Analysis of Public Sector Financial Performance With The Value For Money Approach In Bogor Regency
DOI:
https://doi.org/10.12928/jampe.v4i1.11566Keywords:
Financial Performance, Public Sector Organization, Value for MoneyAbstract
Financial performance is essential to ensure accountability and
efLiciency in public sector organizations, especially in government.
Public Sector Financial Performance requires assessment as a form of
evaluation, so that Linancial performance becomes more optimal. The
process of regional Linancial management consists of three stages:
planning, implementation, and accountability, according to Minister
of Home Affairs Regulation Number 13 of 2006 Concerning Regional
Finavfc ncial Management Guidelines. The Financial Performance of
the Bogor Regency Government in this study uses the Value for Money
(VfM) approach with 3 (three) main factors, namely: Economic,
EfLiciency, and Effectiveness of the 2014-2023 Fiscal Year. The Linancial
reports produced have been in accordance with government
accounting standards agreed upon by all parties involved, therefore
used as a guideline to produce fair, clear, and complete Linancial reports
to ensure transparency. The budget implementation report is a
Linancial report that describes the future budget and budget allocation
managed by the government during the reporting period. The Linancial
performance of the Bogor Regency public sector is economical, with an
average of 100.58%. However, efLiciency is still a concern, with an
average of 99.21%, which needs more attention. The results of this
analysis can be used as evaluation material for the Bogor Regency
Government so that its public sector Linancial performance is more
efLicient, so that the Bogor Regency Government can improve the
quality of service to the community to be more optimal.
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