Specific Features of Financial Management of Budgetary Educational Institutions

摘要

The article dwells on the issue of financial management in state funded educational institutions of the Russian Federation. There are two sources for providing revenue for such institutions - the federal fund and additional sources of income. The research done presents the analysis of the Far-Eastern state transport university revenue (Khabarovsk, Russia) and investigates the major difficulty for the university which lies in the following: the organization's underfunding brings forth an issue for its overall management. One of the main points revealed through the analysis is chronic underfunding of capital expenditure in the university. Capital expenditure used to be effected on account of capital appropriation of extra-budgetary sources of the institution. Nowadays, it is out of the question since the extra-budgetary fund is used to cover payroll payments of the academic teaching staff in accordance with President Putin's decrees. The authors of the article consider budgetary financing of payroll payments to be a solution to the problem in the university. Moreover, the released capital source can be used for capital expenditure of the university to upgrade its equipment and infrastructure.