Decree of the Ministry of Finance and the State Bank of Czechoslovak No. 6 / 1964 Coll.
Decree of the Ministry of Finance and the Czechoslovak State Bank on the financing, breakdown and control of the reproduction of basic funds
Valid
Effective from 25.01.1964
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6
DECLARATION
Ministry of Finance and Czechoslovak State Bank
of 10 January 1964
on the financing, breakdown and control of the reproduction of basic appropriations
The Ministry of Finance and the State Bank of Czechoslovakia provide pursuant to § 11 of Act No. 83 / 1958 Coll., on the modification of financial planning and financial management of national enterprises and other economic organisations of the state socialist sector, and § 20 of Act No. 8 / 1959 Coll., laying down the basic rules on the State Budget and on the management of budgetary resources:
Subject matter and scope of the adjustment
(1) This decree regulates the financing, breakdown and control of the reproduction of basic funds by state organisations in a supplier's way or under its own direction.
(2) The financing, breakdown and control of the reproduction of basic funds of other socialist organisations shall be governed by the agreement of the Czechoslovak State Bank (hereinafter referred to as "the Bank") with the competent central authorities in applying the principles of this Order.
Financing of the reproduction of basic funds
Documentation for the establishment of a financing plan for the reproduction of basic funds
(1) The basis for identifying the needs in the financing plan for the reproduction of basic funds is:
(a) the State investment construction and general repairs plan, as well as the research and project work plan, drawn up in accordance with the guidelines of the State Planning Commission; and
(b) the financial limits for other investments laid down in the Ministry of Finance guidelines for the establishment of the State Budget and financial plans.
(2) In order to finance the reproduction of basic funds for ministries, other central authorities and regional national committees (hereinafter referred to as "central investors'), the approved funding plans for the reproduction of basic funds are the basis.
(3) The financing plan for the reproduction of the basic funds of a central investor is common to economic, budgetary and specific budgetary organisations. The costs of reproduction of basic funds for non-economic, budgetary or special budgetary organisations (e.g. contribution organisations, awareness-raising facilities and monetary institutions) shall be included by central investors in the plan for financing the reproduction of basic funds to the expenditure of budgetary organisations.
Means of financing the reproduction of basic funds
(1) The financing plan for the reproduction of basic appropriations is determined, depending on the method of financing:
(a) the financial limit of the nominal construction of which the financial limits are:
1. nominal investments,
2. research and project work for nominal construction,
3. other investments for nominal construction,
(b) a financial limit on limited construction, including financial limits:
1. limited investments;
2. general repairs,
3. research and project work for limited investments and overhaul,
4. other investments for limited construction.
(2) The financial limit for nominal investments includes the volume of investments authorised by the government. The financial limit for limited investments shall include the volume of other construction approved in the State Plan, which shall be reduced by:
(a) for the Ministry of Agriculture, Forestry and Water, the planned volume of investment for single agricultural cooperatives;
(b) for regional national committees
1. expenditure on cooperative housing,
2. the value to be obtained, as planned, in action Z.
(3) The costs of overhauls shall be included in the financing plan for the reproduction of basic appropriations in the volume provided for in the general correction plan.
(4) The financial limit of research and project work *) for both nominal and limited construction includes the cost of approved project documentation for investment construction and overhaul. This includes costs for:
(a) initial and procurement projects;
(b) one-stage documentation;
(c) implementation projects;
(d) projects for the construction of domestic organisations abroad (including projects for overhaul),
(e) project documentation for overhaul.
(5) The financial limit for other investments for both nominal and limited construction includes:
(a) the cost of the transfer of land, buildings, buildings, machinery, equipment, tools and inventories by organisations other than state organisations, * *) where such transferred goods have already served as basic resources;
(b) the cost of the transfer of land and older buildings, buildings, machinery, equipment, tools and inventories by private individuals;
(c) costs of investment construction and overhaul abroad from foreign tangible sources;
(d) the cost of the transfer of museum articles,
(e) the cost of works of art and art, if purchased by the Ministry of Education and Culture, the Slovak National Council - the Department of Education and Culture, the art and industrial museums, the National Gallery, the Slovak National Gallery and its branches, galleries and other public collections of works of art managed by national committees and central bodies, but in all cases only for works which are not part of buildings and buildings;
(f) the cost of the payment of the transfer of the management of the buildings of the construction site which have been built to serve the operational, social and administrative purposes of the construction site and which lose the nature of the construction site during the implementation of the construction,
(g) the increases which investors pay to the general suppliers of the technological part and to the direct final suppliers the costs associated with the completion of their supplies for the domestic plants and operating files.
