OBTAINING THE FAIR VALUE OF PELITA RAYA STREET BUNTOK SOUTH BARITO REGENCY

Nanang Sentot Harjanto; Ahmad Zaenal Wafik

doi:10.29303/e-jep.v5i2.86

Nanang Sentot Harjanto BPKAD Kab. Barito Selatan, Prov. Kalimantan Tengah
Ahmad Zaenal Wafik Universitas Mataram

DOI: https://doi.org/10.29303/e-jep.v5i2.86

Abstract

The assessment was set out to determine the fair value of Pelita Raya Street Buntok, South Barito Regency. This research is considered important due to the BPK's findings that revealed the weaknesses of the Internal Control System in the preparation of financial statements in which the recording and management of Fixed Assets have not been fully adequate. The assessment phase is divided into two assessments, the assessment of road components and the assessment of land under the road. The road component valuation uses a Cost Approach/DRC (Depreciated Replacement Cost) approach with a unit in place cost calculation method. Land under the road is assessed using the Market Data Comparison Method by using regression analysis (quality rating model). The analysis showed that the Fair Value of Pelita Raya Street was Rp24,816,825,000.00. The Fair Value of the road component is Rp15,196,584,000.00 and the Fair Value of land under the road is Rp9,620,241,000.00.

References

Anthony, Andrew dan Pitt, Michael. 2000. Asset Valuation Of Specialised Public Sector Listed Buildings By Depreciated Replacement Cost. Journal of Property Investment and Finance, Vol. 18 Iss 6. Pp. 627 – 636.

Anthony, Andrew dan Pitt, Michael. 2001. The Valuation Of The Site In Depreciated Replacement Cost And Contractors Basis Valuations. Property Management, Vol. 19 Iss 4. Pp. 298 – 307.

Appraisal Institute, 2013, The Appraisal of Real Estate, 14th Edition, Chicago Illionis.

Badan Pemeriksa Keuangan RI, 2018. Laporan Hasil Pemeriksaan atas LKPD Kabupaten Barito Selatan TA. 2017.

Connellan, Owen. 1997. Valuation of Specialized Public Sector Assets. Property Management, Vol. 15, Iss. 4. Pp. 215.

French, Nick; Gabrielli, Laura. 2007. Market Value and Depreciated Replacement Cost: Contradictory or Complementary?. Journal of Property Investment & Finance, Vol. 25, Iss. 5. Pp. 515-524.

Harjanto, Budi. 2014, Teori & Berbagai Model Aplikasi Penilai Massal, Cetakan Pertama, BPFE-Yogyakarta, Yogyakarta.

Hidayati, Wahyu, dan Harjanto, Budi. 2001, Konsep Dasar Penilaian Properti, edisi pertama , BPFE, Universitas Gadjah Mada, Yogyakarta.

Komite Penyusunan Standar Penilaian Indonesia. 2018. Kode Etik Penilai Indonesia dan Standar Penilaian Indonesia (KEPI & SPI) Tahun 2018.

Mamatzakis, E. C. 2008. Economic performance and public infrastructure: An application to Greek manufacturing. Bulletin of Economic Research, 60(3), 307–326. https://doi.org/10.1111/j.1467-8586.2008.00279.x

Palei, T. 2015. Assessing the Impact of Infrastructure on Economic Growth and Global Competitiveness. Procedia Economics and Finance, 23(15), 168–175. https://doi.org/10.1016/s2212-5671(15)00322-6

Prawoto, Agus, 2003, Teori dan Praktek Penilaian Properti, edisi pertama, BPFE, Universitas Gadjah Mada, Yogyakarta.

Sekretariat Daerah Kabupaten Barito Selatan. 2013. Keputusan Bupati Barito Selatan Nomor 538 Tahun 2013, Penetapan Status Ruas-Ruas Street Sebagai Street Kabupaten Barito Selatan.

Sekretariat Daerah Kabupaten Barito Selatan. 2018. Peraturan Bupati Nomor 22 Tahun 2018, Perubahan atas Peraturan Bupati Barito Selatan nomor 21 Tahun 2014 tentang Penerapan Kebijakan Akuntansi Pemerintah Kabupaten Barito Selatan Berbasis Akrual.

Sekretariat Negara Republik Indonesia. 2004. Undang-Undang Nomor 38 Tahun 2004, Street.

Sekretariat Negara Republik Indonesia. 2007. Peraturan Menteri Dalam Negeri Nomor 17 Tahun 2007, Pedoman Teknis Pengelolaan Barang Milik Daerah

Sekretariat Negara Republik Indonesia. 2014. Keputusan Direktorat Kekayaan Negara Nomor 128/KN/2014, Pedoman Teknis Penilaian Street.

Sekretariat Negara Republik Indonesia. 2016, Peraturan Menteri Dalam Negeri Nomor 19 Tahun 2016, Pengelolaan Barang Milik Daerah.

Sekretariat Negara Republik Indonesia. 2019. Keputusan Direktorat Kekayaan Negara Nomor 12/KN/2019, Petunjuk Teknis Penilaian Street, Gedung dan Jembatan, Bangunan Air dan Penyusunan Laporan Penilaian Dalam Rangka Penilaian Kembali Barang Milik Negara.

Sekretariat Negara Republik Indonesia. 2014. Peraturan Pemerintah Nomor 27 Tahun 2014, Pengelolaan Barang Milik Negara/Daerah.

Winarno, WW. 2017. Analisis Ekonometrika dan Statistika dengan EViews. UPP STIM YKPN. Yogyakarta.

Zhang, Y., & Cheng, L. 2023. The role of transport infrastructure in economic growth: Empirical evidence in the UK. Transport Policy, 133(February), 223–233. https://doi.org/10.1016/j.tranpol.2023.01.017