PLANNING OF CASH FLOWS FOR AN EDUCATIONAL INSTITUTION USING FINANCIAL MODELING

The article considers the peculiarities of financial and economic activities of the State vocational educational institution «Kamianske Center for Training and Retraining of Construction and Motor Vehicle Workers». The role of planning cash flows generated by extra-budgetary funds in the overall process of managing the cash flows of an educational institution is determined. A horizontal and vertical analysis of cash flows was carried out, which revealed disproportions in cash inflows and outflows in the operational and financial activities of a vocational education institution. The dynamics of incoming and outgoing cash flows, balances and net cash flows are analyzed, which indicated a loss in the activities of the educational institution, despite the estimated funding. The key indicators of efficiency of use of cash flows and return on cash flows of the analyzed educational institution are determined for further factor analysis of their impact on the overall financial performance. To study the impact of individual factors on the rational use of financial resources and the ability of an educational institution to generate cash flows, a multiplicative multifactor «OCF-model» is applied. The dynamics of these indicators for the next three years is forecasted with the aim of effective cash flow planning and improvement of the financial condition of a vocational education institution. The effectiveness of using financial modeling for cash flow planning, which makes it possible to assess the relationships between individual indicators of financial results and identify specific factors that affect them, is revealed. Recommendations for the implementation of appropriate management decisions to optimize cash flows and avoid undesirable consequences for an educational institution are provided. The expediency of further research on the issue of effective cash flow planning in practical terms, taking into account the specifics of the financial and economic activities of each individual business entity, is substantiated.