Federal Treasury: functions, powers, tasks and leadership

Among the most important Russian financial authorities is the Federal Treasury. What tasks does it solve? How is the management of this state structure organized?

Federal Treasury: regulatory regulation

The tasks that the Federal Treasury decides, the functions performed by this authority, are regulated at the level of individual regulations. The most important of them can be called Government Decision No. 703, adopted on 01.12.2004. This normative act regulates, how the system of the Federal Treasury functions, how the management of this institution is organized, and many other aspects of the activity of the corresponding state structure.

This source of law also determines the coordinates of the agency in question. Where is the Federal Treasury located? The address of the department, which is noteworthy, is indicated in the regulatory legislation by several points. One of them: Moscow, st. Ilinka, 7, 9, and also 10/2, building 1.

Let us now study the main provisions of this normative act in the part of defining tasks, powers, functions, as well as organizing the management of the Federal Treasury in more detail.

Law enforcement functions

In accordance with the provisions of the regulatory legislation, the department in question performs the following main functions:

• Law enforcement;
• Control and supervisory.

In fact, they correspond to the key activities that are carried out by the Federal Treasury.

The functions of this agency, which are classified as law enforcement, are mainly related to the execution of the federal budget, as well as cash services for payments related to other legal relationships within the budget system of Russia. The Federal Treasury, performing the function in question, performs preliminary, as well as ongoing monitoring of the relevant financial transactions.

Supervisory and supervisory functions of the department

Actually, control is another important direction of the activity of such a structure as the Federal Treasury. Functions in this area of work of the department can be connected both with the solution of tasks within the financial and budgetary sphere, and with interaction with private structures - for example, audit firms. Control is supplemented by supervision - an activity that does not involve significant interference in the economic activities of the subjects of the budgetary process and other organizations related to this sphere.

The functions of the state structure in question can be expanded and supplemented - proceeding from the order of execution of its powers, as well as the specifics of the tasks assigned to the department.

What powers does the Federal Treasury have?

Consider, therefore, what powers of the Federal Treasury are established by the regulatory legislation. These include, in particular:

• Bringing to the participants of the budget process information on budgetary lists, limits of obligations, as well as the amount of state funding;
• Accounting operations related to the cash execution of the country's budget;
• Opening accounts with the Bank of Russia, as well as private credit organizations, for the purpose of accounting for public funds in accordance with the legislation of the Russian Federation, establishing the modes of these accounts;
• Opening, as well as maintaining personal accounts for operations of participants in the budget process;
• Management of the consolidated register of participants in the budget process;
• Accounting according to the indicators of the consolidated list of the state budget, by the limits of obligations;
• Providing the Ministry of Finance of Russia with operational information, as well as reporting related to the execution of the state budget;
• Receipt from the participants of the budget process of materials that are needed for the formation of reports on the execution of the state budget;
• Distribution of income from transfer to the budget of taxpayers of federal payments in accordance with the norms of legislation;
• Forecasting, cash planning of the allocation of state budget funds;
• Management of various operations within the single account of the state budget;
• Cash services for execution of various budgets;
• Realization of cash payments in the framework of financial transactions on behalf of competent state bodies;
• Conducting preliminary, as well as ongoing control over the conduct of operations with funds of the federal budget, carried out by the managers and recipients;
• Confirmation of financial obligations of the state budget;
• The use of a permissive signature within the framework of the realization of the right to implement state expenditures, taking into account the established limits;
• Monitoring and supervision within the budgetary process;
• External quality control of the performance of audit firms in accordance with the legislation of the Russian Federation;
• Carrying out of the analysis of execution of various budgetary powers by the state and municipal structures;
• Evaluation of the results of the work of the chief administrators of state budget funds, which is aimed at internal control and audit, as well as the transfer of the necessary recommendations to these structures;
• Approval of requirements for the implementation by state and municipal authorities of control established by law authorities;
• Implementation of proceedings in cases involving administrative offenses in accordance with the norms of the legislation of the Russian Federation;
• Control over the timeliness, as well as the completeness of elimination by various subjects of the budget process of the revealed violations of the legislation of the Russian Federation, as well as over compensation for their harm caused;
• Representation in the manner prescribed by law, the interests of the state in the judicial authorities in the context of the consideration of disputes that are relevant to the authority of the agency.

The full list of powers of the authority in question is very voluminous. It is fully disclosed in the provisions of Resolution No. 703. These powers can reflect a variety of tasks that are decided by the Federal Treasury, the functions performed by the department. Powers - the most important resource for the implementation of any task by any authority, and they are provided by the legislation of Russia to the agency in question, thus, in a fairly broad spectrum.

The objectives of the Federal Treasury

So, we examined the powers of the Federal Treasury, now we will study what tasks the department is solving. First of all, it should be noted that they are determined by the key objectives of the relevant structure. These include:

• The formation of a common information space for the activities of state and municipal structures, which is connected with the management of financial flows;
• Ensuring effective cash services to subjects of various sectors within the system of state power;
• Improvement of settlements within the budget process;
• Assistance in improving the efficiency of budget management;
• Ensuring the reliability of the state treasury system;
• The development of the foundations, as well as the implementation of an effective personnel policy.

