project knowledge, 2) environment and ecosystem stewardship, 3) stakeholder engagements at multiple levels, and 4) efficient management of financial, social and human resources. The findings from this research can assist with minimising the recurring post-disaster reconstruction projects, project financing donors and managers with an understanding of the issues that matter most to the region success, and realising the end-users’ (the beneficiaries) expectations. Mainstreaming these factors into project planning and execution, and adopting resilience-oriented project management practices, augers well for managing Caribbean disaster reconstruction projects for greater success.

Финансовые аспекты поддержки развития субъектов малого бизнеса в целях инновационного развития экономики

The development of the business sector is a significant factor in a stable and developing economy. This statement is based on the opportunity for small and medium-sized businesses to create new jobs, optimal management of financial resources in the current macroeconomic circumstances. In turn, a stable source of budget revenues is formed for the state through taxes and fees. The conducted studies of statistical data on the financial and economic activities of small businesses for the period from 2017 to 2013 revealed an increase in the total turnover (revenue) by 28.57 %. The study of the financial and economic activities of this sector of the economy in the regional aspect by the constituent entities of the Russian Federation revealed a significant increase in entrepreneurial activity, primarily in the Volga Federal District. The turnover (revenue) indicator increased by 2.29 billion rubles, reaching a significant volume of 6.0 billion rubles as of January 1, 2024. The main sources of financing for small businesses are their own funds, as well as borrowed (credit) resources. An important aspect of the state policy to support the financing of small businesses is the development of alternative instruments: crowdfunding platforms, venture investment, regional events to evaluate start-ups, etc. This approach is largely aimed at expanding financing, through which it is possible to more actively develop the activities of small businesses for the purpose of innovative development of the economy

SCENARIO FORECAST OF THE IMPLEMENTATION OF THE DIGITAL MULTILEVEL MODEL OF TRANSPARENCY OF FINANCIAL RELATIONS

The study aims to develop and evaluate scenarios for implementing a digital multi-level financial and economic relations transparency model, which covers public, corporate, and personal finances. The study aims to identify key factors affecting the level of transparency, assess the consequences of implementing the model, and develop strategic recommendations to improve the efficiency of financial resource management and strengthen trust between market participants.The study's main results include the definition of three model development scenarios: optimistic, pessimistic, and realistic. Each scenario considers the specifics of public, corporate, and personal finance and reflects different levels of influence of key factors such as technological readiness, government support, and market participants' adaptation to changes. The implications of each scenario were assessed, including the potential benefits, risks, and challenges associated with implementing the model at different levels of finance.The study's main conclusions confirm that the digital multi-level model of transparency is an effective tool for increasing the transparency of financial and economic relations, reducing risks, and improving management efficiency. Implementing the model contributes to increasing trust in state institutions, improving corporate governance, and protecting the rights of consumers of financial services. Scenario forecasting makes it possible to adapt the model's implementation strategies to the changing conditions of the external environment, which contributes to its stability and successful integration into the financial system.The study also identifies directions for further research, including assessing the impact of individual digital technologies, developing new methods for monitoring transparency, and exploring barriers and incentives for implementing the model across industries and regions.

THEORETICAL ASPECTS OF FORMATION FINANCIAL RESOURCES TO ENSURE SUSTAINABLE DEVELOPMENT

The article aims to study the mechanism of financing sustainable development to ensure a balanced approach to economic, social, and environmental development. The article examines the theoretical aspects of forming financial resources necessary for sustainable development. Sustainable development involves a balanced approach to economic growth, social well-being, and environmental protection, which requires adequate funding. The main conceptual approaches to defining sustainable development and financial resources are analyzed, focusing on their interrelationship. One of the key issues of the concept of sustainable development is the search for effective sources of financing for the implementation of sustainable development projects. The article considers the possibilities of attracting both public and private funds, including investments, grants, loans and other financial instruments. However, it also emphasizes the crucial role of international financial institutions and organizations in supporting national sustainable development strategies, highlighting the global nature of the issue and the need for international cooperation. The question of the distribution of financial resources between different economic sectors was studied to achieve the maximum effect from their use. Financial planning and management tools that can ensure optimal use of resources are considered separately. The positive dynamics of the growth of expenses for financing sustainable development in Ukraine are shown; however, a negative trend can be observed in terms of the direction of funds from 2022, namely, the volume of financing has decreased in all directions except for the allocation of funds for social protection and social security. The impact of financial resources on the implementation of sustainable development programs is analyzed, including issues of efficiency and transparency of their use. The importance of creating favorable conditions for attracting investments, developing partnerships between the public and private sectors, as well as the need to increase the financial literacy of the population was determined. This underscores the need for education and empowerment in financial matters, as it is a key factor in the successful implementation of sustainable development strategies. Based on the conducted research, it was concluded that the effective formation and management of financial resources is a key factor in the successful implementation of sustainable development strategies. It is recommended to develop a comprehensive system of monitoring and evaluating the effectiveness of the use of financial resources to ensure the achievement of sustainable development goals.

