The total net value of ongoing cash-releasing value for money gains that have impacted since the start of the 2008-09 Financial Year.
Net: Value for money gains should be reported net of any additional investment and ongoing costs incurred for their implementation (this excludes any staff costs incurred in implementing the gains if those costs would have been incurred in any event).
Ongoing: Value for money gains must persist for at least two full financial years after the year they first accrue (the value of any gains reported through this indicator that are not sustained for this period of time must be deleted at the earliest opportunity).
Cash-releasing: Value for money gains that release resources which can be redeployed according to local priorities.
Value for money gains: Improved relationship between inputs and outputs for the delivery of a service, but without any deterioration of the overall effectiveness of that service (a service can be any activity undertaken by the council).
Impacted: The moment that the financial benefit of the action is felt (thus gains arising from actions taken before the start of the 2008-09 financial year or the remaining part year effects of gains that first impacted during 2007-08 may also be included where they meet this qualification).
In addition, councils may also count the value of any cash-releasing gains achieved before 2008-09 where they are both ongoing and in excess of the council's 7.5% efficiency target for the 2004 Spending Review period.
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Half-year |
Amount |
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H2/08 |
608,000 |
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H1/09 |
609,000 |
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H2/09 |
620,000 |
|
|
H1/10 |
640,000 |
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H2/10 |
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H1/11 |
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H2/11 |
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H1/12 |
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