Abstract
The article outlines the main conditions of interaction of the population, economicentities and local authorities in the sphere of ensuring the sustainable development of territorial communities. The dualistic nature of the autonomy of local government is revealed, the essence is that the manage-ment of the territorial community simultaneously performs the functions of the state within the limits of their responsibility and by the same time has to plan its activities as separate economic entities in order to be able to ensure the sustainable development of the territory. The need for further research is outlined and suggestions are given for building a functional-organizational model of managing the sustainable development of the territorial community. The proposed model is based on the resource approach and takes into account the divisionof all functions into two main functional blocks: man-agement support functions and development functions, and also takes into account the main stages of economic activity. The proposed model provides two main components of the economic result of man-aging the sustainable development of the community: efficiency and effectiveness, which corresponds to the dualistic nature of municipal management. The article also reveals the features of a systematic approach to assessing the economic potential of the territory. While the principles of balanced devel-opment orient the management to invest larger amounts of resources in less developed areas of eco-nomic activity, giving preference to the financing of priority areas of economic activity of the region will be able to increase the efficiency of management and the overall economic potential of the region. The proposed model determines the place and key role of innovative activity for the sustainable de-velopment of the region. The issue of monitoring and evaluating theeffectiveness of the economic activity of territorial communities remains insufficiently resolved today. This especially applies to indicators that are difficult to describe in terms of value
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