(6) The financing plan for the reproduction of basic funds shall define the funding for all deliveries for the reproduction of basic funds made in the calendar year. It also includes funds for any deliveries that should have been made in the previous year.
Sources of funding for the recovery plan
(1) The financial limit on nominal construction is fully secured by the State budget for all investors.
(2) The financial limit of the limited construction is financially secured for state economic organisations by the fixed amounts: *)
(a) depreciation of basic funds,
(b) profit,
(c) proceeds from the transfer and liquidation of the principal funds;
(d) contributions from other investors;
(e) allocations from the resources of the superior bodies;
(f) national budget allocation (national committee budget),
(g) additional resources, in particular:
1. business funds of workers,
2. the surplus production of canteen and canteen,
3. a fund to increase the culture of travel,
4. the own-cost reduction of local economy enterprises under Government Decree No 953 / 1959 and the surplus of resources over the needs of small municipal services enterprises;
5. resources intended for the modification of rental homes, * *)
6. the allocation from the supplementary budgets of the national committees, to the extent and in a manner laid down by the rules governing the establishment and use of the relevant resources,
(h) other resources determined by the Ministry of Finance.
(3) The management bodies of the State Economic Organisations use parts of their centralised resources and allocation from the State budget:
(a) to provide allocation to direct investors to finance limited construction;
(b) to cover commitments under direct investor guarantees, namely:
1. to the relevant branch of the bank where the investment loan has not been repaid within the deadline;
2. to the relevant supplier where the project documentation is not approved by the date indicated in the nominal list of research and project work.
(4) The resources of the State budget for financing investment are strictly useful.
(5) The financial limit for limited construction is as follows for budgetary and specific budgetary organisations:
(a) provide financial support to the central budget of the managed central office;
(b) the managed national committees provide financial security in the budget of the national committees;
(c) provide financial support for organisations managed by both central and national committees. Additional resources shall include in particular:
1. the supplementary budgets of the national committees,
2. resources intended for the modification of rental homes,
3. the means acquired by secondary activities of teachers and pupils of higher and vocational schools and inmates of medical institutions and social care facilities;
4. workers' incentive funds;
5. the results of the farm canteen and canteen management,
to the extent and in a manner laid down by the rules governing the establishment and use of the relevant resources.
(6) The financial limit on limited construction of sponsorship, awareness-raising and similar facilities is provided in their own budget. In the plan to finance the reproduction of the core funds of the central investor, these funds shall be indicated separately at the level of the financial limit of the limited construction for these organisations.
(7) Unused financial limits for both nominal and limited construction are failing at the end of the year.
