Financial Performance Analysis Using the Value for Money Method in Holding the Ranking 1 Competition at the Polbeng Business Expo

Abstract

This study aims to analyze the financial performance of the Ranking 1 Competition at the Polbeng Business Expo using the Value for Money (VFM) method, which includes economic, efficiency, and effectiveness aspects. This study uses a qualitative descriptive approach, with primary data from budget realization reports for the Ranking 1 Competition activities in 2024 and 2025. Data collection is conducted through documentation, while data analysis involves calculating economic, efficiency, and effectiveness ratios based on the Value for Money concept. The results of the study show that in 2024, the economic level is 99,05% which is classified as economical, the efficiency level is 99,05% which is classified as less efficient, and the effectiveness level is 100% which is classified as effective. Meanwhile, in 2025, the economic level is 71,12% which is classified as less economical, the efficiency level is 52,55% which is classified as very efficient, and the effectiveness level is 73,50% which is classified as less effective. This finding shows that the financial management of activities is not yet fully aligned with the Value for Money concept, so an evaluation is needed in budget planning and setting revenue targets to improve the financial performance of activities.