Kalynevych H. Regulatory means of providing financial monitoring in the educational system of Ukraine

The thesis deals with theoretical and methodological basics as well as substantiation of practical proposals on improvement of financial monitoring in the system of education. The author suggests solution of the scientific and practical task which concerns grounding the basic regularities of performing monitoring in the sphere of education and elaborating proposals based upon these principles on enhancement of monitoring bodies functions that rest on building up of a new mechanism of financial monitoring in the system of education and government regulation. In the theoretical part of research the author analyzes approaches to defining the notions of “monitoring”, “financial monitoring”, “government financial monitoring” as outlined in the academic works of the national and foreign scholars and as stipulated by the legislation. The author’s understanding of the financial monitoring in the system of education is suggested here on the basis of the analyzed scientific materials. The current state of exercising financial monitoring in the system of education has been analyzed in the paper, assessment of the financial resources usage be the educational establishments of Ukraine has been made, regulatory impact of the financial monitoring bodies upon the economic situation in the sphere of education has been analyzed. Proposals on enhancement of the financial monitoring in the system of education in Ukraine have been made. Directions of governmental financial monitoring in the system of education have been suggested. The functioning of the financial monitoring structure in the system of education has been grounded. Capabilities to improve exercising of financial monitoring in the system of education by way of implementing efficiency audit have been examined. The author of the dissertation claims that the state should improve financial monitoring in the system of education on the basis of organizational, legislative, methodological, information and staff provisions. Organizational direction has to provide for forming up of a single institution within the framework of the Ministry of Education and Science being its own Service of internal monitoring and audit. Legislative direction provides for drafting and adoption of the Law “On financial monitoring in the system of education of Ukraine”. Methodological provisions has to be implemented at the level of the Cabinet of Ministers by way of translation into action new methods of exercising monitoring functions in the system of education. The author suggests that it is necessary to set up a single information database and ensure creation of a contemporary information and communication infrastructure. It is grounded in the paper that it is necessary to elaborate new staff policy, ensure organization of processional training and development of the personnel, its stability in combination with its targeted renewal. With the aim of enhancement financial monitoring in the system of education it is necessary to build up efficient monitoring mechanism that would perform oversight over budget funds in educational institutions, based upon the system of vertical and horizontal interrelationships between the bodies that would exercise specific monitoring functions exclusively in the sphere of education. With the aim to enhance the results of exercising monitoring measures in the educational establishments the author of the paper suggests to set up the Service of internal audit and monitoring within the Ministry of Education and Science, as it is the principal budget owner in the sphere of education, and would exercise co-ordination of structural divisions under its control. Improvement of the financial monitoring mechanism structure in the system of education of Ukraine has to be implemented according to the following directions: functioning of a single body with its regional divisions, which would be responsible for financial monitoring in the sphere of education; implementation of the efficient internal monitoring with the educational institutions; coordination of monitoring bodies activities at all levels of financial monitoring; efficient cooperation of the monitoring bodies in the system of education with other bodies which exercise financial monitoring on the usual terms; state regulation of the monitoring bodies in the system of education based on organizational, legislative, methodological, information and staff directions; proper execution by the monitoring bodies of their functions in the context of aims and tasks outlined in accordance with the specifics of the sphere of education. Key words: financial monitoring, regulatory means, the system of education, educational establishments, state regulation, efficiency audit.