Subject The article discusses the issue of founders' financial regulation as the most important form of interaction between the executive authorities and State-financed entities in the sphere of housing and communal services of the City of Moscow. Objectives The aim of the study is to develop scientific and practical provisions on improving the financial interaction of housing and utility sector's budgetary establishments and their shareholders, as well as enhancing the effectiveness of the establishments' budgetary funds to provide public services. Methods For the study, I used methods of analysis, comparison, specification, and the standard cost method. Results I systematized the areas of financial interaction between State-financed entities and their founders. I identified specific factors affecting the financing of State-financed entities in the area of housing, and the peculiarities of using the budgetary funds that affect the entities' financial stability. As well, I developed economic standards in financial reservation for the use in the entities' practice, and I propose basic ways of founders' financial regulation. Conclusions and Relevance Development and improvement of the areas of financial regulation contribute to shareholders' effective control over the budget funds, provide budget savings, and form a system of motivation and incentives for the institutions to manage public finances. Certain laws do limit the founder's intervention in the financial activities of State-financed entities, so some control measures can be implemented on the basis of agreements and, accordingly, be local in nature.
Keywords: housing and community complex, financial regulation, public assignment, budgetary institution, budget expenditures, effectiveness
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