Alexander Dubcek, the reformist communist who led the Prague Spring in 1968, made his first public appearance in over two decades. A new, non-communist government took the countryâs reins on December 5, and on December 29, Vaclav Havel, the famed playwright and dissident, was elected President.
The system of checks and balances was established to make sure that parts of our government did not abuse their powers. Each branch, including the legislative, executive, and judicial, has its own unique set of powers and responsibilities to initiate change and to serve as checks, or limits, on the powers of the other branches.
How It Works. 1  All funds are deposited into a central operating account. 2  Subsidiary accounts to handle payroll, petty cash or other similar needs always maintain a zero balance. 3  Each day, the total for all checks presented against each ZBA is offset by a debit to the central operating account.