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ABSTRACT: Performance is a permanent concern of all economic and non-economic actors participating in the financial circuit. Public sector performance describes the results of an activity in a given area, the cumulative results or all areas of activity of a public body, measured either in absolute terms or in relation to the results obtained in previous periods. Establishing a level of performance in the public sector at the institution level is a continuous and systematic process of measuring and evaluating own products, services and practices, comparing them with the best products of prestigious organizations in the same field. The paper approaches public institutions and their particularities, the performance concept in general and public institutions performance in particular. Also, the structure of the account of patrimonial result of public institutions is analysed and the patrimonial result is proposed as performance indicator to public institutions. Finally, the paper present a case study related to the financial performance analysis to a public institution - City Hall.
Keywords: financial performance, public sector, public institution, patrimonial result
JEL Classification: H70, H83
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Introduction
The performance can be defined in multiple ways, namely: success, result of the action and the action (Bourguignon, 1995). The success, expressing the success of a business, is a very general notion, which can be attributed to several favourable conditions, since it is difficult to identify a single result for its measurement. Success is the reason we could say that performance does not exist in itself, because it varies according to goals and objectives set by each organization. The second meaning attributed to performance, the result of the action, it only embraces the value. The performance is the result of a process or activity. According to the third sense, performance is not only the result measured at the end of a transaction but the whole process of obtaining performance.
Thus, Pintea (2011) explains the diverse visions of defining the concept of performance through the stages of the evolution of the concept of performance:
* the 1950-1980 period, when there is no homogeneity in the definition of this concept and a variety of performance assessment criteria are used, among which: productivity, flexibility, adaptability, capacity, environmental control, turnover, production costs, etc.;
* the end...