Budgetary Process in a Selected Municipality

The bachelor thesis deals with the budgetary process in a selected municipality and focuses on various steps of the process, namely a budget draft, budget discussion and approval, budget fulfilment auditing and final account of the municipality. These steps have been applied to the Municipality of Třebelovice. Each step of the budgetary process is first described at the municipal level in general terms and subsequently char-acterized in greater detail for a specific period of time. The data used in the thesis spans the period from 2014 to 2016. As the budgetary process takes roughly a year and a half, only the year 2014 is fully covered, while only some of the budgetary process steps have been analysed for the years 2015 and 2016. The budgetary process of the Municipality of Třebelovice is consistent with the process described in the theoretical part and complies with applicable laws. The examination of the budgetary process has re-vealed some minor deficiencies, most of them related to comprehensibility and trans-parency of budgeting documents. It is true that most of the budgetary process is gov-erned by legislation, but municipalities are allowed to modify or publish some of the data contained in the documents at their discretion. The thesis therefore proposes adding supplementary comments to and giving simpler names to some items of the pub-lished budget draft, as well as adding charts showing the development of revenues and expenditures to the final account. Furthermore, the work advises publishing budget forecasts, as they contain future planned projects. Last but not least, some of the savings should be invested into higher-yield bank products to make the best possible use of them