The diploma thesis entitled Determination and distribution of business results in budget accounting on the example of the City of Novigrad-Cittanova consists of a theoretical part and an example that supports the theoretical part. In the theoretical part of the work, all the most important features of the budget, budget principles and classifications are presented and explained, financial forms, consolidated financial statement, submission deadlines and methodology for determining the financial result and the decision on the distribution of results are processed in more detail. The aim of this research was to clarify the financial statements in budget accounting and, specifically, on the example of the City of Novigrad-Cittanova, to determine the result of operations for the year 2022 and the distribution of results. The paper is completed with an example based on the realized budget of the City of Novigrad-Cittanova for 2022. The consolidated financial statement (level 23) of the City of Novigrad-Cittanova was processed in detail, where the consolidation of its own financial statement (level 22) was presented together with the financial statements of budget users in its jurisdiction. Based on the data from the Report on income and expenses, receipts and expenses - Form PR-RAS for the year 2022 (levels 22), the results of operations by activity were determined. In the budgetary accounting system, three results are reported for each of the three activities: from regular operations (result of operations), from capital activity (result from non-financial assets) and from financial activity (result from financial assets). After the determined result for the business year, a mandatory correction of the result is carried out on subgroup 922 for the amounts of capital transfers realized during the budget year that were spent on the acquisition of non-financial assets. The operating result determined in this way can be adjusted based on the decision of the representative body to possibly cover the shortfall from non-financial and/or financial assets.