FINANCIAL MANAGEMENT OF INDIVIDUAL DEVELOPMENT OF TERRITORIAL COMMUNITIES

The article examines the key financial concepts and challenges for the development of territorial communities. The key financial concepts and instruments of territorial community development are analyzed. It is found that the economic development of territorial communities is a priority task of the public administration reform and the strategy of regional development of Ukraine. The main stages of financial management of individual development projects are substantiated – from the generation and selection of project ideas to the evaluation of their effectiveness, proposals for financing and further implementation. It is proved that the improvement of local self-government institutions should be based on three strategic principles of building an open society, as well as effective and fair public administration. The role of stakeholders and features of financial planning in the development of territorial communities; financial instruments and reporting mechanisms are analyzed. The role of stakeholders in financial management and the peculiarities of financial flows in the development of territorial communities are clarified. The distribution of powers in financial management in territorial communities is presented.