The diploma thesis analyses financial situation of municipalities of the microregion Hustopečsko in 2017. The main aim of this thesis is to specify the differences in financing of selected municipalities and their subsequent comparison within the sub-size groups. By analyzing the revenues and expenditures of the budgets of these municipalities, it was possible to obtain an overview of their management, while almost all municipalities showed a surplus of the budget and were able to meet their obligations. Based on monitoring indicators of the Ministry of Finance of the Czech Republic and cluster analysis, it was possible to divide these municipalities into three size groups. Furthermore, it was discovered that even though the municipalities has a positive budget balance, especially municipalities with an average lower number of inhabitants are at all or at least indebted and have lower investment activity. As part of this, it was especially recommended for these smaller municipalities to invest more into the development of their municipality, or to participate in more demanding investment projects with municipalities in their immediate vicinity.