Saving on the Phone—Evidence from Ghanaian Cocoa Farmers

Effective savings mechanisms are crucial for household resilience and economic growth. Savings accounts, whether from banks or mobile-phone based, offer an alternative to informal saving mechanisms as they provide safe and private cash storage. However, there is still no clear evidence on how the use of digital tools can contribute to increasing farmers’ savings, compared with other financial tools such as bank accounts or keeping cash at home. To address this gap, we investigate factors affecting cocoa farmers’ decisions to save, as well as their savings amounts. Shedding light on saving determinants, we answer the question of whether formal and semi-formal accounts play a major role in savings accumulation. For our study, we employ data from a structured telephone survey conducted in 2021 among 405 randomly sampled cocoa farmers. Results from an interval regression suggest that bank account usage is associated with higher savings amounts. In contrast to male cocoa farmers, females seem to use mobile savings tools to their benefit. Our analysis further reveals the importance of education in household financial resource management. We provide valuable results for public policymakers and the private sector towards responsible financial inclusion and pro-poor development of digital financial services.

Analysis of the issue of capital / resources management for higher institutions in the light of the problem of high enrolment and low retention rates: A case study of private higher institutions in the UK

Higher education institutions, particularly private higher education institutions in the UK, are facing significant challenges related to capital and resource management, exacerbated by high enrolment rates coupled with low student retention rates. The effective management of financial and physical resources is crucial for sustaining institutional operations and achieving educational objectives. High enrolment places pressure on existing resources, while low retention impacts long-term financial stability and resource allocation. Understanding these issues is essential for developing strategies to balance enrolment and retention while optimizing resource use. This study aims to analyze how private higher institutions in the UK manage their capital and resources in the context of high enrolment and low retention rates. It explores the impact of these challenges on resource management practices and identifies strategies that institutions use to address these issues. The research provides insights into the effectiveness of current resource management approaches and their implications for institutional sustainability and student success. The research employs a mixed-methods approach, combining quantitative and qualitative data. A comprehensive review of institutional financial reports and resource allocation documents provides quantitative data on capital management. Qualitative data is gathered through interviews with key stakeholders, including administrative staff and financial officers from selected private higher institutions. The study also includes surveys of students to understand their experiences and perceptions related to enrolment and retention. Data analysis involves statistical techniques to assess the relationship between resource management practices and enrolment/retention rates, as well as thematic analysis to identify key issues and strategies from qualitative data. The study reveals that private higher institutions in the UK face considerable challenges in managing their capital and resources effectively due to high enrolment and low retention rates. Key findings include that institutions with higher enrolment rates experience increased pressure on financial and physical resources, leading to difficulties in maintaining service quality and infrastructure. Resource allocation strategies focusing on short-term enrolment gains may negatively impact long-term retention efforts. Effective resource management practices, such as targeted financial planning and enhanced support services, are associated with better retention outcomes. Institutions adopting innovative resource management approaches, including technology integration and strategic partnerships, show improved ability to balance enrolment and retention challenges. The findings highlight the need for private higher institutions in the UK to develop more robust capital and resource management strategies to address the dual challenges of high enrolment and low retention rates. Institutions should consider adopting comprehensive financial planning, investing in retention-focused initiatives, and leveraging technology to optimize resource use. Policy recommendations include enhancing funding models to better support resource allocation and encouraging collaboration between institutions to share best practices. By addressing these issues, institutions can improve their financial sustainability and enhance the overall student experience, leading to better educational outcomes and institutional success.

