How well have we performed financially?

Finances:

In 2007/08 we invested at a higher average rate than our target.

Borrowing Money – average interest rate: xxx%

Investing Money – average interest rate: xxxx%

Payment of what we owe:

Prompt payment – The Council’s target for paying invoices on time is 100%. We are, up to the end of March 2008 (2007/08), paying 96.19% on time.

Collection of what is owed to us:

Business Rates – we improved our collection rate in 2007/08 by 0.2% having improved by 1.2% in 2006/07 i.e. 1.4% over two years.

Performance against national and local measures

Each year we show the results of how we performed against a range of national and local performance measures (performance indicators). These can track how we are faring ‘year on year’ against our previous performance and where comparative information is available against other councils. Performance is also assessed against a basket of government set top quartile ‘aspirational targets’ which it expects all Councils to achieve. Further details showing where year on year comparisons can be made, for both the national set of indicators and our local indicators are shown within this Annual Report.

Annual Audit of our Accounts:

The Council’s external auditors are required to give an opinion on the financial statements and this should be “unqualified” showing the accounts to present fairly.

Assessments of performance

intro inc. current CPA score, some comment on the change of performance regime

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