In the last round, new government agency concerned with funding (9)
I believe the answer is:
financial
'concerned with funding' is the definition.
(relating to finances)
'in the last round new government agency' is the wordplay.
'in' means one lot of letters goes inside another.
'the last' becomes 'final' (I've seen this in another clue).
'round' is an insertion indicator.
'new' becomes 'n' (common abbreviation eg NT for New Testament).
'government agency' becomes 'CIA' (Central Intelligence Agency).
'final' enclosing 'n' is 'finanl'.
'finanl' enclosing 'cia' is 'FINANCIAL'.
(Other definitions for financial that I've seen before include "Regarding money supply" , "Involving money" , "Relating to money" , "Fiscal" , "Monetary" .)