BUDGETING OF PUBLIC UNIVERSITIES - CASE STUDY OF FACULTY OF MEDICINE, UNIVERSITY OF OSTRAVA

Legal and economic position of universities was already enshrined in 1998, by Act no. 111/1998 Coll., on universities and on changes and amendments to other Acts (hereinafter referred to as the "University Education Act"). In recent years, the autonomy of universities has been strengthened. In connection with this change, the responsibility for funding has been increased as well as for the proper management of allocated funds. Public universities receive a significant portion of their funding for their activities from public sources, which are limited, and therefore it is important that these resources are used as efficiently as possible. An effective budgeting should be helpful in this process. Public universities might approach budgeting individually with regard to their specific needs. In particular, the allocation of funds to the lowest parts of public universities (departments and institutes) is an important issue in budgeting, since the educational, scientific and research activities of universities are based on them. This paper explores different types of methods which were tested for allocation of funds at public university in Faculty of Medicine, University of Ostrava. The aim of this work is to find such a combination of given parameters by which funds can be distributed among departments and institutes in the nearest possible amount allocated in the previous year. Based on those parameters the model for the distribution of funds will be compiled and improve according topical needs in the future.