The financial management at Universitas Muhammadiyah Surakarta, from budget planning, budget management, to accountability for budget use, is carried out through a very accountable and transparent mechanism.
The accountability and transparency of budget planning, management, and accountability are indicated by the existence of the following aspects:
- The involvement of University Leaders in coordinating and directing the development programs for faculties/study programs/units that are in line with the university’s vision and mission,
- The involvement of lecturers and staff in the discussion of the planning of development programs of faculty/study programs/units,
- The standardization of budget and tariff ceilings,
- The review of activities and budget negotiation by the reviewer team,
- The cash management system in the budget disbursement process,
- The online and physical budget usage reports,
- The audit of activities by the Quality Assurance Agency, and
- The financial audit by the Bureau of Internal Auditor, and the Financial Supervisory and Supervisory Agency (LPPK) of PP Muhammadiyah.
To ensure the accountability of budget use, apart from going through financial reports examined by the Bureau of Finance, the Bureau of Internal Auditor conducts a financial audit every year. The LPPK of PP Muhammadiyah also conducts periodic financial audits.