What distinguishes Autonomous institution from the budget?

According to the domestic legislation of the Russian Federation depending on the type of owner there are three types of institutions: public, private and municipal. In turn, both state and municipal organizations can be divided into state-owned, budgetary and Autonomous. The division between types of institutions is enshrined in the Federal law No. 83-FZ of may 08, 2010. This classification determines the financial-economic independence of the institution, his rights and obligations in respect of immovable and movable property and monetary funds, as well as the degree of independence from the state. But what distinguishes an Autonomous institution from the budget?

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The definition of institutions

Institution – state non-profit or municipal organization (depending on the level of the founder), created for the purpose of rendering services and performing works in areas ranging from science and education to physical culture and sports. Financial support budget of the organization on the basis of the budget estimates for the budget of corresponding level.

The Autonomous institution is a non – profit organization founded by can act as the state represented by the Russian Federation and the subject municipality. The main objective of Autonomous organizations, as in the case of a budgetary institution, is the provision of services and execution of works in various fields.

Owners of property above two types of institutions, assigned to them on the basis of operational management are the Russian Federation, the subject of our country and municipality. Thus, the main difference between Autonomous institutions from the budget is the level of independence from the state and financial-economic independence.

to contents ↑the Difference between Autonomous and public institutions

According to Russian legislation, an Autonomous institution with the presence of such collegial body, the Supervisory Board, which is the supervising authority in respect of the leader and the organization. The Autonomous organization can not be more than one founder.

As to the funding, budgetary institutions receive allocations from the founder by means of the estimate of expenses and income, and Autonomous – at the expense of subsidies and subventions. In addition, all income received by the budget Agency, are transferred to the accounts of the founder. But Autonomous self-administering the organization received from financial activity funds and the Settlor has no right to dispose of the income of the JSC. And most importantly, an Autonomous institution is entitled to engage in economic activities, not contradicting the legislation of the Russian Federation.

Each budget organization is obliged to place their funds only in the accounts of the Federal Treasury. The right to place funds on Deposit with credit institutions is given only to Autonomous institutions. And, as in the case of deposits, only an Autonomous institution can make transactions with securities.

What is the difference between Autonomous and public institutions? In addition to the rights each organisation has responsibilities for which responsible as the founder and the organization itself. The founder of the budget of the organization bears subsidiary liability for all obligations in case of insufficiency of financing of budgetary institutions. In turn, the founder of the Autonomous institution is not liable for the debts of the Autonomous organization.

to content ↑Comparative table

Autonomous institution

In the composition of the institution’s present Supervisory Board performing the function of Supervisory authority
Budgetary institution has no right to borrow

The institution is entitled to open Bank accounts, execute transactions with securities and shares
The personal accounts of budget institutions opened in the Federal Treasury of the Russian Federation

The founder is not liable for the obligations of the organization
The founder bears subsidiary responsibility

Income received on account of the organization
Earnings from operations credited to budget accounts

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