The Improvement Research On Internal Control Of Monetary Funds In BAOJING County People’s Hospital

As the most liquid asset through the course of hospital financial management, monetary fund plays a significant role in the sustainable development of hospital. With a few financial allocations, but being limited, the public hospital confronts with the contradiction that it is difficult for revenue growth to meet the demand of medical growth. While public hospital being responsible for social public interests, its revenue and expenditure shall be conformity with the relevant provisions of the state, which means that a higher requirements would be put forward to the management and control of internal hospital. How to improve the level of public hospital internal controls? Strengthening the internal control of hospital’s monetary fund is the most important part.Baojing County People’s Hospital is located in the western margin of Hunan province, which is of small scale with about 70 million Yuan fund. How to improve the efficiency of the use of such limited funds:firstly, there should be scientific and rational formulation of capital budget, and striving to use the best material at the key point; secondly, increase revenue while cutting down expenditure, and raise the management level of income and expenditure of monetary fund; thirdly, it is the characteristics of cash income that the combination of mostly hospital’s revenue, and enhance supervision and control in each phase of monetary fund. However, with simple capital budgeting method, and extensive budget content, and the income control being not strict, even public funds becoming private deposit, moreover, there is no evaluation mechanism of budget implementation in Baojing County People’s Hospital which has not yet set up corresponding internal supervision institution and is lack of proper daily supervision. In order to advance the internal control level of monetary fund, the budget content should be refined and the revenue and expenditure are supposed to be controlled strictly. What’s more, it should collect all what should be collected and practice economy. Set up punishment-prize mechanism of budget enforcement, and implement the responsible department and individual. The improvement approaches proposed by this paper is conducive to facilitate the internal control of monetary fund to reach a higher level for Baojing County People’s Hospital.