Chernigov stores temporarily free funds of local budget conditions that are among the most profitable in Ukraine
In Chernihiv temporarily free means of the city budget in the amount of 335 900 000 UAH placed on Deposit (Deposit) account in PJSC CB "PrivatBank" at 20% per annum up to 20 December 2017, on condition of return of Deposit (Deposit) or part thereof on demand. These conditions are the most favorable among those who have other cities in Ukraine. For example, in sums temporarily available funds of the city budget is placed under the 16.4 per cent per annum, and in Zhitomir – at 15 %. As previously reported, the Bank determined in accordance with the decision of the competition Committee for placement of temporarily available funds of the city budget on Deposit (Deposit) accounts in banks established in accordance with the order of the mayor from January 5, 2016 No. 2-R. The agreement between the financial management of the Chernihiv city Council and PJSC CB “PrivatBank” on placement of temporarily free budget funds in the amount of 335 900 000 UAH for a period up to 20 December 2017, on condition of return of Deposit (Deposit) or part thereof on demand at 20% per annum signed in accordance with the Protocol Commission No. 2 dated December 30, 2016. As of January 6, 2017 specified in the contract amount was transferred in full in accordance with the amount of available temporarily available funds of the city budget. According to the financial management of the city Council, last year the budget of Chernihiv through the placement of temporarily free funds on Deposit received income of about UAH 64 mln. Reference. Temporarily free funds of local budget, the funds of the local budget, which are accounted for in the General and/or special funds on the date of their placement on Deposit (Deposit) accounts and distraction which would not result in the loss of solvency of the local budget and the creation of the debt under the relevant Fund of the local budget during the period in which it is assumed to be placed such funds on Deposit (Deposit) accounts in banks. The Commission for the contest that determines the winner of the competition of the Bank, which ceteris paribus has offered the highest interest rate on Deposit (Deposit) for the corresponding period, formed in accordance with the provisions of the second paragraph of the eighth article 16 of the Budget code of Ukraine and Order of placement of temporarily available funds of local budgets on Deposit (Deposit) accounts in banks approved by the resolution of the Cabinet of Ministers of Ukraine of 12 January 2011 No. 6. The press service of the Chernihiv city Council for the financial management of the city CouncilÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
