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> News > USU Strengthens Financial Transparency through Publicly Accessible Reports

USU Strengthens Financial Transparency through Publicly Accessible Reports

Published At

11 November 2024

Published By

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This transparency framework strengthens stakeholder confidence — among students, staff, government bodies, and the public — and demonstrates USU’s commitment to Good University Governance (GUG). It also ensures that the management of public resources remains efficient, equitable, and aligned with the values of honesty and professionalism.

Medan, 2024 — Universitas Sumatera Utara (USU), as a State University with Legal Entity (Perguruan Tinggi Negeri Badan Hukum / PTN‑BH) under Government Regulation No. 16 of 2014, manages its academic, organisational, and financial affairs with a high degree of autonomy. At the same time, the university is firmly committed to public accountability and Good University Governance, especially in how it manages and reports its finances.

To make this commitment visible and verifiable, USU publishes its key financial documents openly and makes them accessible to anyone through its Public Information and Documentation Service (PPID) at: https://ppid.usu.ac.id/id/laporan-keuangan.

This portal serves as a single access point for financial statements, performance reports, and other accountability documents that show how public resources are managed and used to support education, research, and community service.

Open and verifiable financial publications

As a PTN‑BH, USU is required to present clear, audited, and traceable financial information. Several core documents are published regularly:

  • Annual Financial Statements (Laporan Keuangan Tahunan PTN‑BH)
    These audited statements follow Public Sector Accounting Standards (SAP) and PTN‑BH reporting requirements issued by the Ministry of Education, Culture, Research and Technology and the Ministry of Finance. They describe in detail:

    • income from tuition fees, government support, research grants, and partnerships, and

    • expenditures for academic activities, operations, scholarships, infrastructure, and strategic projects.

  • Accountability and performance reports (LAKIP / performance‑based accountability report)
    In these documents, financial data is linked directly to programme outcomes. The reports explain how budgets are allocated to each strategic objective, how efficiently funds are used, and how far the university has progressed on key indicators in education, research, and community engagement.

  • Rector’s Annual Report
    This report brings together financial performance and academic achievements in one narrative. It allows the public to see how resources are translated into concrete results: new programmes, research outputs, innovation grants, facilities, and community‑service initiatives. Each year, this report is delivered publicly during USU’s Dies Natalis ceremony and the proceedings are broadcast via the official USU YouTube channel, allowing the wider public to follow the Rector’s explanation of how resources are managed and what has been achieved.

All of these reports are uploaded to USU’s official website and PPID portal so that students, staff, government agencies, partners, and the wider public can review them at any time

Multi‑layered oversight and auditing

USU’s financial transparency is supported by several oversight mechanisms:

  • The Board of Trustees (Majelis Wali Amanat / MWA) sets overall financial policy, approves annual budgets, and monitors whether resource allocation is consistent with the university’s strategic plan and public mission.

  • The Internal Audit Unit (Satuan Pengawasan Internal / SPI) carries out periodic internal audits to check compliance with regulations, identify risks, and recommend improvements in internal control and financial management.

  • External audits are conducted by the Supreme Audit Agency (Badan Pemeriksa Keuangan / BPK) or certified independent auditors, who examine USU’s financial statements and assess adherence to national public‑accountability standards.

This combination of internal and external oversight helps ensure that every rupiah is recorded properly, used for its intended purpose, and reported transparently.

Open access, public trust, and legal compliance

In line with Law No. 14 of 2008 on Public Information Disclosure, USU treats financial information as a public right. Faculties and university units also prepare summaries linking budget use to measurable outputs, so that stakeholders can see how funds support specific programmes and services.

By:

  • publishing audited financial statements,

  • linking finances to performance in accountability reports, and

  • opening data through the PPID and official website,

USU strengthens trust among students, parents, staff, government, and community partners. It also shows that autonomy as a PTN‑BH goes hand in hand with transparency, not secrecy.

Supporting SDG 16: Peace, Justice, and Strong Institutions

Through open financial reporting, regular audits, and a clear governance structure, Universitas Sumatera Utara contributes directly to SDG 16: Peace, Justice, and Strong Institutions.

USU’s approach demonstrates that a modern public university can be:

  • academically autonomous,

  • financially responsible, and

  • fully transparent to society.

By making its financial data accessible and understandable, USU sets a strong example for higher‑education institutions in Indonesia and shows that integrity and good governance are central to institutional excellence and sustainable development.

News SDGs 16

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