FINANCIAL CONTROL IN A DEVELOPING GOVERNMENT AGENCY

Abstract

This paper defines a government agency as any organization funded by the government, whether revenue-generating or non-revenue-generating, with direct or indirect ministerial control. A library organization is considered a government agency, and its operations must be subjected to effective control to ensure satisfactory accountability to remote shareholders, tax payers, and the general public. Public agencies are primarily focused on service to the community, with certain operational control standards imposed due to the government's financial involvement.

The management of government agencies or public institutions is based on the principle that a task must be accomplished efficiently and economically to the community. Public authorities are constituted democratically, with membership elected by the people or nominated by elected bodies. Effective financial control systems are essential for achieving satisfactory accountability.

The paper emphasizes the importance of cost consciousness and cost reduction in government agencies, such as libraries. This would lead to improved staff productivity and efficiency in all areas of library operations. Management should induce a general awareness of costs throughout all stages of operations and instill employees' awareness of costs, promoting efficiency and cost reduction.

Finally, measures should be taken to guide the internal operation of the library business to produce the most satisfactory results or services at the lowest possible cost to the community.