Loans
During the year, the State Bank may provide the Czechoslovak State Economic Organisations with:
(a) short-term loans to bridge the time difference between the creation and the plan for the use of enterprise's own resources within a calendar year for limited construction. In the loan application, the investor shall indicate the amount of the loan requested as well as the time schedule for the generation of resources and repayment of the loan. The loan must be repaid from limited construction sources by the end of the current year at the latest. A direct investor shall be entitled to shorten the payment period. In the absence of all the conditions for authorising the loan and its return, the bank may request a guarantee from the authorities of the direct investor for repayment. In exceptional justified cases, the financing branch may allow the direct investor to defer each instalment subject to the agreed repayment period. If the loan is not repaid within the specified time limits and the bank has not authorised the deferral of individual instalments or the agreed remedies are not implemented, the financing branch shall proceed as follows:
1. If a loan is not guaranteed, it shall transfer the balance of the loan or, where appropriate, a payment not paid in time to the account of the investment loan outstanding within the deadline. The investment loan outstanding within the deadline shall be repaid by the branch from the investment account without the order of the organisation;
2. if the loan is guaranteed by a superior authority, the branch shall not transfer the outstanding balance of the loan (instalment) to the investment loan account outstanding within the period but shall claim the guarantee. If a direct investor has an investment loan outstanding within the deadline, he may be granted an additional loan only exceptionally on the basis of an analysis of his business and if a return is provided for both the outstanding loan and the new loan;
(b) exceptional credit assistance for the lack of own resources in the absence of their planned creation. If the company does not generate resources to finance the limited construction as planned, it shall use its financial reserves. If its total resources are still not sufficient for the company, the financing branch of the bank shall request emergency credit assistance if the superior authority cannot ensure the addition of missing funds from centralised sources. Exceptional credit assistance may be granted only if a direct investor demonstrates that failure to produce resources threatens to make important investments or general repairs. In particular, the request for assistance should be supported by an analysis of the causes of the non-compliance and by a proposal for corrective measures. The method of payment of exceptional credit assistance shall be decided upon in the financial settlement;
(c) loans for rationalisation measures of an investment nature in state economic organisations. *)
Investment accounts * *)
(1) Reproduction of the funds of a direct investor is financed by the branch of the bank in whose area the investor's registered office is situated and which holds its turnover (normal) account (hereinafter the "financing branch"). Derogations are possible by agreement of a direct investor with the relevant regional branch (regional branches).
(2) In order to finance expenditure from the financial limit of nominal construction, the financing branch opens a separate financing account for the direct investor of nominal construction.
(3) The funds of state economic organisations to finance limited construction are concentrated on their separate investment accounts. The same accounts shall also focus on contributions from other bodies, including allocations from the State budget, as well as additional resources.
(4) To the authorised loan, the financing branch opens an account for the investor of a short-term investment loan or exceptional credit assistance account and transfers the funds according to its disposition to the investment account gradually. * * *)
(5) Funds in investment accounts are remunerated in accordance with special rules +) and interest is credited to the company's turnover (current) account.
(6) Loans are remunerated according to special rules + +) and interest is paid on the organisation's turnover account.
(7) Economic organisations may only draw funds up to the financial limit of limited construction if they have the necessary funds in their investment account, or if the bank has authorised them a loan under Section 5.
(8) In order to finance the financial limit of the limited construction of budgetary and special budgetary organisations, the financing branch opens a separate account for the investor of the financing of the limited construction. For budgetary and special budgetary organisations involved in the central budget, the balances on these accounts shall be charged at the end of the year with the state budget, and for budgetary and special budgetary organisations involved in the budgets of the national committees shall be charged monthly (within 10 days of next month) with the national committee budget.
(9) The additional resources generated by budgetary and specific budgetary organisations managed by the central body to finance small-scale corporate and local construction are their budget revenue.
(10) The national committees and the budgetary and special budget organisations managed by them pay additional resources intended to finance small enterprise and local investments in budget revenue where they are resources not included in their revenue budget.
(11) If the financial limit laid down in Article 3 (1) is exhausted, the investor may not make any further remuneration, even if he has available funds in the investment account; Article 10 provides for exemptions.
Financing plans for the reproduction of core funds by central investors
(1) The financing plan for the reproduction of basic funds (see Section 2 (2), (3)) shall be submitted by central investors within 10 days of the approval of the national economic development plan and the state budget by the Government to the Ministry of Finance to confirm the required number of copies. Two of these will be retained by the Ministry of Finance, one will be handed over to the State Planning Commission, *) two will be handed over to the Bank's headquarters and the remaining copies will be returned to the submitting central investor.
(2) The Regional National Committees, after approval of the State Plan and the State Budget by the Government (paragraph 1), will submit to the Ministry of Finance an overall plan for financing the reproduction of basic funds (on the model FI) per region, completed only in Section I, Part A, column 1 in total, in Section II, the cost of action Z, and in Section III, the line of expenditure on small business and local investment and the line of state budget. Following the establishment of detailed budgets, the Regional National Committees shall submit to the Ministry of Finance, at the same time as the detailed budgets, a financing plan for the reproduction of basic funds (model FI) completed in all items per region. It shall also provide an overview of the investments for the current year (model FI b).