The synergy of debt management, big data technology and corporate decision-making: A catalyst for enhanced financial performance through operational efficiency and sustainable business strategies

This research explores the impact of debt management and big data technology utilization in management decision-making on corporate financial performance with a focus on operational efficiency and sustainable business strategy effectiveness as intervening variables. It aims to delve into how a firm's debt management strategies and its incorporation of big data into decision-making processes influence its financial outcomes. This study scrutinizes the company's approach to managing its debt structure and levels while the use of big data technology in decision-making reflects the integration of advanced technology in strategic planning by examining debt management. The study further investigates how operational efficiency and the effectiveness of sustainable business strategies act as intermediaries in this relationship indicating the role of a firm's internal processes and corporate strategy in driving financial success. Moreover, the research considers mediating variables such as industry type and market competition level which could affect the relationship between the independent and dependent variables. This study aims to test these relationships providing insights into the influence of debt management and big data technology on financial performance using statistical data analysis. Expected outcomes include a deeper understanding of the strategic implications of these factors for achieving sustainable and improved financial performance in a complex business landscape. Emphasizing the importance of efficient debt management and the strategic application of big data technology, the study highlights the necessity for firms to adopt wise financial resource management and innovative decision-making approaches to navigate the challenges of the modern business environment effectively.

Biologics and Biosimilars in Albania; Consumption and Costs

Biological therapies use proteins that have been produced with biological technology to generate targeted effects within the body, impact the body's immune system, and reduce inflammation at various stages. Biologics are used in the treatment of conditions such as rheumatoid arthritis, systemic lupus, ankylosing spondylitis, arthropathic psoriasis, and psoriatic arthritis. The aim of the study is to conduct a comprehensive review and analyze the market dynamics related to the use of these treatments in Albania. Methods: This is a retrospective and observational study based on FDSKSH’s data for 2023. Results: The total annual reimbursement cost for 2023 was ALL 188,208,780 (1 ALL = 0.01 USD). The average reimbursement cost per patient was ALL 209820.2679. The use of biologics and biosimilars represents 0.028% of all prescriptions and accounts for 1.56% of the total reimbursement costs for drugs. In 2023, the reimbursement cost covered by FDSKSH was 7.14% lower than in 2022. 87.17% of the patients were treated with Tumor Necrosis Factor (TNF) Inhibitors. Etanercept 25 mg (biosimilar) had the highest price reduction of 32.83% in 2024. The most expensive drug in 2023 was Secukinumab 150 mg. Biologics account for 61% of the total annual reimbursement cost, while biosimilars account for 39%. Conclusions: The prescription of biologics is lower compared to biosimilars, but they are associated with significant costs that impact the overall reimbursement costs. The prices of biologics and biosimilars were lower than those in Kosovo, Italy, Greece and will decrease in 2024. Costeconomic evaluations of the most expensive biologics and biosimilars are important for the management of financial resources.

Modelling a financial literacy strategy as a life project concept

Financial literacy as a key element of ensuring sustainability and stability of economic systems is becoming important in the process of economic development. Financial literacy contributes to improving the well-being of citizens and the efficiency of financial resource management at the macro level. Thus, the purpose of the present study was to develop models for evaluating the effectiveness of various financial literacy strategies and their impact on the formation of life projects. A complex of scientific methods, including the analysis of statistical data and modelling of financial behaviour, was used to create a strategic model of financial literacy as a concept of a life project. A methodological approach, encompassing the decomposition of the stages of a person’s life and the identification of the peculiarities, connected with the use of money at each of these stages, was implemented in the research. Approaches to financial literacy focused on various forms of interaction with financial resources were suggested, and effective strategies for improving financial literacy were identified. The concept of financial literacy was examined and specified through the lens of knowledge, skills, and confidence for making responsible financial decisions. The advantages and disadvantages of developing financial literacy in Ukraine were identified, and examples of successful strategies of leading countries were provided. The importance of financial education at different stages of a person’s life was substantiated; the key periods of a person’s life and development, when money can act as earnings, expenses, accumulation, preservation, and transfer, were specified. The assessment of the influence of financial literacy on economic behaviour was carried out, and a life project model that takes into account financial decisions and actions was developed. Monetary models of preservation and accumulation of parental income, pocket money, and earnings from employment were considered in detail. The results of this study can be applied in practice when creating a state strategy aimed at increasing the level of financial literacy of the population and ensuring economic security

تأثير التخطيط الاستراتيجي على التحديات التي تواجه المنشآت الصغيرة والمتناهية الصغر في المملكة العربية السعودية: دراسة حالة في قطاع التعليم

