The concept of assessing the City Council management control level for effective decision making

Tetiana Melikhova,Olena Mikhailutsa

doi:10.1051/shsconf/202110711001

Abstract

In present paper, time series models of revenues and expenses of general and special local budget fund in Zaporizhzhia City Council for 2017-2020 are built. The possibility of forecasting time series has been investigated on the example of local budget revenues and expenses. The concept of assessing the level of management control which consists of information-analytical circuit, analysis and modeling circuit, and decision-making circuit has been proposed. The best options for absolute and comparative economic efficiency of accounting and economic expenses of management control have been substantiated. The forecast for calculating the absolute and comparative economic efficiency of management control on the data of Zaporizhzhia City Council is shown and the annual economic effect from its implementation is calculated. The methodological approaches to the analysis of income and expenses of the general and special fund have been improved. They, unlike existing methods, include time series modeling and studies describing complex changes in parameters over time. This made it possible to carry out high-quality management control and increase the efficiency of activities. The SPSS Statistics data analysis package is used for data processing, test assumption and building the future strategy.

Highlights

Successful management in the system of economic relations is directly dependent on specific conditions
Using this forecast, it is possible to build a strategy of actions for the future, applying the obtained indicators to carry out management control of the targeted use of transfers, implementation of targets for the establishment of a special and general local budget fund
Within the present study framework based on the data obtained on general and special funds expenses of the local budget in Zaporizhzhia City Council for 2017–2020, data forecast was carried out using the exponential smoothing method

Summary

Introduction

Successful management in the system of economic relations is directly dependent on specific conditions. The dynamic operating conditions in the region with many different external and internal threats encourage the study of the conceptual frameworks of management control. The implementation of local government activities is impossible without hazards, special attention of the management should be aimed at preventing such threats, as well as leveling their consequences. Optimization of resources and conducting of monitoring efforts aimed at the effective and stable operation of local council bodies, and risk management are approaches to the need for internal control. The systematic implementation of internal control is one of important management functions of the local council body. Monitoring the optimal use of local budget funds, competent management of financial resources, rapid response to threats to minimize and prevent harm ensure effective city management

Literature review

Materials and methods

Data analysis

Economic efficiency for carrying out management control

Findings

Conclusions