Evaluation of the Village Asset Management Process in Sinisir Village Modoinding Subdistrict, South Minahasa Regency

Figure Ilustration AI

FORMOSA NEWS - Manado - Village Asset Management in Sinisir Found Participatory but Lacking Legal Certainty for Land Assets. Village asset management in Sinisir Village, Modoinding Subdistrict, South Minahasa Regency, has been implemented in a participatory and accountable manner, but legal documentation for several assets especially village land remains incomplete. The findings were reported by Keisha Praise Mamahit, Jessy D. L. Warongan, and Fanda D. P. Rundengan from Sam Ratulangi University in a study published in 2026 in the Formosa Journal of Applied Sciences. Conducted in September 2025, the research evaluates procurement, administration, and reporting of village assets under Indonesia’s Minister of Home Affairs Regulation No. 3 of 2024. The findings matter because asset governance directly influences transparency, public service delivery, and local economic development at the village level.

Study Approach and Data Collection
The research used a qualitative case study approach to examine how Sinisir Village manages its assets. Data were gathered through interviews with village officials and community stakeholders, direct observations of assets and their use, and documentation review, including administrative records and regulatory guidelines. The researchers analyzed the data inductively, identifying patterns in procurement, administrative recording, and reporting practices.

The evaluation focused on three core stages of village asset management:

• Procurement and planning.
• Administration and inventory management.
• Reporting and accountability.

This framework aligns with the Minister of Home Affairs Regulation No. 3 of 2024, which requires transparent, accountable, and legally documented asset governance.

Participatory Procurement Strengthens Transparency
The study found that procurement of village assets in Sinisir Village is conducted through participatory village deliberations. These meetings involve village officials, community leaders, youth representatives, and local stakeholders. Priority needs are identified collectively and translated into the Village Government Work Plan and Village Budget.

Assets procured through this process include:

• Road construction and repairs.
• Clean water infrastructure such as bore wells.
• Public service facilities including village ambulances.
• Community support equipment and public utilities.

This participatory planning model ensures that assets reflect community priorities and promotes transparency in decision-making. The researchers noted that each procurement activity is documented and reported as part of village governance accountability. Some assets are also utilized to generate village income. For example, chairs and equipment are rented through the village-owned enterprise, while village land is temporarily allocated to low-income residents. However, several land assets used for community purposes have not yet been formally certified under village ownership, creating legal vulnerabilities.

Administrative Records Exist but Need Improvement

Administrative management of village assets in Sinisir Village has been implemented using the Village Asset Inventory Book. Assets are recorded by type, location, and acquisition source. Physical security measures include storing unused equipment in the village office and assigning responsibility for assets in operational use, such as ambulances and water facilities. Maintenance is carried out routinely, with repair costs funded by the village budget and supported by receipts and documentation. Asset disposal is conducted through village deliberations when items are no longer usable. Disposed assets remain recorded in administrative records and are not sold or transferred without formal procedures.

Despite these practices, the study identified gaps in inventory completeness. Some assets lack critical information, including:

• Acquisition year.
• Current condition.
• Valuation data.
• Legal ownership status.

Incomplete records can reduce transparency and complicate monitoring, planning, and reporting. Strengthening documentation was identified as a priority for improving governance quality.

Implications for Village Governance
The findings demonstrate that participatory planning alone is not sufficient without strong administrative and legal foundations. Weak documentation and incomplete legal status may lead to:

• Reduced transparency in asset management.
• Limited economic utilization of assets.
• Increased risk of ownership disputes.
• Less accurate financial reporting.

Conversely, strengthening asset governance could transform village assets into drivers of local economic development. Digital inventory systems, standardized reporting formats, and capacity-building programs can improve efficiency and accountability. The researchers noted that adopting information technology for asset management would reduce manual errors and improve monitoring. Integrated digital systems could also link asset data with village financial reporting.

Author Profiles
Keisha Praise Mamahit, S.Ak., is a researcher in public sector accounting at Sam Ratulangi University. Her expertise focuses on village financial governance and public asset management.
Jessy D. L. Warongan, S.E., M.Si., is a lecturer at Sam Ratulangi University specializing in government accounting and regional financial accountability.

Fanda D. P. Rundengan, S.E., M.Ak., is an academic at Sam Ratulangi University whose research focuses on public sector accounting and village governance systems.

Source
Mamahit, Keisha Praise; Warongan, Jessy D. L.; Rundengan, Fanda D. P. (2026). “Evaluation of the Village Asset Management Process in Sinisir Village Modoinding Subdistrict, South Minahasa Regency.” Formosa Journal of Applied Sciences (FJAS), Vol. 5 No. 2, Hal. 649–662.
DOI: https://doi.org/10.55927/fjas.v5i2.18
URL: https://journalfjas.my.id/index.php/fjas