ANALYSIS OF THE FINANCIAL WORK OF THE TERRITORIAL COMMUNITYJournal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.2, No. 47)
Publication Date: 2021-03-31
Authors : Zhelizniak Roman;
Page : 62-66
Keywords : territorial community; analysis; financial work; development strategy;
Reforming the system of public finances and administrative-territorial organization of Ukraine affects the formation of effective mechanisms for financial support of the functioning of territorial communities for their full involvement in the processes of socio-economic growth of the state. In this context, the theoretical principles of the need to analyze the financial condition of territorial communities in Ukraine are considered. In accordance with modern domestic transformation processes, local self-government bodies are gradually becoming influential subjects of financing the development of territorial communities in Ukraine. In addition to them, today the important subjects in these processes are public authorities that provide funding for the development of territorial communities. The author of the study analyzed the financial work of Novostrilishchanskaya TG during 2019–2020. As a result, the amount of budget allocations increased by UAH 442082. Revenues from the provision of services also increased by UAH 6,668. The amount of income from exchange transactions increased by UAH 448,750,000. Tax revenues of the budget decreased by UAH 35,642. However, the total budget revenues increased by UAH 492,853. As for expenditures, there was a significant increase in expenditures for the implementation of budget programs by UAH 424,473. Based on the SWOT analysis, problems were identified and priority areas of community development were selected. The community has significant prospects for economic and social development, associated with a favorable geographical location, good transport links and hard work of community residents. It is substantiated that the financial support of territorial communities should be understood as the process of formation, distribution and use of financial resources in order to meet the needs and interests of citizens in all spheres of life in the territory. In this context, the main priority areas of financial development of the community for the next 3–5 years are proposed. Effective methods of analysis of financial work for construction of strategy of development of territorial communities are defined.
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