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Financial Information
Where we spent your money in 2007/08
| Expenditure on: | Amount spent: |  | Breakdown of Housing Management Expenditure |
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| Housing management | £12,739.000 | | Area housing | £1,665,000 |
| Housing repairs | £6.599,000 | | Sheltered housing | £2,910,000 |
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| Total services | £18,978,000 | | Tenant participation | £278,000 |
| | | Other housing management | £7,526,000 |
| Housing improvement works | £9.051,000 | | | |
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| Grand total | £28,029,000 | | Grand total | £12,739.000 |
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Financial achievements.
Our financial achievements for this period have included:
- Saving £90,000 on our void partnering contract per year.
- Increasing income by £50,000 per year by reducing the time properties are empty.
- Reducing staffing costs at the Repairs Centre by £200,000 per year through centralising services at Alpi House.
- Achieving a £560,000 reduction in recharges from the council in 2008/09.
We have also worked with the Health Authority on core training courses; increased the take up of direct debit payments; reduced anti-social behaviour on estates and installed smoke alarms.
The Annual Tenant and Leaseholder Survey showed that 77.2 per cent of tenants felt their rent was Value for Money (up from 75 per cent); and that 42.7 per cent were satisfied with the service charge (up from 23 per cent).
Value for money is a key priority at SGCH, so we have compared our performance with other ALMOs. Our findings showed that our repair costs are some of the lowest amongst all ALMOs.
A plan is now in place to review issues and reduce costs.
Financial documents
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| - sets out our financial goals for the next three years |
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| - this sets out in detail the annual budget for 2008/9 together with a forecast through to 2011/12 |
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| - this shows the annual audited final accounts and directors reports for the company |
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| - this sets out our approach and plan for making our money go further |
- Counter-fraud and Corruption policy
| - this sets out our standards of honesty and transparency. |
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| - this sets out our approach to addressing risks that we face in our business |
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| - this report to the SGCH Ltd Finance & Regulatory Committee sets out the comparative information on finance and performance between us and other ALMO’s. |
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| - this sets out our approach to all aspects of purchasing goods and services from day to day needs to major contracts |
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