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An Audit Commission spokesman said today:
'Value for money and the proper use of public funds are the key aspects
of the revised Use of Resources framework. Under the new framework
councils will receive a scored judgement on its track record in managing
its finances and providing value for money services for residents.
'As well as a new judgement about value for money, the assessment is
combined with four other aspects: financial reporting, financial
management, financial standing and internal control, to provide a Use of
Resources judgement that will contribute to single tier and county
councils' overall CPA rating.
'The new approach to this assessment will be challenging for many
councils. To do well, councils will need to demonstrate sound financial
management and plan well ahead to make sure that resources are directed
to priority areas. However the outcome for local authorities and their
communities will be a greater focus on the importance of striving for
the highest standards in the use of public money.
'The results will be published annually for all 150 single tier and
county councils. District councils will also undergo the same process
and we will publish their first assessment in March 2006 as part of the
annual audit and inspection letter. Consideration of what happens from
2006/07 will form part of the wider consultation on district councils,
to be published in July.'
LGC story EFFICIENCY TO PLAY A BIGGER PART IN CPA