  We explore the ability of the recently established quasilocal density
functional theory for describing the isoscalar giant monopole resonance. Within
this theory we use the scaling approach and perform constrained calculations
for obtaining the cubic and inverse energy weighted moments (sum rules) of the
RPA strength. The meaning of the sum rule approach in this case is discussed.
Numerical calculations are carried out using Gogny forces and an excellent
agreement is found with HF + RPA results previously reported in literature. The
nuclear matter compression modulus predicted in our model lies in the range
210-230 MeV which agrees with earlier findings. The information provided by the
sum rule approach in the case of nuclei near the neutron drip line is also
discussed.
