Financial Vfm analysis
|
| Management cost per home £ |
Management cost per home is calculated based on the detail in
Note 2b to the accounts (or
equivalent). ASG has one of the lowest costs per unit, ranking
third lowest at £544 (2011) compared with a peer group range from
£421 ro £1,653 (2010). |
| Repairs and maintenance cost per home £ |
ASG's investment in it's homes is in the top 50% of the peer
group in terms of day-to-day and major works. The range is from
£779 to £4,389, with ASG at £1763. Fifty five percent of the ASG
figures represents planned and major works. |
| Rent void losses per home (general needs only)
£ |
ASG is identified as a mid quartile performer on void losses,
with losses per home at £64 in a peer group range from £35 to
£167. |
| Social housing letting operating margin % |
Calculated as Operating Margin divided by Turnover, the figure
of 40% reflects ASG's focus on efficiency and surplus generation to
provide resources for investment in our social activities and
places it at the top of the peer group. It compares well with the
national 2010 average of 18.1%. |
| Operating cost per home £ |
None of the peer group has a lower operating cost per home than
ASG. Based on the operating costs figure from the Income &
Expenditure Account, at £2,754 the figure is lower than any of the
2010 benchmark group, the highest of which is £7,010. |
| Chief Executive pay per home £ |
The ranking here is in the middle of the peer group rankings,
where the range is from £3.20 to £11.58 per unit. |
| Ratio of Chief Executive emoluments to average staff
pay (excluding employer pensions contributions) |
We have moved towards the proposals set out in the Hutton
Review of Fair Pay in the Public Sector by comparing the emoluments
of the Chief Executive with the average pay of the Group's staff.
This is based on average staff pay at ASG of £31,169 per
annum. |
| Board and Executive pay per home £ |
ASG ranks in the middle of the comparator group which ranges
from £7.50 to £66.90. |
Housing Management VfM analysis
|
| Current rent arrears % |
Affinity Sutton's performance in this area worsened in the year
but has since picked up. This has moved the Group from being a top
quartile performer in 2010 to a middle ranking position in
2011. |
| Re-let times in days - general needs
properties |
The Group is the best performer here, ranking first in a range
up to 74 days. |
| Residents' satisfaction overall % |
ASG ranks in the top third in terms of residents'
satisfaction. |
| Residents' satisfaction with repairs % |
ASG's residents' satisfaction with repairs at 86% is at the top
of the peer group. |