What tasks does the Federal Treasury decide?

In turn, the tasks of the Federal Treasury, determined on the basis of the need to achieve these goals, will be as follows:

• Ensuring transparency, as well as accessibility for interested persons of information on the budget process;
• Creation and maintenance of development of the state information systems, related to management of budgetary funds;
• Cash servicing of operations within the budget system at various levels;
• Ensuring the application of new technologies in work, improving the infrastructure of interaction with subjects of the budgetary process;
• Cash services for various state funds;
• Participation in the development of regulations governing the implementation of various budgetary payments;
• Creation of the necessary conditions for the integration of various processes at the level of the public procurement system, as well as the execution of budgets;
• Improvement of approaches to the development of personnel policy.

We will now study how the legislation of the Russian Federation regulates the organization of work of the state structure under consideration.

Organization of work of the Federal Treasury

What place does the corresponding state structure occupy in the system of Russian authorities? Under the law, the Federal Treasury is accountable to the executive body - the RF Ministry of Finance. The chief executive of the department is the head of the Federal Treasury. He receives his post, and is also exempted from it by the Government of the Russian Federation on the proposal of the head of the Ministry of Finance of the Russian Federation.

The head of the department bears personal responsibility for the implementation of the relevant authority by the relevant government structure. The head of the Federal Treasury has deputies who are also appointed and exempted from the positions held by the Government of the Russian Federation on the proposal of the head of the Ministry of Finance of the Russian Federation. At the same time, the supreme executive body determines how much the head of the Federal Treasury should have deputies.

Specificity of the work of territorial bodies

The considered state structure carries out activity through territorial bodies. At the same time, this or that branch of the Federal Treasury in the regions can function along with the state institutions accountable to the structure under consideration.

Representations of the relevant state organization can interact with regional executive bodies, municipal structures, and other authorized entities. However, this or that regional department of the Federal Treasury, one way or another, is subordinate to the federal center. In many cases, the entry of these structures into certain legal relations at the level of the constituent entities of the Russian Federation may require authorization by higher state authorities.

Thus, both federal and regional bodies of the Federal Treasury are accountable to its head. It will be useful to consider in more detail which tasks it solves - those are determined by legislation in a fairly broad list.

The tasks of the head of the Federal Treasury

In accordance with the regulatory legislation, the head of the Federal Treasury solves the following tasks.

First of all, this is the distribution of responsibilities between the appointed deputies. The volume of work performed by the bodies of the Federal Treasury accountable to Moscow is quite large, and for the effective control over the activities of regional structures it makes sense for the head to distribute his duties among his subordinates.

The person holding the relevant position also solves the tasks related to the provision to the Minister of Finance of the Russian Federation:

• Draft regulations on the activities of the Office;
• Proposals for determining the maximum number, the remuneration fund of specialists of the central apparatus, as well as the territorial structures of the Federal Treasury;
• Proposals on the appointment of deputy heads of the department to official posts, as well as heads of territorial structures;
• Project documents for the annual plan, as well as forecast indicators of the work of the agency, a report on the implementation of the provisions recorded in them;
• Proposals related to the development of the draft state budget in terms of ensuring the activities of the Office;
• Project documents on the regulations on the territorial structures of the Office;
• Proposals concerning the awarding of employees of the central apparatus, territorial structures of the department and other persons who work in the regulated sphere, state awards.

In addition, the head of the state structure in question solves such problems as:

• Identification of persons who must work in the central office, as well as replace persons who head the Federal Treasury Department in a particular region;
• Consideration of issues related to the passage of citizenship by a public service in the agency in question;
• Approval of regulations governing the activities of structural units within the central apparatus of the organization;
• The formation of the structure, as well as the staffing table within the central apparatus - within the resources for remuneration of labor, as determined by the Government of the Russian Federation;
• Approval of the cost estimates related to the financial support of the central office of the agency within the appropriations reflected in the state budget;
• Determination of the number of staff, as well as the size of the payroll of employees who work in the regional structures of the Federal Treasury;
• Establishment of an estimate of expenses related to the financing of the subdivisions of the department in the subjects of the Russian Federation;
• Approval of the Regulations on the Certificate of Honor of the Office, documents regulating other departmental awards;
• The issuance of orders within its competence - in accordance with the provisions of the Constitution of the Russian Federation, federal regulations.

Summary

These are the specifics of the organization of the work of the department in accordance with the regulatory legislation. The activity of the federal treasury is strictly regulated, since this department solves the most important tasks of managing the state budget. The organization in question operates within a strict departmental vertical.

In the competence of such a body as the Federal Treasury - the execution of budgets at different levels. In turn, the agency is accountable to the main authority responsible for economic development of the country - the Ministry of Finance of Russia. Specificity of the legal regulation of the activities of the department is characterized by the establishment of norms that imply the solution of a wide range of tasks, provided, at the same time, a sufficiently large scope of powers established by federal legislation.