ON THE SYSTEM OF CONDUCTION OF FINANCIAL TRANSACTIONS UNDER THE PRINCIPLE OF DEMOCRATIC CENTRALISM

This essay is based on an analysis of the sources of funds and staff member structure and job structure in the departments of colleges.It is very important to bring into full play the adjusting function of economic means,coordinate the interests of various parties concerned and use the funds reasonably and legally.This essay advocates democratic centralism in fund management so as to mobilize enthusiasm,encourage income-earning activities,maintain stability,support key projects,practice distribution according to work,admit differences,embody fairness and award special deeds.It points out that an indicator system for fund management,the standards of expenses and operational mechanism of fund management should be formulated.