The thesis is concerned with the analysis of the option of drawing financial means from the European Union's funds to finance the development activities of municipalities. Thanks to the membership of the Czech Republic in the European Union, the municipalities may draw the subsidies to increase not only their own standard of living, but also of the whole region. After classifying the basic terms focused on the public administration, the municipality budget is introduced in more detail as well as the options for subsidies on various levels of public administration, especially through the structural funds of the European Union. The practical part of the thesis makes a more detailed analysis of the budget of the Boží Dar municipality between 2006 and 2012, including the interview survey-based assessment of the impact of implemented projects on the whole municipality as well as the businesses there.