This circular rectifies the content of Point 9, Section IV in Joint Circular No. 21/2003/TTLT/BTC-BGD&ĐT-BNV on financial management regulations for public educational and training institutions regarding the transfer of unspent funds to the following year for continued use.
Key points
- Public educational and training institutions that operate with income → may transfer unspent regular expenditure funds to the next year in accordance with Point 9, Section IV of Joint Circular No. 21/2003/TTLT/BTC-BGD&ĐT-BNV (rectified).
- State Treasury → shall process the transfer of unspent funds to the following year for public educational and training institutions according to Circular No. 81/2002/TT-BTC.
- The same-level financial authority → shall be notified in writing by the State Treasury regarding the fund transfer.
- The State Treasury and the unit must reconcile between both parties by the end of December 31 to implement the fund transfer.
- Settlement of transferred funds will be conducted during the following fiscal year's accounting period.
🌐 Social impact of this document
Updating.
❓ Frequently asked questions
Can public educational and training institutions transfer unspent funds to the next year?
Yes, according to Point 9, Section IV of Joint Circular No. 21/2003/TTLT/BTC-BGD&ĐT-BNV (rectified).
When does the State Treasury carry out the fund transfer?
By the end of December 31 after reconciliation between the State Treasury and the unit.
Full text
LETTER
OF THE MINISTRY OF FINANCE NUMBER 3619/TC-VP DATED APRIL 16, 2003
REGARDING CORRECTION OF LEGAL DOCUMENTS
Dear: - National Assembly Office
- President's Office
- Government Office
- Party Central Committee and its Departments
- Supreme People's Court
- Supreme People's Procuratorate
- Ministries, ministerial-level agencies, and government agencies
- Provincial People's Committees under the central government
On March 24, 2003, the Joint Circular No. 21/2003/TTLT/BTC-BGD&ĐT-BNV was issued by the Ministry of Finance, the Ministry of Education and Training, and the Ministry of Home Affairs regarding "Guidelines for financial management systems applicable to public educational institutions with revenue."
Due to a printing error, part of the content in Point 9, Section IV is missing. The Ministry of Finance hereby corrects the content of Point 9, Section IV as follows:
"9- At year-end, any remaining funds from regular expenditures allocated by the State Budget and revenue-generating activities of public educational institutions shall be carried over to the next fiscal year for continued use and settlement in the subsequent accounting period. Based on reconciliation between the Treasury and the entity up to December 31, the Treasury will process the transfer of unspent funds to the following year for public educational institutions according to Circular No. 81/2002/TT-BTC dated September 16, 2002 issued by the Ministry of Finance, and simultaneously notify the corresponding financial authority in writing for management purposes."
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