(3) Paragraph 1 and paragraph 2 shall also apply to changes occurring during the year. * *) Changes, if not due to exceptional circumstances, will be confirmed by the Ministry of Finance only on a quarterly basis. It is necessary, together with the proposal for amendments, to provide a justification.
Breakdown of the financing plan for the reproduction of basic funds for subordinate organisations
Breakdown of nominal construction thresholds
(1) Central investors shall write down their financial limit of nominal construction, broken down by Article 3 (1) (a) on the form "Notification of limits on the reproduction of basic funds" (hereinafter referred to as "Notification").
(2) The notification of the financial limit of nominal construction shall be made by central investors to organisations subordinate to them three times.
(3) The central investor shall retain one copy of the Notification and send the other two to the direct investor; for undertakings in the production unit and for organisations managed by the second-tier administrator through their superior organisation.
(4) A direct investor shall submit both copies of the Notification to the branch of the bank, which shall retain the original and return the certified copy to the investor. The notification shall be binding on the Bank from the day following its submission.
Breakdown of the thresholds for limited construction
(1) Central investors shall write down their financial limit of limited construction confirmed by the Ministry of Finance and broken down in accordance with Section 3 (1) (b) on the form "Financing plan for the reproduction of basic funds" (FI) or on the form "Notification" as part of the breakdown of their financial plan and budget.
(2) At the same time, central investors will classify the resources of the state budget as well as the allocation from their centralised sources to cover the financial limit of limited construction.
(3) The breakdown of the financial limit for limited construction is drawn up by central investors on a square basis; of which one copy shall be retained, one sent to the organisation for which the schedule is drawn up, and two to the Bank Headquarters (Regional National Committees to the Bank's Regional Branch).
(4) Central investors shall break down the financial limits of the limited construction on the one hand (if they are direct investors), on the other hand, on direct investors and on the production units which include subordinate enterprises and, on the other hand, on the other hand, the level 2 budget managers. The Regional National Committees shall proceed mutatis mutandis and shall also make a breakdown to the Regional National Committees.
(5) The production units to which undertakings, district national committees, or level 2 budget managers, urban or local national committees (which include subordinate organisations) are subject shall be treated in the same way as central investors in the breakdown of the financial limits of the limited construction, with the production units and level 2 budget managers submitting an FI form or a double-copy notification with the lists of the financial limits broken down (see paragraph 7) to the branch of the bank designated as principal. The National Regional Committees shall submit them to the Bank's regional offices.
(6) The State Economic Organisation, which is a direct investor, shall submit to the financing branch a breakdown of the financing plan for the reproduction of basic funds supplemented by the planned volumes of each type of own resource within 10 days of the approval of the business plan. The financial limit on the financing of the reproduction of basic funds shall be binding on the Bank as from the day following its delivery to the branch.
(7) They shall submit together with the schedules:
(a) ministries and other central authorities of the Bank's headquarters;
(b) the Regional National Committees of the Regional Branch of the Bank, a list of the allocated financial limits in the arrangement referred to in Annex 1.
(8) In the lists referred to in the previous paragraph, the breakdown shall be made jointly for economic and budgetary organisations and special budgetary organisations. The serial number under which the organisation is included in the list shall be maintained in the Appendices to be drawn up on the basis of changes made during the year. The corresponding FI or Notification forms shall also be marked with the appropriate serial number. The sub-last item of the list shall include the undrawn reserve and the last item shall include the sum of the broken-down limits, including the reserve (i.e. the total financial limit for limited construction approved by the central investor). One copy of the list shall be kept by the central investor as his own roster record.
(9) The breakdown of the financial limits of the financing plan for the financing of the reproduction of basic funds by central investors (or other breakdown bodies) is binding on undertakings and organisations.
