Budgetary Process at the Level of Municipality - Theory and Practice

The bachelor thesis provides information about the budgetary process and its individual steps, including a budget draft, discussion and approval of the budget, control of budget and final account of the municipality. The amount of revenues and expenditures confronts with problem of budget constraint. The important part of the budgetary process is the budgetary forecast. The municipalities plan their investment for the future. The based terms about the local government and budgetary rules, which local municipalities must respect, are described there. Following, a general description of individual steps with focus on the first step, which is the budget draft, is presented. The budgetary process is applied to the selected Municipality of Číhaň. Finally, there are realized the synthesis of the budgetary process and possibilities for improvement are recommended