Article 163. Financial statements of budget organizations and recipients of budget funds

Quarterly financial statements of budget organizations and recipients of budget funds are prepared as of April 1, July 1 and October 1 of the reporting year, and annual financial statements - as of January 1 of the next reporting year.

Financial reports of budgetary organizations and recipients of budgetary funds are signed by the head or a person authorized by him and the chief accountant of these organizations.

Quarterly and annual financial statements are submitted:

from spending units — to Ministry of finance of the Republic of Uzbekistan;

from budget organizations and recipients of budget funds financed from the republican budget of the Republic of Karakalpakstan, regional budgets of regions and city budget of city of Tashkent — to Ministry of finance of the Republic of Karakalpakstan, financial departments of hokimiyats of regions and city of Tashkent;

from budget organizations and recipients of budget funds financed from the budgets of districts and cities — to financial departments of district and city hokimiyats.

Spending units prepare and submit to Ministry of finance of the Republic of Uzbekistan quarterly and annual consolidated financial statements based on the financial statements of their subordinate organizations financed from the republican budget of the Republic of Uzbekistan.

Deadlines for submitting financial statements for subordinate organizations are specified by spending units based on the deadlines for submitting consolidated financial statements to Ministry of finance of the Republic of Uzbekistan.

Consolidated financial statements of spending units are signed by heads of spending units or persons authorized by them and chief accountants.

Recipients of budget funds from the budgets of state trust funds prepare and submit to spending units of state trust funds quarterly and annual financial statements in the manner established by the spending units of state trust funds.

Budget organizations and recipients of budget funds, financed from the republican budget of the Republic of Karakalpakstan, regional budgets of regions and city budget of city of Tashkent, submit financial statements to the relevant financial authorities, specified in part three of this article, within the time frame established by them, but no later than the time frame established by Ministry of finance of the Republic of Uzbekistan.