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December 2021 (published: 08.12.2021)
Number 4(47)
Home > Issue > Institutional mechanism for improving external
municipal financial control
Pashkova T.А. , Gerashchenko I.P.
The article presents a study of organizational and financial relations arising from the functioning of local finance, institutional aspects of organizing the activities of control and accounting bodies of municipalities in order to develop an institutional mechanism for improving external municipal financial control. Based on the systematization of methodological approaches to assessing the effectiveness of external municipal financial control, the author has developed a system of indicators for a comprehensive assessment of the effectiveness of the activities of control and accounting bodies, reflecting the effectiveness, productivity, profitability, quality, consistency and functionality of their activities. The control and expert-analytical activities of the control and accounting bodies, their active participation in the budget process allows them to exert institutional influence on all structural elements of local finance. An institutional mechanism for improving external municipal financial control as the basis for the development of local finance is proposed, including: a methodology for forming a rating of municipalities by the level of efficiency of the control and accounting bodies of municipalities, based on a system of complex criteria of the author's model for assessing the effectiveness of their activities, and organizational and economic tools, aimed at improving the external financial control of municipalities in the context of six criteria: efficiency, productivity, profitability, quality, consistency and functionality.
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Keywords: external municipal financial control, bodies of external municipal financial control, control and accounting bodies, institutional mechanism, performance assessment, assessment criteria
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 336.148
Institutional mechanism for improving external
municipal financial control
The article presents a study of organizational and financial relations arising from the functioning of local finance, institutional aspects of organizing the activities of control and accounting bodies of municipalities in order to develop an institutional mechanism for improving external municipal financial control. Based on the systematization of methodological approaches to assessing the effectiveness of external municipal financial control, the author has developed a system of indicators for a comprehensive assessment of the effectiveness of the activities of control and accounting bodies, reflecting the effectiveness, productivity, profitability, quality, consistency and functionality of their activities. The control and expert-analytical activities of the control and accounting bodies, their active participation in the budget process allows them to exert institutional influence on all structural elements of local finance. An institutional mechanism for improving external municipal financial control as the basis for the development of local finance is proposed, including: a methodology for forming a rating of municipalities by the level of efficiency of the control and accounting bodies of municipalities, based on a system of complex criteria of the author's model for assessing the effectiveness of their activities, and organizational and economic tools, aimed at improving the external financial control of municipalities in the context of six criteria: efficiency, productivity, profitability, quality, consistency and functionality.
Read the full article
Keywords: external municipal financial control, bodies of external municipal financial control, control and accounting bodies, institutional mechanism, performance assessment, assessment criteria
DOI 10.17586/2310-1172-2021-14-4-74-82