THE ISSUES OF BUDGETARY INSTITUTIONS’ PROPRIETARY FUNDS USING

Abstract

Article’s main body. According to the p. 15, ch. 1, Art. 2 of Budget Code of Ukraine the own revenues are funds
received in the prescribed manner by mentioned entities, among them: payment for services, works, grants, gifts and
donations and funds from the products, property and other activities sale in the established order . Such budgetary institution’s
revenues credited to the relevant special fund budget with the number of features of such funds using. As follows
from Art. 13 of Budget Code of Ukraine, own revenues of budgetary institutions included in the special budget fund and
the only used to clearly defined objectives. Analysis of the current budget legislation and scientific sources shows that
special aspects of budgetary organizations own funds using associated with: (1) strictly intended direction of the special
funds using; (2) the ability to save these funds on the special account at the end of the year; (3) the ability to place such
funds at the state bank accounts; (4) the possibility of depositing the temporarily free budget funds received for paid
services.
Attracting own funds budgetary institution participates in relations of mobilizing of budget funds, of replenish revenues
of the relevant (state or local) budget and, subsequently, in relations with the distribution and using of such funds.
These relations regulates by the Budget Code of Ukraine and by number of legal acts. At the same time the current problem
is not only the ability of budgetary institutions to receive budgetary funds in full extent, to attract additional (own)
funds, but to ensure timely and fully its spending.
Conclusions. Among the problems associated with the use of own funds of budgetary institutions we could define
the following. The first, the existing inconsistency in terminology between the Law “On education” (para. 2 ch. 2, Art.
70), the Law “On banks and banking activity”, the Budget Code of Ukraine (ch.9 Art. 13) and the Act of the Cabinet
Ministers of Ukraine dated August 26, 2015 № 657 that approved the Order of the placement by the higher and vocational
education institutions of temporarily free budget funds received from the paid services on deposit accounts (ch. 1.
p.2 ). Mentioned inconsistency concerning the definition of the bank where the higher and vocational educations can open
deposit accounts. The second problem is that the Cabinet of Ministers of Ukraine bu its Act dated August 26, 2015 № 657
introduced additional restrictions that are not defined by the Budget Code of Ukraine. For example, regarding the refund
of the special registration account of the establishment that opened in the State Treasury; transfer of funds by the Treasury
bodies on the basis of availability of single treasury account.