Monitoring of the Federal Legislation dated 8.10.2004

Order of the Ministry of Finance of the Russian Federation No. 70n of August 26, 2004 on the Endorsement of the Instruction on the Budget Record Keeping

The Instruction defines the procedure of the budget record keeping, which is a regular system of collection, registration and summarising of information in the monetary form on the condition of the financial and non-financial assets and obligations of the bodies of state power, bodies of management of the state extra-budgetary funds, bodies of management of the territorial state extra-budgetary funds, bodies of local government and created by them budget institutions and operations resulting in the changing of the above assets and obligations.

Specifies the chart and correspondence of accounts, provides the forms of the primary documents and recommended registers of the budget records indicating obligatory requisites and figures.

The Order is entered into force from January 1, 2005.

The switchover to the Instruction shall be implemented as soon as there is an organisational and technical readiness of the bodies of state power, bodies of management of the state extra-budgetary funds, bodies of management of the territorial state extra-budgetary funds, bodies of local government, budget institutions.

Registered in the Ministry of Justice of the Russian Federation on October 5, 2004. Reg. No. 6055.