This study aims to investigate the impact of strategic planning on the challenges faced by small and micro enterprises in the education sector in Saudi Arabia. The study seeks to understand the extent to which strategic planning can improve performance, increase productivity, and enhance the competitiveness of these enterprises. The research employed a descriptive-analytical approach, using questionnaires to collect data from a sample of 54 participants, including owners and managers of small and micro enterprises in the education sector. The questionnaires covered five main areas: challenges faced by these enterprises, the application of strategic planning, the use of technology in strategic planning, the impact of strategic planning on these enterprises, and the effect of government support on strategic planning. Additionally, the research included a section for collecting demographic data of the participants. The results of the study showed that strategic planning plays a pivotal role in addressing financial, marketing, and administrative challenges faced by small and micro enterprises. Furthermore, the findings indicated that the use of strategic planning techniques enhances the overall performance and productivity of these enterprises. The study identified the main challenges faced by small and micro enterprises in the education sector, which include difficulties in obtaining financing, bureaucracy, and marketing challenges. The results confirmed that strategic planning helps in setting future goals for the enterprise and developing the necessary policies and plans to achieve these goals, thereby maintaining superior performance compared to competitors. The study concluded that there is a strong positive impact of strategic planning on the performance of small and micro enterprises, as it helps improve financial and human resource management, enhance the ability to adapt to environmental changes, and increase competitiveness.

The Role of Shareholder Management and Market Management in the Enterprise Operations Management-Enterprise Performance Relationship

This research aims to explore the moderating roles of shareholder management and market management in the relationship between operational management and firm performance. By conducting an empirical analysis of 1929 U.S. companies from 2015 to 2023, the results demonstrate that shareholder management capability and market management capability significantly moderate this relationship. Specifically, higher shareholder management capability optimizes firm performance by enhancing the efficiency of shareholder equity utilization and increasing decision-making flexibility, while higher market management capability improves performance by effectively responding to market fluctuations and demand changes. The findings support the financial management perspective of global strategy, emphasizing the importance of efficient financial resource management in international firms. This research provides new insights into the complex roles of shareholder management and market management in enhancing firm performance, particularly in the context of U.S. companies.

УПРАВЛІННЯ ФІНАНСОВИМИ РЕСУРСАМИ ТЕРИТОРІАЛЬНИХ ГРОМАД У СИСТЕМІ ПУБЛІЧНИХ ФІНАНСІВ

The article examines the elements of managing the financial resources of territorial communities in the public finance system. The essence of the concept of public finance was analyzed, the classification of the sources of the formation of financial resources of territorial communities was considered, the level of effectiveness of local self-government bodies in the implementation of the functions and powers assigned to them and their role in managing the resource potential of socio-economic development of administrative-territorial units was investigated. It is established that local financial resources management is carried out using an integrated approach, which includes a combination of resources of the State and non-State sectors of the economy. This is done with a view to achieving the goals and indicators of socio-economic development set out in the planning process in the interests of the population of the administrative-territorial entity. In this context, it is important to apply the principles of financial support for the development of territorial communities in the activities of local public authorities. The analysis of the development of the local finance management system has led to the conclusion that it is advisable to determine a comprehensive indicator of the resource provision of local budgets. It should take into account the indicators of revenues per capita, the percentage of budget subsidies, the amount of funds raised through grant support project activities, the share of borrowing made to the local budget, the assessment of the communal property management indicators of the territorial community, etc. The generalised indicator will make it possible to compare the state of financial and resource provision of the territorial community in regions with different levels of economic, natural, recreational and social potential. At the same time, it should be clearly understood that the system of financial management of territorial communities is fundamentally determined by those who actually, not nominally, influence the development and implementation of management decisions and have actual levers of influence on it.

Performance Indicators of Budget Management at UFSC from 2010 to 2013

Objective: The objective of this study is to verify the variation in budget management performance at UFSC based on indicators from 2010 to 2013. Theoretical Framework: The main concepts and theories underpinning this research were Results Planning and Control, Budgetary Process, and Higher Education Institutions. These concepts were essential for understanding the study's context. Method: The research is characterized by its qualitative, quantitative, descriptive, applied, bibliographic, documentary, and case study nature. Results and Discussion: From the collection of secondary data from documents obtained from UFSC, variations in performance indicators were observed. Although not significant, these variations considerably influenced the budget. Management of financial resources in a public higher education institution of UFSC's size should be continuously monitored to take timely actions and make corrections to avoid greater losses. Research Implications: This study exposes and clarifies the Performance Indicators of UFSC's budget management from 2010 to 2013, for future reflection on budget management. Originality/Value: his study contributes to understanding UFSC's budget management by examining its performance indicators. The relevance and value of this research lie in the growing necessity for effective financial management in public universities.

