Meeting documents
Cabinet
Wednesday, 4th February, 2004
FUNDING DETAILS OF THE PUBLIC SERVICE AGREEMENT
|
PSA Target |
Pump Priming (£) |
Unsupported Credit Approval (£) |
100% Performance Reward Grant (£) |
|
Cost-effectiveness |
5,163 |
- |
298,163 |
|
Increasing bus usage / satisfied with information |
95,000 |
95,000 |
298,163 |
|
Older people's quality of life and independence |
158,000 |
- |
298,163 |
|
Improving secondary school attendance |
90,000 |
- |
298,163 |
|
Young people leaving care - GCSE and occupation |
82,000 |
- |
298,163 |
|
Reducing vehicle crime |
10,000 |
295,000 |
298,163 |
|
Improving our local environment |
149,000 |
1,131,000 |
298,163 |
|
Reducing fire-related deaths and injuries in the home |
67,000 |
- |
298,163 |
|
Improving disabled access to sustained employment |
75,000 |
- |
298,163 |
|
Improving health through sport and leisure |
90,000 |
300,000 |
298,163 |
|
Better alternatives to bed and breakfast for homeless people |
48,000 |
- |
298,163 |
|
Improving library popularity and encouraging reading |
50,000 |
51,000 |
298,163 |
|
Total (£m) |
0.919 |
1.872 |
3.578 |
Notes
1. Pump-Priming
This is the money that the Government provides up-front to support innovation and allow the service to `stretch' its performance. The Government is providing £919,163.
2. Unsupported Credit Approvals
In addition to pump-priming the Government will allow the Council to borrow above its normal limits to support service innovation. £1,872,000 is available for borrowing against closely defined schemes.
3. 60% & 100% Performance Reward Grant
If the Council achieves an agreed level of performance it will receive a Performance Reward Grant. £3,577,950 is the maximum that the Council will receive if all the targets are achieved.
No Performance Reward Grant is payable unless we achieve 60% of the stretch target. On achieving 60% of any stretch target, a proportional amount of the reward grant will be awarded. Reward grants are independently awarded for the12 targets.
For example, we estimate that without the PSA we would increase satisfaction with the public transport information to 40% in 2006. With the PSA, the target becomes 55%. We must achieve 49% (60% of the difference or `stretch') in order to receive the Performance Reward Grant.