In Uzhgorod, utilities will report on the used funds

8 May 2015 11:05  5298281 099288
In Uzhgorod, utilities will report on the used funds

Uzhgorod deputies intend to approve the procedure for the use of funds provided in the city budget for subsidies to cover losses of the utilities. The relevant draft decision is to ensure a transparent and effective procedure for the use of funds.

According to the rules, the recipients of budget funds shall use the budget funds based on a plan, which shall be approved by the main administrator of funds. Total amount of subsidies to cover losses may not exceed the amount of losses of the financial and economic activity.

Quarterly, no later than on the 20th day of the month following the reporting quarter, the company will report on the results of financial and economic activity. The City Council will conduct analysis of the utilities' financial and economic activity.

Read also

Post comment

Users posting offensive comments as to other participants of discussion will be banned by moderator without prior warning or explanation. The information related to these users may be provided to law enforcement authorities upon relevant request.Links and advertising messages are prohibited in the comments!

No comments