What is the purpose of the Local Government Finance (LGF)?

The purpose of the Local Government Finance (LGF) is primarily to oversee budget approvals. This function is essential as it helps ensure that local governments operate within their financial means while still providing necessary services to the community. By overseeing budget approvals, the LGF helps to establish a systematic approach to financial planning and management at the local government level. This oversight process includes reviewing proposed budgets, ensuring compliance with financial regulations, and aligning financial resources with community priorities.

While evaluating local programs, enforcing tax regulations, and auditing municipal financial statements are important aspects of local governance and finance, they are not the core purpose of the LGF. These functions may intersect with the work done by the LGF but do not encapsulate its primary mission of managing and approving budgetary processes.