Financial Performance of Villages in Jambi Province: An Evaluation of Village Fund Realization and Efficiency in 2022

Abstract

Village Financial, according to Law No. 6 of 2014, are all rights and obligations of the village that can be valued in money as well as all kinds of things related to the implementation of the rights and duties of the village.and village obligations, which include the rights to the land and the natural resources above it, are managed by the village for the common good. Evaluating the financial performance of the village is crucial to understand the extent of the realization and efficiency of the use of village funds. This study aims to evaluate the realization and efficiency of village funds in Jambi Province in 2022. The method used in this research is quantitative analysis with a descriptive approach. The data used in this study comes from the financial reports of villages in Jambi Province. The results of the study indicate that the Pearson Correlation Coefficient (r), which is the analysis of the relationship between Village Fund Allocation in Districts and Cities in Jambi Province with the Total Realization of Infrastructure and Non-Infrastructure Facilities in villages in Districts and Cities in Jambi Province, has a correlation above 0.90.

Keywords: Effectiveness, Efficiency, Village Fund Realization.

DOI: 10.7176/RJFA/15-4-03

Publication date: April 30^th 2024