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Financial Monitoring to Be Carried Out in Yerevan Comp. Schools

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  • Financial Monitoring to Be Carried Out in Yerevan Comp. Schools

    FINANCIAL MONITORING TO BE CARRIED OUT IN YEREVAN COMPREHENSIVE
    SCHOOLS THIS YEAR

    YEREVAN, APRIL 12, NOYAN TAPAN. A financial monitoring will be carried
    out in Yerevan comprehensive schools this year. The monitoring will
    contribute to correct realization of school budget, as well as
    solution of financial problems emerging during a schoolyear. Kamo
    Areyan, Deputy Yerevan Mayor, reported during the April 11 press
    conference that the order of implementation of the internal audit of
    comprehensive schools this year was also approved. According to the
    Deputy Mayor, this will lead to the certain financial independence of
    schools excluding inappropriate administrative interference from
    without as far as possible. It was mentioned that at present the
    expenditures and incomes of Yerevan schools for 2005 are being
    approved. This year 8.6 bln drams (about 19 mln dollars) was allocated
    from the state budget to the Yerevan educational system, from which
    school budgets are formed. K.Areyan said that unlike the previous
    years school headmasters also immediately participate in the process
    of formation of school budgets this year.
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