Revenue forecasting in municipal budgets

The focus of the thesis is set on different ways of analyses of revenue forecasts, their compilation and integration into budget procedure of a certain municipality, in this case Polička. The thesis aims to analyze the ability of the municipality to forecast its revenues as close as possible and to find out whether the forecast can be even more accurate with the help of several statistical methods. A certain part of the thesis is devoted to a description of a method how the municipality forecasts its revenues and what is done before the budget is approved. The result of the thesis shows that the forecasts of the tax revenues are relatively accurate. Futhermore, used methods of revenue forecast are not appropriate for all the revenues in the same way. Therefore it is not advisable to forecast particular revenue by the same method