The public sector in the broadest sense of the word implies to all institutions and organizations in which income is generated from budget funds, i.e., those that are "entrusted" with citizens' funds for spending, i.e. revenue collected from the budget users. Financial management and control include all financial and non-financial processes and activities in the business of the entity, and those are performed in all organizational units and on all levels of the entity and include the funds of the entity, including funds obtained from other sources. In accordance with the above, financial management and control include the following interconnected elements, which are defined in accordance with the international standards of internal control: control environment, risk management, control activities, information and communications, monitoring and evaluation of the system. Financial management and control are based on the management accountability at all levels, whereby the heads of the entities are responsible for the establishment and proper functioning of financial management and control in the organization they manage. On the other hand, financial management and control help managers in performing their tasks, i.e. provide support for the organization to achieve its goals by operating in a correct, economical, efficient, effective and public manner.