On February 2, first deputy head of the regional state administration Volodymyr Panchyshyn held a meeting at which the issue of the results of targeted and effective use of funds, communal and collective property in the region for 2003 was considered, the regional state administration press service reported. \nOut of 886 audited and inspected objects, violations were found at 546 enterprises, institutions and organizations, leading to financial losses amounting to UAH 7.8 million. At enterprises and organizations of the state form of ownership, shortfalls in financial resources and violations leading to losses amounting to UAH 1,649.0 thousand were found; at enterprises of the non-state form of ownership — amounting to UAH 2,262.0 thousand. In communal property entities — amounting to UAH 3,889.5 thousand. \nTypical financial violations were expenditures of budget funds exceeding estimate allocations and without their availability, payment for inflated volumes and costs of repair and construction work, violations in leasing state and communal property, remuneration of labor, shortages and illegal write-offs of inventory items, failure to record funds received, and others. \n
As a result of non-targeted and inefficient use of funds by enterprises in Volyn Oblast, financial losses in 2003 amounted to UAH 7.8 million
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