THE DEVELOPMENT OF METHODOLOGY EVALUATION FINANCIAL REVENUES IN TERRITORIAL COMMUNITIES

Abstract

In the article, theoretical, methodological and practical approaches to the assessment of the financial income of various members of the community were further developed. A model for evaluating integrated financial revenues of banks, insurance companies and enterprises of territorial communities (TC) has been developed, which will ensure the development of economic science and practice in the field of finances of territorial communities. By using the tools of economic-mathematical modelling, the latest tools for making strategic financial decisions were obtained, taking into account the specific costs, the price of the products sold, the time period, and the sums of the invested funds of the community members during their joint financial cooperation. In this context, a study was conducted to assess the role and influence of community members on its financial activities in order to further build an effective development strategy. It has been established that the participation in the development of territorial communities of banks, insurance, leasing, trust, investment companies, etc. will contribute to financial interaction and joint investment within the framework of community activities since financial and credit institutions accumulate the main source of financing the economy - monetary capital. Therefore, in the strategic directions of the financial activity of territorial communities, firstly, active actions will be envisaged regarding the modernization of equipment, the introduction of new technologies, effective marketing and logistics, price adjustments, the search for new product sales markets, and secondly, state, international, and local grants will be involved to obtain additional financial resources.

Keywords

• territorial communities
• financial revenues
• finances
• methods of evaluation
• incomes
• banks