State and municipal finances. The process of creating a local budget (most important)

Lecture notes, cheat sheets
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State and municipal finances. The process of creating a local budget (most important)

Lecture notes, cheat sheets

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20. The process of creating a local budget

Work with the local budget goes through several stages: drafting, reviewing and approving the budget, execution, reporting on the execution of the city budget.

The city administration draws up a project based on the annual resolution of the head of the city administration on the development of a draft city budget and a long-term financial plan. The drafting of the city budget begins six months before the start of the next fiscal year.

The interdepartmental commission is directly involved in the consideration of the budget. The Commission in its activities is guided by the current legislation of the Russian Federation, the legislation of the subject, the Charter of the municipal district and other regulatory legal acts.

Taking into account the decisions of the interdepartmental commission of the city administration on the preparation of the draft budget of the city, the finance committee of the city administration is finalizing the draft budget by October 1 of this year.

Based on the results of consideration, the head of the city administration either approves the city's draft budget, or rejects it and sends it for revision.

After passing the procedure of public hearings, the draft decision on the city budget is submitted by the head of the city administration for approval to the city duma, along with the necessary documents and materials.

Further, the draft decision on the city budget is submitted to the city duma. Simultaneously with the draft budget, the following shall be submitted to the City Duma:

1) a program of municipal internal borrowings provided for the next financial year to cover the budget deficit;

2) assessment of budget losses from the provided tax benefits and preferential use of municipal property;

3) assessment of the expected execution of the budget for the current financial year;

4) a draft forecast plan for the privatization of municipal property;

5) calculation according to the main income classification items;

6) the final document of public hearings on the city's draft budget.

The next stage of the budget process is budget execution. The city administration ensures the execution of the city budget. The city establishes the treasury execution of the budget. The organization of the execution and execution of the budget, the management of the unified account of the city budget and budgetary funds are entrusted to the finance committee of the city administration. The city budget is executed on the basis of the principle of unity of the cash desk and subordination of expenses.

The bank through which the cash execution of the budget will be carried out is selected on a competitive basis.

The execution of the city budget by income occurs as follows:

1) transfer and crediting of income to a single account of the budget;

2) return of excessively paid amounts of income to the budget;

3) accounting for budget revenues and reporting on budget revenues.

The execution of the city's budget for expenses occurs within the limits of the actual availability of funds in the account. In this case, two procedures are observed: authorization and financing.

Author: Novikova M.V.

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