Research On The Execution Performance Of Special Fiscal Funds For Central Universities

Public financial allocation from the central and local governments is the most important economic income of colleges and universities in China,and the financial special funds can account for 50% of the financial revenue of colleges and universities on average.Effective implementation and proper management of special financial funds in Colleges and universities play an important role in the realization of their public functions.According to the deployment and requirements of the National Outline for Medium-and Longterm Education Reform and Development(2010-2020),especially in the context of the huge and growing amount of public finance funds for special education in China,the research on the efficiency of the implementation of special financial funds in Colleges and universities can effectively promote the standardization of fund management,enhance the efficiency of implementation,enhance the output of teaching and research,and help the government to improve the efficiency of the implementation of special financial funds in Colleges and universities.It is of great practical significance and application value for the school to supervise and evaluate,adjust the policy of special financial allocation in time and optimize the allocation of resources.Based on data envelopment analysis model,the principal-agent theory and stakeholder theory,a theoretical framework is constructed by applying literature research,quantitative and qualitative research methods.Taking the evaluation of the implementation efficiency of financial special funds of 63 universities directly under the Ministry of Education as an example,through data envelopment analysis,case analysis and other methods,the problems has been identified it existing in the implementation and management process and the disadvantages exposed in the implementation of relevant supporting policies.Among them,the evaluation index system refers to the fourth subject evaluation system of the Ministry of Education,the overall plan of "doublefirst-class" construction and the use and orientation of six types of special financial funds.It follows the principles of objectivity,scientificity and operability,and the data mainly comes from the open information of colleges and universities.In this paper,CCR and BCC models are synthetically used to calculate and analyze the performance benefit evaluation of financial special funds of 63 universities directly under the Ministry of Education from the perspective of output.Then select typical colleges and universities,analyze the process of financial special management in Colleges and universities,and analyze the specific problems in the implementation of special projects.The result of Data Envelopment Analysis(DEA)finds that the effectiveness of the implementation of the special financial funds of Central Universities from 2015 to 2017 is low.More than half of the evaluated universities are in a state of technical inefficiency and scale inefficiency,and most of the evaluated universities are in a state of comprehensive inefficiency.Except for some DEA effective decision-making units,the investment of other universities shows the state of diminishing returns to scale.The main reason lies in the lack of decision-making and management ability of colleges and universities,or the inappropriate investment scale in financial expenditure and scientific research expenditure,or the inadequate human resources and unreasonable enrollment lead to the inadequate output scale.The case study of S University shows that although it can use the special financial funds for the school’s career development and key construction projects,there are some problems in the process of fund execution,such as the lagging of the execution schedule of assessment time points,unreasonable internal management mechanism,and some policies do not conform to the law of fund execution in colleges and universities.Based on the above analysis,this paper puts forward three suggestions,one is to optimize the special input-output mode based on scale efficiency,introduce performance budget management and improve fund supervision mechanism;the other is to optimize the internal management level of colleges and Universities Based on technical efficiency,promote dynamic feedback of special implementation,strengthen the construction of special financial system,standardize financial project declaration procedures,and improve special coordination.Management mechanism,strengthening supervision and performance management;Third,based on the practice of colleges and universities,the relevant policies of financial special projects should be optimized,including optimizing the way of centralized treasury payment,timely allocation of relevant funds,increasing the scope of special funds that can be used as a whole,and expanding the autonomy of colleges and universities.