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A Generated Model Of Business Performance In A Higher Education Institution Subdivision

Table 1: Functions of subjects of the budgeting system of the Federal State Budgetary Educational Institution VSUES

Subject Functions
Rector 1) denoting the strategy for generation and use of the consolidated budget at the university for the target year;2) budget commission management;3) the plan approval of financial and economic activities of VSUES
The Department of Economics and Finance 1) organization of planning and budgeting according to the stated principles, goals and objectives;2) monitoring compliance with regulations and methodology of the budget process;3) providing the financial planning quality indicators;4) budget performance analysis
The Budget Committee 1) review and approval of VSUES draft consolidated budget;2) coordination of priority investment directions (if there is a development fund);3) coordination of financing the budget deficit sources (if any)
The Board of Studies approval of VSUES consolidated budget, agreed by the budget commission, and the management financial plan
Financial Responsibility Centres (FRCs) planning and execution of local budgets following local regulatory documents of the university
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