Philippine E-Journals

MANAGEMENT OF FUNDS OF THE GOVERNMENT INSTITUTIONS LOCATED AT LOS BANOS, LAGUNA

Razel Ann Gillera | Jasmine B. Dupaloc | Ma. Katrina B. Ravinera

 

Abstract:

This study determined the process of management of funds of selected government agencies, the Ecosystem Research and Development Bureau (ERDB), the Provincial Environment and Natural Resources Office (PENRO), and the Department of Public Works and Highways (DPWH) located in Los Baños, Laguna. The researchers found that management of funds of government agencies differ. ERDB, being a central office, has a right to play the key facilitating role in the implementations and operations, thus, broadening its scope in getting other sources of funds, allocation, disbursement and monitoring. PENRO and DPWH, which are in the district level, are dependent on the central office. It is possible, however, that the funds allocated by DBM may directly be given to PENRO and DPWH without passing through the central office. This is practiced in order to eliminate corruption. Results of this study were gathered through survey and interviews with the employees of the accounting and administrative offices of the selected government agencies who are involved in the management of funds Based on the results of the study, the researchers recommended that ERDB maintain their current practice in managing their funds. The researchers also suggested that PENRO and DPWH orient their employees, especially those in the accounting and administrative section, about the management of funds for them to better understand the system and appreciate more their work as part of the management of funds of their government agency