Effective Fund Management Research Articles

Village Financial Management in Accordance with Minister of Home Affairs Regulation No. 20 of 2018

General background effective village financial management is crucial in Indonesia, especially in light of increasing government regulations aimed at improving transparency and accountability. Specific background this study focuses on the implementation of Minister of Home Affairs Regulation No. 20 of 2018, which outlines mandatory processes for village financial management. Knowledge gap despite the existence of this regulation, there is a lack of comprehensive understanding regarding its practical application across different villages. Aims this research to investigate the planning, implementation, administration, reporting, and accountability of village funds in accordance with the regulation. Results findings reveal that the village's financial management processes comply with the regulation, demonstrating adherence to the required stages of management. Novelty the study provides a unique contribution by offering an in-depth analysis of village fund management within the context of regulatory compliance, highlighting both challenges and best practices. Implications the results emphasize the need for continued training and resources for village officials to ensure adherence to regulations and improve the effectiveness of village financial management systems. Highlights: Compliance with Minister of Home Affairs Regulation No. 20 of 2018 is essential for effective fund management. Involvement of the community in the planning process fosters transparency and accountability. Comprehensive training for village officials is necessary to enhance financial management practices. Keywords: Finance, Village, Participation, Planning, Transparency

Accountability of Village Fund Management with the Village Financial System Application

The general background village fund management has become an essential aspect of local governance, ensuring transparency and accountability in rural development. Specific background the use of accounting systems in village fund management is regulated by government policies, including the application of financial system software to streamline reporting and accountability processes. Knowledge gap however, there is limited research that evaluates the effectiveness of these systems at the village level, particularly in terms of their transparency and participatory mechanisms. Aims this research aims to analyze the implementation of the accounting system in village fund management, focusing on its transparency, accountability, and public participation. Results the findings reveal that the village fund management in Ngampelsari Village is conducted transparently, with clear accountability from the planning stage to reporting and evaluation. Novelty this research provides new insights into how the adoption of the Siskeudes application enhances the transparency and accountability of village fund management, which has not been extensively explored in previous studies. Implications the results suggest that the village government should continue updating and refining the system to maintain public trust and ensure effective fund management, while future research should expand the scope to include multiple villages for comparative analysis. Highlights: Transparent accounting improves village fund management efficiency. The Siskeudes application enhances financial reporting accuracy. Public participation is vital for accountable village governance. Keywords: Governance, Management, Transparency, Accountability, Siskeudes

Education Financing Planning Strategy at Yppk Santo Petrus Ayawasi Elementary School

This research aims to identify and formulate effective education financing planning strategies at YPPK Santo Petrus Ayawasi Elementary School through a literature review. The findings were obtained from analysis of relevant literature, which includes identification of financing needs, sources of financing, and management and use of education funds. From the results of the analysis, it was found that SD YPPK Santo Petrus Ayawasi needed infrastructure improvements, development of teaching staff, and extracurricular programs as priorities in planning education financing. Diversification of funding sources from the government, community and private sector is needed to increase school financial stability. Effective fund management through performance-based budgeting, transparency, and the use of information technology are also keys to a successful education financing planning strategy. Based on these findings, the recommendations given to SD YPPK Santo Petrus Ayawasi include conducting routine needs analysis, increasing diversification of funding sources, implementing a school management information system (SIMS), and strengthening transparency and accountability in fund management. It is hoped that these strategies can help schools optimize education financing planning and improve the quality of education provided to students.

Principals’ Fund Management Strategies and School Administrative Effectiveness

A lack of prudence and mismanagement of school funds by the principals could give rise to poor student performance since it might slow down the acquisition of essential materials for teaching and learning. This study analyzes the relationship between principals’ fund management strategies and school administrative effectiveness. It assessed principals' budgetary practices, the perceived level of administrative effectiveness, and the relationship between fund management on secondary schools' effectiveness. Two research questions and one hypothesis were generated for the study. The research design was the descriptive survey type. The population of the study comprised all the one hundred and thirty-two (132) secondary schools. The total number of respondents included forty (40) principals representing 30% of the population, who were selected using the stratified random sampling technique. A self-designed questionnaire titled "Principals’ Fund Management Strategies and School Administrative Effectiveness in Secondary Schools Questionnaire (PFMSSAEQ)" was used for data collection, and Pearson's Product Moment Correlation Coefficient (r) yielded a reliability coefficient of 0.76. The results showed that principals kept accurate records of expenditure, had an average level of effectiveness, and had a significant influence on fund management in secondary schools. It was recommended that principals be strictly monitored by the Ministry of Education to ensure that they continue to maintain accurate record-keeping because of its role in effective fund management in secondary schools.

