Security of economic activity of territorial-administrative unit in Slovakia – municipality as a subject of safe financial operations

The article deals with the issue of important elements of security and legitimacy of economic operations in the basic units of a Slovak municipality – in a village, district or city. Theoretically, it processes the current status of local government with its economic activity, while analyzing those tools related to economic processes, which have the task of ensuring safe, legitimate, but also efficient, effective or purposeful spending of funds for public administration. Among the most important attributes of economic security, we include the institute of the chief controller, the principles of budget creation and the introduction of European accounting standards in financial transactions of public administration.