Sanctions and their impact on accounting in medical budgetary institutions

Accounting is especially important for medical budget institutions under sanctions, in order to ensure financial stability and effective resource management. This article is devoted to topical issues that reveal the impact of sanctions on accounting in medical budgetary institutions. The following methods were used in the research: analysis and synthesis, comparison, logical and systematic approaches. As a result of the research, this article provides information about the healthcare sector, which is one of the most important sectors of the economy. It is shown that in sanctions conditions, which can have a negative impact on the country’s economy, especially in the healthcare sector, accounting is the basis of financial planning and control, ensuring more efficient management of resources and funds. Based on this, the main task of accounting in medical institutions is the correct reflection of all financial transactions and obligations related to the provision of medical services in the accounting system. This allows institutions to control their activities, plan financial flows, and track expenses and income. It is concluded that despite sanctions and geopolitical crises, medical budget institutions are actively developing, mastering new technologies, opening branches and trying to maintain efficiency in the proposed circumstances. The results of the study will be of interest to practitioners in the field of accounting of budgetary institutions, as well as the scientific community involved in research in the field of health care. The results reflected in this article can be used in the educational process of higher educational institutions and in the practical work of accounting departments of modern organizations (including healthcare).

A Systematic Review on Financial Resource Management in Education

Education is an important foundation for the sustainable development of a nation, but it faces challenges in providing quality education. Resource management is essential in addressing these issues because it controls and directs resources to carry out school operations efficiently. Using the PRISMA paradigm, this systematic review examined the literature on resource management, with a focus on financial and human resources. Studies included in this review are focused on the challenges, practices, and recommendations of resource management in educational institutions, written in the English language and conducted between 2020 and 2024, from Google Scholar. Out of 46 records identified from database searching, 12 articles from six countries revealed three themes for the challenges of financial resource management, namely: limited funds, inadequate education and training, and misappropriation of budget. In terms of financial management practices, the analysis showed four themes for financial resource management, namely: budget planning procedures, reporting, financial resource empowerment, and partnership. Meanwhile, three themes appeared for the recommendations to improve financial resource management, such as collaboration, financial management processes, and financial management. These findings make it necessary to implement efficient financial resource management techniques to enhance educational institutions. However, managing resources posed challenges for schools. Thus, further approaches to solving the aforementioned issues may be investigated by researchers in the future. They can also explore problems, viewpoints, and strategies used by school administrators to manage resources other than those included in this study, such as technology and physical resources.

Financial Resource Management Practices and Challenges in Gambella Town Primary Schools, Ethiopia

This study aimed to investigate the practice and challenges of primary school financial resource management in the Gambella town administration of the Gambella Region. The research adopted a mixed methods approach, utilizing questionnaires and interviews as the main data collection instruments. A total of 102 respondents from five schools and the town education office participated in the study. The collected data were analyzed using descriptive statistics for quantitative data and narrative analysis for qualitative data obtained through interviews. The findings of the study revealed several challenges in the budget implementation process and financial resource utilization in the selected government primary schools. The major challenges identified included the lack of stakeholder participation in the budget implementation process, absence of follow-up and monitoring auditing activities, and the resulting erosion of accountability and transparency in budget utilization. Based on the findings, it is recommended that the town education office and schools take measures to increase stakeholder participation in the budget implementation process. Additionally, schools should report their budget performance to the relevant agencies, and the town education and finance office should establish regular monitoring and evaluation mechanisms. These measures can help address the identified challenges and improve the financial resource management practices in primary schools in the Gambella town administration.

The impact of enterprise digital transformation on financial mismatch: Empirical evidence from listed companies in China

Efficient management of financial resources plays a crucial role in the healthy and sustainable growth of enterprises. In this study, Chinese A-share listed companies from 2012 to 2022 are selected as samples. Using text analysis technology, indicators of 'digital transformation' from corporate annual reports are identified and extracted to assess the extent of enterprise digital transformation. Then the impact of corporate digital transformation on corporate financial mismatch and its underlying mechanisms are systematically investigated. The study shows that enterprise digital transformation significantly alleviates the degree of corporate financial mismatch. This influence is achieved by easing enterprises' financing constraints, promoting technological innovation, and enhancing their level of social responsibility. The heterogeneity test shows that digital transformation has a greater mitigation effect on non-state-owned enterprises, enterprises with high degrees of industrial competition, enterprises with high degrees of regional marketization, and technology-intensive enterprises. The research conclusions provide micro-evidence for a deeper understanding of how digital transformation influences the misallocation of corporate financial resources. They also provide important insights for shaping digital economy policies and promoting high-quality development in the financial industry.