Penerapan K-Medoids Clustering Dan Silhouette Method Untuk Strategi Pemasaran Program Donasi Pada Lembaga Amil Zakat

Donation data management is a complex challenge for amil zakat institutions in designing an effective marketing strategy for fundraising programs. In this study, the k-medoids algorithm was used to cluster the donation data with the aim of identifying patterns and characteristics of donors. The k-medoids algorithm was chosen because of its ability to handle unusual data and non-numeric attributes. Through clustering analysis, this study classifies donors based on attributes such as the number of donations, the frequency of donations, and the time interval for donating. And in determining the number of clusters in this study using the silhouette method to measure the quality of the resulting clustering. And getting the most optimal number of clusters is k = 3 with a silhouette score of 0.598782. The results of the study found that groups of donors had similar characteristics, such as donors who made high donations with regular frequency and donors who focused on donations for specific purposes. These findings can be used by charitable organizations in developing more effective fund management, marketing and targeting strategies

SOURCES AND APPLICATIONS OF FUNDS IN INDIAN URBAN COOPERATIVE BANKS

The success or the failure of a financial institution mainly depends on the way they effectively collect the funds and efficiently manage those funds in turn to get return. The effective fund management is something like our heart manage the blood circulation throughout the body and have control over the functions. This study examines the sources and applications of funds by cooperative urban banks in India overall. Banks’s performance is measured by the way they raise the funds and how do they manage that fund to increase the efficiency of Bank. Efficiency of bank in financial operations decides their survival level and the long-term objectives of the bank. For the cooperative urban banks, the efficiency of financial operations in their business is interlinked with efficient management of funds which is reflected through the financial margin and is the ultimate financial gain available to them, which are influenced by owned funds to working funds, low-cost deposits to total deposits and balanced credit to deposit ratio. Generally, the Urban cooperative banks works on the principles of cooperation, self-help and mutual help, and even these banks are organized well in terms of their fund management and other financial operations.

Enhancing Community Welfare: Analysis of Village Fund Management in the Socio-Economic Sector

The research investigates the impact of Village Fund management on community welfare within the socio-economic sector. The study aims to assess how effective utilization of the Village Fund influences socio-economic indicators within rural communities. Employing a mixed-method approach, data was collected through surveys, interviews, and document reviews to comprehend the relationship between fund management and community well-being. Findings revealed a positive correlation between transparent and equitable fund allocation and improvements in household income, infrastructure development, education, and healthcare services. However, challenges in transparency, disparities in fund allocation, and capacity limitations were identified, suggesting opportunities for improvement. The implications suggest that well-managed funds have the potential to uplift living standards and foster sustainable community development. Recommendations include policies for transparent allocation, capacity-building programs, and community involvement to optimize fund management and enhance community welfare. This research presents critical insights and avenues for future exploration, emphasizing the vital role of effective fund management in driving socio-economic development and promoting community welfare within rural areas.

Distribution Strategies Analysis Using AHP and TOPSIS: A Distribution Company Case’s Study in Special Region of Yogyakarta, Indonesia

The selection of distribution strategy is important for the company in order for the product to be delivered to the customer in time and according to the required quality and quantity. This research aims to analyze and determine the company's distribution strategy using the AHP and TOPSIS methods. The results of the calculations with AHP indicate that the distributor reliability is seen from the history and experience (0268), effective fund management (0159), and the financial structure of the distributor (0147) are three criteria with the weight of interest highest. The geographical strategy is a strategy that has the highest value so it is recommended to be the main strategy of the company in distributing products to customers.

