Performance Evaluation Of University Special Finance Funds Based On Balanced Score Card:

With China's higher educational financial investment comes to the post 4%era,both our country and the universities are facing the demand for higher education level and the decrease of capital investment.Therefore,the performance appraisal of financial special fund investment,the optimization of management model for special funds,and the improvement of the utilization efficiency of funds have become research hotspots of scholars and practical issues that relevant personnel in colleges and universities pay more attention to.Current theoretical researches mostly elaborate the performance evaluation of universities or proposes measures for reducing the scale of financial special balances,but rarely combine the two of them.In actual management,financial department pays more attention to the progress of funds and the scale of balances for the evaluation of financial special funds in colleges and universities,and less to examining the effectiveness of the use of funds.Therefore,this paper attempts to construct a logical performance evaluation index system,explore the impact of the use of financial special funds and the scale of the balance on the implementation of the overall objectives of university,and prove the usefulness of performance evaluation in the special financial management of colleges and universities.Based on the research of scholars domestic and overseas,this paper uses literature research method,induction analysis method,case analysis method,comprehensive evaluation method and mathematical statistics method to conduct the following research.First,it summarizes the theoretical basis for evaluating the performance of university financial special funds.As "quasi-public goods",the investment and use of funds of colleges and universities cannot be entirely determined by the market,but by the government.This paper elaborates from three aspects,"Resource Allocation Theory","New Public Management Theory" and "Principal Agency Theory "that university financial special funds need performance evaluation to meet the government's management needs.In addition,it elaborates on the necessity of evaluating the performance of financial special funds for the development and construction of colleges and universities using "Internal Control Theory" and "Theory of Sustainable Development".Second,it studies the representative performance evaluation models domestic and overseas.The background of the appearance of performance evaluation in Western universities is similar to China's education entering in the post 4%era.By studying the development process and application results of performance evaluation of Western universities,and China's main evaluation system,this paper summarizes the aspects of the experience of performance evaluation in Western universities that worth learning,we should establish a performance evaluation mechanism that is led by the government,evaluated by independent agencies,and actively participated in by colleges and universities.The design of its indicator system should be fully guided by the realization of the objectives of running a university,and combine the final evaluation results with financial allocation.Third,it uses equilibrium product scorecard and analytic hierarchy process to build a performance evaluation index system.After summarizing the general principles of the design of the financial special fund performance evaluation system and the specific principles of the indicators selection,the overall model of index system construction and specific statistical methods,this paper selects the Balanced Scorecard and the AHP to construct the performance evaluation index system.Fourth,it uses the performance evaluation system to analyze the construction and the use of financial special funds of F University.Through the analysis,it is found that good financial management of financial special funds has a positive impact on the overall construction of colleges and universities.The scale of financial special fund balance does not affect the construction of colleges and universities.Full consideration should be given to the reasons for the balance of funds in colleges and universities,and targeted improvements should be made rather than urging to use them.For the specific situation of F University,two special management models are proposed to better manage special funds.