EXECUTION, INTERNAL MONITORING, BUDGET VALUATION AND FINANCIAL CONTROL – ELEMENTS OF DMINISTRATION OF LEGAL PERSONS WITHOUT PATRIMONIAL PURPOSE
EXECUTION, INTERNAL MONITORING, BUDGET VALUATION AND FINANCIAL CONTROL – ELEMENTS OF DMINISTRATION OF LEGAL PERSONS WITHOUT PATRIMONIAL PURPOSE

Summary/Abstract: In order to elaborate a functional budget, namely the functionality to allow the non-profit organization to cash the programmed income on time and assign hereto the corresponding destination as expenses, must be considered certain stages that the manager of organization with the help of functional compartment have to meet. These are: planning, execution, monitoring, evaluation and reaction, we refer here to the last four, but laying emphasis on the financial administration control function. We shall refer in this article to the characteristics which are given by the spending the public money in the partnerships of non-profit organizations with entities financed from public funds.

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