Internal control system as a mechanism for effective fund management of universities in Bayelsa State, Nigeria

The study examined the internal control system as a tool for effective fund management of universities in Bayelsa State, Nigeria. Due to the dwindling revenue allocation from the Federation account couple with the economic recession which gave birth to the inadequate funding of the universities by federal and state government which has led to strikes by teaching and non-teaching staff, dearth of equipment, facilities, dilapidated structures and indiscipline among staff and students which has prompt us to choose the topic: Internal control system as a mechanism for effective fund management of universities in Bayelsa State. To this end, the paper addressed the following areas which include; funds and sources of funds, challenges of school funds, and the rationale for funds management. The paper analysed the effect of internal control system on effective fund management in Bayelsa State Universities and proffers some remedies in tackling the menace of poor fund management as follows; introduction of internal auditing approaches to manage financial resources in universities for proper maintenance of school properties, adequate provision of infrastructural facilities, and proper management of school funds in order to achieve the aim and objectives of establishing such institutions. The researchers also recommended the monitoring of the laid down internal control procedures and safe keeping of all financial records/reports and yearly publication of same (financial reports).Keywords: Education, Management, Funds, Resources, Challenges, and Internal Control System

PROPOSING AWQAF ALTERNATIVE PLAN (AAP): THE WAY FORWARD & SUSTAINABLE HIGHER EDUCATION FINANCIAL SYSTEM

The future direction of the public university is to self-sustained due to the inconsistency of the national economic growth. For example, reduced in the national income has forced the Malaysian government to cut the allocation of funds to various ministries’ in 2016 compared to 2015 budget. The consequences of this phenomenon the government has reduced the allocation of budget to Ministry of Higher Education, which is cut by RM2.4 billion, from RM15.78 billion in 2015 compared to RM13.37 billion in 2016. This scenario has imposed various challenges to many public universities’ management to manage university expenses and explore new avenue to generate income. There are various ways to generate income and we find most of the tertiary education in Malaysia is not able to practice effective management especially in managing the cost of organizing a program. For example, food and beverages (F&B) spend by the university during events are not effective and most of the time is wasted. This argument is developed based on the observation and also supported by an informal interview with a vice-chancellor (VC) of one of the public university in Malaysia. The VC do agree that the university management needs to find a solution to overcome the issue of wastage due to the forecasted cost rather than an accurate cost to organize a university’s events. Therefore, we believe that the main issue faced the university’s management is to identify an exact number of participants and etc. Thus, the current practice is based on the forecasted estimation rather than accurate estimation. Therefore, to solve this problem, the present study aims to provide an opportunity to the tertiary education in Malaysia which able to estimate an accurate cost and at the same time able to create waqf fund using effective fund management approach by proposing awqaf alternative plan (AAP) model. The proposed model is expected to generate Waqf fund and eliminate wastage management practice.

Pengurusan Wakaf Pendidikan di Institusi Pengajian Tinggi Malaysia: Satu Sorotan Literatur

The article discusses the literature review, whether in the form of research, books, articles, etc. on the issue of the management, challenges and the way forward of waqf in higher education institutions in Malaysia.The study was conducted using qualitative methods by taking a literature study approach. There has been a lot of writing, throwing ideas and discussions were made by the experts, academician and governments on the issue. Waqf of education in Malaysia is seen growing with the establishment of waqf fund for education in several institutions such as the International Islamic University Malaysia (IIUM), Universiti Putra Malaysia (UPM), Universiti Kebangsaan Malaysia (UKM), Universiti Sains Islam Malaysia (USIM), Universiti Teknologi Malaysia (UTM) and many more. The literature review found that the development of waqf in higher education can be intensified by effective fund management, strong legislation, good governance, marketing efforts and identify appropriate waqf management model to be applied. A special guideline for the management is to be established and a waqf management model is designed to be used as a reference all the Heigher Education Institutions.Keywords: Endowments (waqf), education, management of waqf, institutions of higher education.

Community management structures to promote health.

This article describes key requirements of effective health service management that emerge from a review of Australian developments in the respective roles of government and the market. From a public interest perspective, community and industry ownership and management of funds appear superior to market-driven health management approaches. The clear separation of public interest-based policy and administrative functions is vital for effective fund management. Greater transparency, more community input to broadly planned service delivery, casemix funding systems and better outcome data are required to tap the potential benefits of this policy-led model. A pooled funding approach to service provision may assist regional communities achieve their health aims, and the service breadth and flexibility which appear to be necessary to support health and related regional goals.