What are the management requirements of the special fund of the institutions

Chapter 6 of Chapter 6 of the Financial Rules for Institutions (Ministry of Finance Decree No. 8)

Article 22 refers to the special funds which are extracted or set up by the institutions in accordance with the regulations for special purposes.

Article 23 special funds include:

(1) Repair and purchase fund, that is, according to a certain percentage of business income and operating income, in the repair costs and equipment purchase costs (50% each), and in accordance with other provisions of the transfer, for the maintenance of fixed assets of the institution and the purchase of funds.

(2) Employee Welfare Fund, i.e., funds withdrawn in accordance with a certain percentage of the balance and transferred in accordance with other provisions, to be used for collective welfare facilities and collective welfare benefits for the employees of the unit.

(3) The medical fund, i.e., the funds that are not included in the scope of the public medical expenses of the institutions, are withdrawn from the income in accordance with the standards of the public medical expenses stipulated by the local financial departments and are used for the public medical expenses of the employees with reference to the relevant provisions of the public medical system.

(d) Other funds, i.e., special funds withdrawn or set up in accordance with other relevant regulations.

Article 24 of the funds of the withdrawal ratio and management, the state has unified provisions, in accordance with the unified provisions; without unified provisions, the competent department in conjunction with the financial department at the same level to determine.

In order to account for the expenditure of special funds, the general budget accounting shall set up a "special fund expenditure" account. This account accounts for all levels of financial departments with special fund revenue arrangements for expenditure. When the special fund expenditure, debit this account, credit the "treasury deposit" (for the fund in accordance with national regulations to be deposited in the designated bank, should be "other financial deposits") account;

Expenditure recovery, make the opposite accounting entry. At the end of the year, the debit balance of this account should be fully transferred to the "special fund balance" account to eliminate, debit the "special fund balance" account, credit account. The usual debit balance of this account reflects the cumulative expenditure of the special fund.

Baidu Encyclopedia - Special Funds for Institutions