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Introduction. Changing the paradigm of HEIs, approaches to funding, increasing the financial autonomy of universities, the competitive environment, the formation of strategic directions of development raise the issue of ensuring the sustainability of universities. In the context of reducing budget funding, reducing the number of students there is a problem of sustainable development of HEIs, which requires clarification of the concept of «stability» and «financial stability of university».Purpose is to stability theoretical approaches and to form a holistic system of theoretical provisions for the concepts of «stability», «financial stability of university», definition of criteria and types of financial stability.Methodology. The dialectical method of cognition of discussion approaches of the concept «stability», «financial stability», the analytical method for revealing signs of stability is applied; synthesis method for substantiating the integrity of the studied concepts; system method for systematization of approaches to concepts, definition of classification features. The main results of the study. Approaches to the concept of «stability» are systematized, the concept of «stability of HEIs» is proposed considering two levels - general and individual, the main features of the stability of free economic zones are identified, the relationship. Theoretical approaches to the concept of «financial stability of university» are studied, the author’s approach to this concept is offered, the classification features and types of financial stability of the university are generalized.Conclusions and prospects for further exploration. The result of scientific research is the formation of a holistic view of the categorical apparatus «stability», «financial stability of university», determining the relationship of these concepts, criteria and classification criteria for the division into species. Further research should focus on the development and systematization of methodological tools for assessing the financial stability of universities and the determinants of their measurement.

ГРОШІ, ФІНАНСИ І КРЕДИТ other sources are insignificant. The financial stability of local budgets of Vinnytsia region and Ukraine was assessed by the coefficient method of analysis, which revealed that the level of financial stability of local budgets of Ukraine is higher in almost all indicators, indicating incomplete use of reserve potential of local budgets of Vinnytsia region and growth of their financial capacity. The article presents an algorithm for constructing a mechanism for modeling the influence of factors and determining the forecast indicators of financial stability. Correlation-regression analysis was performed, a multifactor regression equation was constructed, where local budget revenues excluding transfers were chosen as a resultant indicator. The correlation coefficients were evaluated in relation to the density of the relationship between the factors and the performance indicator, and the most influential ones were selected. The adequacy of the model is assessed. The schedule of linear forecast and forecast according to the equation of multifactor regression of local budgets of Vinnytsia region is constructed, which confirmed the relevance of calculations.

Abstract. The article synthesizes methodological approaches to assessing the financial stability of universities, identifies ambiguity in the choice of evaluation indicators. Approaches to understanding and assessing financial stability are identified: strategic, according to which financial stability is achieved through the ability of universities to diversify revenues, expand their own sources of funding, optimize costs, reduce dependence on public funding by making flexible financial decisions; current, which characterizes the ability of universities to balance revenues and expenditures, maintain a sufficient level of solvency and create a positive current financial space. Conceptual tools of financial stability of universities based on an integrated approach are formulated. The peculiarities of the influence of the sectoral aspect of the university activity and the corresponding potential of income formation on its financial stability are investigated. The results of the study are based on a sectoral approach to the distribution of universities (classical, technical, and economic), due to the specifics of contingent formation in relevant specialties, public financing priorities, their competitiveness in the market of educational services, the ability of universities to diversify and expand their funding. The assessment of financial stability is carried out in terms of the income approach, the ability of universities to generate income, cover costs and create a positive financial space. Technical and classical universities have the highest share of public funding due to priority specialties according to the government policy. Today the tuition fee at Ukrainian universities is much lower compared to public funding, so the growing share of fee-paying students does not have a positive effect on the financial stability of universities. According to the results of the analysis, it was found that the net financial results of universities do not depend on the sectoral and regional affiliation, status, size of the university. However, the ability to make effective financial decisions within the autonomy of universities, balance income and expenditure, form a sound financial structure, find additional sources of income to meet current and strategic financial obligations of the university are the preconditions for financial stability of universities. Keywords: income, financial stability, university, high education institutions, financial results. JEL Classification I21, I22 Formulas: 0; fig.: 5; tabl.: 0; bibl.: 28.

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