I'm okay now, the voice is back to normal thanks to Vir's (MBO of Duenas and our procurement training facilitator) advice to take a tablespoon of oregano juice extracted from fresh leaves. Tastes awful but it works!
As promised, here's the gist of my presentation on the funding source and fund utilization of LGU economic enterprise.
What it is. I first made a pitch about my own perception that treating all enterprises as economic is a misnomer because they are not there to earn money for the LGU but primarily, to deliver a service or provide a facility for the people. I prefer to call them LGU-owned Enterprises or LOEs.
What can be considered as LOEs? They can be classified into: (1) Economic Enterprises in the sense that they are created to improve production and delivery of basic goods and services for a specific market or client group. These include public markets, slaugtherhouses, sports complex, cemeteries and even hospitals; (2) Public Utilities that provide basic need or service to the general public that cannot be adequately provided by the private sector - Examples: waterworks, garbage collection, public transport, passenger terminal, and ports.
Features that characterizes LOEs. Just the more important ones: (a) a business with social objectives, combining entrepreneural skills with strong social purpose; (b) possessing a corporate culture, subject to public service administration and financial controls but operates outwardly in commercial manner; (c) separate unit in the bureaucracy; (d) have comparative advantage in the market with almost monopoly status; (e) heavily subsidized, a considerable consumer of public funds; (f) profits if any, are re-invested for improvement of facilities and operation.
Sorry, this has got to go on piece-meal. I'll post the rest next time.
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