Knowledge and Skills Needed for Future Health Administrators: A Systematic Review.

The educational needs of future health administrators, prioritizing their needs, and developing a relationship between these needs and the needs of the community are very important to provide better responsiveness. We aimed to identify the knowledge and skills required for health care management students as future managers of the health community. In this systematic literature review, all studies conducted between 1990 and 2021 were searched in such databases as MEDLINE, Scopus, Web of Science, ProQuest Iran Medex, Magiran and Scientific Information Database (SID), and the collected data were analyzed via the thematic analysis method. Findings of this study were divided into two main categories and fourteen subcategories, including knowledge-related factors (awareness of the structure and processes in the field of health and knowledge of management science) and skill-related factors (planning, coordination, organization, leadership, control and evaluation, management of financial resources and budgeting, service management, communication and information management, human resource management, implementation of participatory and team activities, crisis management, entrepreneurship, innovation, marketing, policymaking, and decision-making). By identifying the knowledge and skills that students need, it is possible to empower them through necessary education. Therefore, by providing responsive education, developing skills, and improving capabilities, we can take an effective step to improve the quality of health system services.

Competencies of Secondary School Principals in Cameroon

We investigated the professional competencies, encompassing both knowledge and management practices, employed by secondary school leaders in Cameroon. A total of 73 principals from both public and private francophone-sector establishments participated in this study, providing responses to a comprehensive 38-item questionnaire. Employing exploratory factor analysis, we identified five distinct factors (competencies) associated with these principals. The findings reveal that, beyond the conventional competencies linked to their pedagogical responsibilities and the management of material and financial resources, school principals have also acquired and refined skills pertinent to the effective management of school communities and the promotion of diversity within their respective educational institutions.

Influence of Financial Resources Management on Project Performance in Public Institutions: A Case of Kigali City (2018-2022)

In this study, we examine the impact of financial resource management on project performance. Projects in Kigali City were poorly implemented due to misappropriation of public funds and insufficient measurement of project performance, especially in subdivisions and surrounding villages, leading to project failure. In directing this research project, two purposes were set: to assess the impact of financial resource management planning on project performance in Kigali City and to examine the impact of financial resource control on project performance in Kigali City. Both financial literacy and resource dependency theories were used, furthermore in order to achieve these objectives, literature was reviewed on the subject matter including definitions of key concepts, conceptual review, theoretical framework, conceptual framework and research gap analysis, additionally the target population of the study was 312 employees of Kigali City and out of them a sample size of 175 employees were selected by using stratified sampling technique. Questionnaires, interview guides and documents were used as data collection tools. Data was processed through editing, coding and tabulation and the data also was analyzed by using descriptive statistics. Findings indicated that there is a significance relationship between financial resources management and City of Kigali’s project performance; and it was found that holding all the financial resources management to a constant zero, project performance of Kigali City will be 30.6 percent, a unit increase in the use of financial resource planning will lead to a 0.731% improvement in project performance in Kigali City, the use of financial resource management will lead to a 1% improvement in project performance in Kigali City. The regression analysis revealed significant coefficients indicating the impact of financial resource management on project performance in Kigali City. With a constant of 0.346, when financial resource management is absent, the project performance is estimated to be 30.6%. For every unit increase in financial resource planning, there is a corresponding 0.731% rise in project performance (Beta = 0.731, t = 6.008, p < 0.001), and similarly, a 1% increase in financial resource control leads to enhanced project performance (Beta = 0.500, t = 2.550, p = 0.025). Notably, financial resource planning exerts the strongest influence on project performance, followed by financial resource control. Both variables demonstrated statistical significance, with p-values of 0.000 and 0.025 respectively, at a 95% confidence level. Thus, all factors examined are deemed significant (p < 0.05). Therefore, based on the findings, the researchers recommend that the public entity Kigali City should continuously ensure that it has financial control expertise to ensure organizational performance.