In the modern economic conditions, the housing and communal sector is the most problematic as the executive authorities’ opinion and Russian population opinion. The reform aims are deprivatization of objects the industry, transfer it in temporary managed by private business. In such conditions, there is a need for a new or upgrade existing mechanism of management of sector housing and communal services economic entities. One of the elements of innovation management mechanism is controlling. The definitions of this category madу by Russian and foreign scientists are considered in the article. The author have been summarizes the theoretical principles, practical experience. The model of housing and communal services financial controlling is designed. It contains the following elements: goals, objectives, subjects, object, function, types. Each element was described in detail and classified by type. In addition, the external and internal factors affecting the construction of controlling system in economic entities of the industry of housing and communal services are designated and marked. The advantages of introducing a system of controlling the activities of organizations in the utilities are described. The authors have identified and described in detail the difficulties of controlling introduction in the economic agents of industries management system