Amendments, transfers, increases and overruns of the planned financing plans for the reproduction of basic funds
(1) The approval of the Ministry of Finance is reserved:
(a) transfers of funds between the financial limit of nominal construction and the financial limit of limited construction; transfers from other budget headings in favour of the financial limit on limited construction or vice versa;
(b) for ministries and central authorities, mutual transfers between allocations to economic organisations to the financial limit on limited construction and budgetary resources to the financial limit on limited construction of budgetary organisations or special budgetary organisations and vice versa;
(c) for national committees, after approval of detailed budgets, transfers from the financial limit of the limited construction of economic organisations for the benefit of budgetary and special budgetary organisations.
(2) Through the Ministry of Finance, central investors carry out transfers of funds and financial limits between organisations managed by different central investors, such as the relocation of tasks, providing a limit to other investors in a combined construction which was decided only during the year, by submitting to the Ministry of Finance mutually agreed amendments to the financing plan for the recovery of basic funds. If they do not achieve the transferred amount of 50 000.
(3) When pooling funds during the year for joint construction *) of school, cultural, physical, recreational, tourist, health and social facilities, transfers are made directly between the investor and the main investor. Both investors shall notify their superior authority of the transfers made.
(4) If the construction thresholds permitted by the State Planning Commission in agreement with the Ministry of Finance are exceeded, increased expenditure shall be reimbursed as follows:
(a) if the thresholds for the nominal construction of the government budget reserve are exceeded, * *)
(b) subject to the permitted overrun of the financial limit of limited construction:
1. for economic organisations, the use of a financial reserve, overplank additional resources and overplank subsidy to a superior authority;
2. in the case of budgetary and specific budgetary organisations, the use of superfluous additional resources or measures referred to in paragraph 1 (a).
(5) Where a central investor (or direct investor) is authorised to exceed the financial limits for construction, the following procedure shall be followed:
(a) if the financial limit of the nominal construction is exceeded, the excess shall be paid against the government budget reserve, * *)
(b) if the financial limit of the limited construction is exceeded:
1. for economic organisations, financial reserves, supranational additional resources shall be used, or a supranational allocation shall be granted from a superior authority;
2. in the case of budgetary and special budgetary organisations, superplains shall be used.
(6) A direct investor may, under his own authority, increase the financial limit for research and project work or other investment for limited construction by moving from the financial limit to limited investment or overhaul. A direct investor may also, under his own authority, make transfers between the research and project work limit and the limit for other investments for limited construction. Transfers made under its own jurisdiction shall be discussed by a direct investor with a financing branch and notified to the superior authority.
(7) Movements of the financial limit on limited construction, which may be carried out by a direct investor in accordance with paragraph 6, shall also be authorised to be carried out by a superior body.
(8) Where an economic organisation has free resources representing its financial reserve, or where a superior authority provides it with an extra-plank dedicated subsidy from its centralised sources, it may exceed the financial limit for limited construction under the heading "other investments' for the costs of overplank purchases of older machinery and equipment, tools and inventories, as well as the cost of cash transfers of construction site facilities.
(9) Budget and special budget organisations may exceed the financial limit in actual implementation under the heading "other investments" by the cost of overspending on older machinery, equipment, tools and inventories, by the amounts they have received themselves by selling their own older machinery, equipment, tools and inventories and by taking to the State budget (as in Section 6 (9) (10)).
(10) Direct investors may, for reasons of rounding up the amounts in the plan, exceed the plan to finance the reproduction of basic funds as a result of the invoicing of supplies at the applicable prices to the total amount of 500 CZK.
(11) When the thresholds for construction and transfer referred to in paragraph 3 are exceeded, the approved financing plan for the reproduction of the central investor's basic funds shall not be modified.
Construction of cultural, social and recreational facilities
(1) If the Central Board of Trade Unions allocates a dedicated limit to the organisation for the construction of cultural, social and recreational facilities, the direct investor shall carry out the construction outside the financing plan for the reproduction of basic funds broken down by the central investor.
(2) The Central Board of Trade Unions (Regional Trade Union Council) shall, at the same time as the allocation of the limit, notify the amount of the financial contribution it grants to the organisation. The financial envelope for the limit allocated to investors by the Central Board of Trade Unions shall be:
(a) for economic organisations:
1. own resources representing the financial reserve of undertakings;
2. free additional resources;
3. subsidies granted by the Central Board of Trade Unions at the same time as the allocation of the special-purpose limit;
(b) in the case of budgetary organisations, after prior agreement of the supervisory authorities, own the budgetary savings achieved in ensuring the planned tasks with increased economy.
