|Title: ASSESSMENT OF THE LOCAL TREASURY OPERATIONS IN THE THREE CITIES OF ALBAY|
Brenda S. Flores, Maria Luisa N. Gonzales and Ma. Luisa T. Belista
Managing finances and financial hazards within an organization is what is meant by treasury. Making sure the company has the resources necessary to meet its ongoing financial responsibilities is a top concern, and it also supports the creation of long-term financial strategies and policies. Without a proper implementation, it may put the organization at stake. This descriptive inferential method of research look into the assessment and effectiveness of the local treasury operations in the three cities of Albay, along revenue generation capacity, local collection growth, and expenditure, agreement of the group of respondents, issues concerning the treasury and assessment policy reforms. It shows that some strengths and areas for improvement were revealed. In terms of the strengths, the cities have a good level of compliance with tax ordinances and measures, and they generally have proper daily cash management. However, there are also areas for improvement, particularly in employee motivation and human resource management, as well as computerization of payments, workflow management, and information accessibility while continuing to provide opportunities for professional development for assessors. Overall, the data provides valuable insights for policymakers and managers to make informed decisions about policy reform services and allocate resources effectively to improve the management of public services in the three cities of Albay.
|Keywords: Assessment, local treasury, operations, social science, descriptive inferential, Philippines.|