Abstract:

The financial management of municipalities has been a much discussed subject for several years. The attribute of a municipality is its territorial, personal and economic basis. The position of municipalities, definition of their independent and delegated power, authorities, supervision and financial management is subject to legal regulation in the Czech Republic and Slovakia. The objective of this paper is to formulate proposals, based on the comparison of the provisions of selected acts, which might contribute to the improved financial management of municipalities in the Czech Republic. During the elaboration of the paper, the methods of analysis, comparison, induction and deduction were used. The presented proposals of the legislative changes to Act No. 128/2000 Coll. on Municipalities and Act No. 250/2000 Coll. on Budgetary Rules of Territorial Budgets might result in the improved financial management of municipalities in the Czech Republic.