Tasks and authorisations of the Czechoslovak State Bank for the reproduction of basic funds
Preparation of investment construction
(1) During the period of preparation of the investment construction, the Bank is cooperating with direct investors and their senior bodies.
(2) The Bank is entitled to:
(a) request general prospects (hypotheses) for regional development, zoning plans, forward-looking construction studies, design of investment tasks, project and budget documentation and analysis of the effectiveness of the proposed actions;
(b) make comments on the draft documents for the preparation of investment construction and the proposals in particular in terms of their economic efficiency; the investors are obliged to comment on the bank's comments.
Planning
(1) During the preparatory work for the establishment of the plan, branches cooperate with investors in the preparation and use their knowledge of investor activities.
(2) During the planning work, the financing branch with the investor will discuss the creation and distribution of financial resources. It shall examine the link of the financial plan to the other parts of the plan, such as the depreciation plan and the plan for putting the basic funds into service and the investor's care for the basic funds. In doing so, it shall assess whether the investor ensures that the construction is reduced, that the construction is carried out within optimal time limits, that the construction volume is secured by the planned production of resources and allocation, and that the construction is ready for project and budget planning.
(3) The Bank examines the provision of a reproduction plan not only for investors but also for project institutes and supply organisations. In particular, it shall monitor whether the conditions for the acquisition and delivery of documentation are established in advance and of appropriate quality, and whether the principle of the highest economy, capacity concentration and implementation of construction are respected within optimum time limits. It also monitors, in particular, that the approved buildings are primarily project, capacity and material security.
Financing of the reproduction of basic funds
(1) The financing of the reproduction of the principal funds of a direct investor is subject to investment plans and general repair plans approved by the superior authority (for nominal construction, extracts from the approved annual nominal list of buildings and the list of projects), as well as a plan for financing the reproduction of basic funds. By the deadline set by the Ministry of Finance, the financing branch shall, at the beginning of the year, release funds for built-up buildings, not including machinery and overhaul without an approved financing plan for the reproduction of basic funds and a confirmed financial limit.
(2) The Bank is checking that special-purpose funds are not used for other purposes.
(3) The direct investor shall submit to the financing branch of the bank:
(a) for buildings:
1. approved budget for the procurement (one-stage) project of the construction, *) or approved budget for the initial project of the construction and gradually budgets for implementation projects,
2. an approved timetable for the implementation of the construction for the entire duration of the construction,
3. construction contracts and assembly contracts for the entire duration of the construction and all approved amendments to these documents;
(b) in the case of machinery and equipment, tools and inventories not included in the budget of buildings ("not included"):
1. budgets for construction and assembly work related to the assembly of machines,
2. Economic contracts for work under point 1,
(c) for research and project work:
1. economic agreements on research and project work;
2. a nominal list of research and project work (project plan) for limited construction works.
(4) If documentation is required for the implementation of general repairs, it shall not be submitted as a basis for financing, but the Bank shall be entitled to request it at any time for consultation.
(5) There is no need to submit budget and contract documentation to financing branches for smaller-scale and minor-scale and unincluded machinery with a smaller scale of assembly and construction works. However, branches shall be entitled to request it to be consulted as necessary or to request its submission as a basis for financing. Construction, construction and assembly work related to the installation of machinery and equipment which can be considered as minor and significant construction and work, shall be determined by the Bank taking into account the importance of the construction or sector, the level of investor's management, etc.
(6) The direct investor shall submit to the financing branch:
(a) for limited construction and general repairs, a nominal list, * *) or part of its plan, drawn up in indicators according to the annexed model (Annex 2), containing:
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Regulation Information
| Citation | Decree of the Ministry of Finance and the State Bank of Czechoslovak No. 6 / 1964 Coll., on the financing, breakdown and control of reproduction of basic funds |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 25.01.1964 |
|---|---|
| Effective from | 25.01.1964 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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