The purpose of this study was to analyze and describe the implementation of village fund policies in Hamalau, Sungai Raya District, and Hulu Sungai Selatan Regency. The research method used in this research is a qualitative descriptive method. Sources of data in this study are primary data and secondary data. The informants in this study were the Sungai Raya subdistrict government, the Hamalau village government, and the Hamalau village community leaders. Data collection techniques used in this study was direct observation, interviews, and documentation. The research instruments used in this study were interview guidelines and documentation guidelines. Data collection methods in this research are transect walks, interviews with several informants, and supporting documents which include village development planning documents and reports on the realization of the use of village budgets. The location of this research is in Hamalau Village, Sungai Raya District, Hulu Sungai Selatan Regency. The results showed that the realization of village funds for the 2016 fiscal year was still in the low category. That is the impact of the less than the optimal implementation of the development project due to the unsatisfactory performance of the Hamalau village head in implementing development with his instructional leadership style.