Village Government’s Risk Management and Village Fund Administration in Indonesia

This study examines the application of risk management in managing village funds, motivated by the village government’s efforts to improve financial management. This research focuses on activities involved in village fund management, including planning, budgeting, administration, reporting, accounta...

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Bibliographic Details
Published in:Sustainability 2023-12, Vol.15 (24), p.16706
Main Authors: Ginting, Arwanto Harimas, Widianingsih, Ida, Mulyawan, Rahman, Nurasa, Heru
Format: Article
Language:English
Subjects:
Accountability
Community
Efficiency
Emergency preparedness
Empowerment
Financial management
Innovations
Portfolio management
Prevention
Public sector
Risk management
Rural areas
Transparency
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Summary:This study examines the application of risk management in managing village funds, motivated by the village government’s efforts to improve financial management. This research focuses on activities involved in village fund management, including planning, budgeting, administration, reporting, accountability, and supervision. This study analyzes how village governments carry out risk management by considering efficiencies, innovation in public resource management, and anticipating and prioritizing potential threats and opportunities. Data collection involved participant observation, interviews, and analysis of written documents, images, and archives. The result shows that risk management is essential for the management of village funds, and avoiding mistakes in rural communities should be part of their planning and participation. This study highlights the importance of adequate human resources, both in regard to quantity and quality, but it is necessary to pay attention to local strengths by utilizing the nature of cooperation and family skills. Overall, the study emphasizes the need to prioritize risk management in managing village funds to encourage accountability and the efficient use of resources.
ISSN:2071-1050
2071-1050
DOI:10.3390/su152416706