East and North Hertfordshire NHS Trust 2007/2008: Use of resources
This score looks at how well this organisation manages its finances.
Use of resources
Rating: Fair
| Year | Rating |
|---|---|
| 2006/2007 | Weak |
| Year | Rating |
|---|---|
| 2005/2006 | Weak |
East and North Hertfordshire NHS Trust has been assessed as performing adequately with regard to its financial arrangements and performance.
| Similar Trusts | Rating |
|---|---|
| 39.6% | Excellent |
| 24.3% | Good |
| 29.0% | Fair |
| 7.1% | Weak |
Comment
This organisation has at least met the basic requirements in all areas of this assessment and has been given a score of fair for use of resources. All financial targets were achieved in 2007/2008. All other areas of the assessment were assessed as good, including financial management and value for money.
Working with the Audit Commission
East and North Hertfordshire NHS Trust's score for use of resources is based on work carried out as part of the Audit Commission's Auditors' Local Evaluation assessment, which covers five areas:
- financial reporting
- financial management
- financial standing
- internal control
- value for money (economy, efficiency and effectiveness)
More about the Audit Commission's Auditors' Local Evaluation assessment (opens in new window)
The Audit Commission is an independent public body responsible for ensuring that public money is spent economically, efficiently, and effectively.
