ANGELYN CAMILLE MENDOZA LOCAL FISCAL ADMINISTRATION * Fiscal administration refers to systems, structures, processes, resources, and the policy, environment, government, the inter-governmental and inter-local fiscal relations, affecting among others, the following: * the giving of allotments and grants by the national government (NG) to local government units (LGUs); * sharing of taxing powers between the NG and the LGUs, and among LGUs units; * policy on tax rates and structure; * revenue and expenditure planning; * revenue utilization and expenditure allocation; * monitoring and approval of budgets, tax ordinances and other fiscal measures; * policy on borrowing and borrowing instruments; and * appointment and supervision of local fiscal officers. ORGANIZING FOR LOCAL FISCAL ADMINISTRATION: Fiscal activity is present in all levels of the organization, whether line or staff; top management level through middle management; the rank and file. Top management is most interested in it; middle management is deeply involved in it; the rank and file is affected by whatever results from it. ORGANIZING FOR FISCAL ADMINISTRATION: The principal agencies tasked with fiscal functions: 1. Congress, especially the Lower House - Congress is responsible for revenue and expenditure policies. 2. Department of Finance - Revenue generation and collection - Fund custody - Disbursements - Keeping of accounts 3. Department of Budget and Management - Review of estimates and fiscal policy studies are done by the Department of Budget and Management in close consultation with the National Economic Development Authority; The Central Bank and other economic planning entities of the state to see to it that fiscal plans and programs are geared