Treasury Guidance: Improving Financial Relationships
The aim of this Guidance (published May 2006 by HM's Treasury) is to set out best practice and provide advice on effective and efficient use of public funds in a way that is consistent with the principles of public accountability.
Improving financial relationships with the third sector: Guidance to funders and purchasers covers:
- The wider funding context
- Stability in funding relationships
- Balance of risk and the timing of payments
- Full cost recovery
- Reducing the burden of bureaucracy
- Publicly funded assets
Anyone who is involved in commissioning and delivering public services: Government departments, non-departmental public bodies, local authorities and other agencies, as well as third sector providers, could find this document a useful reference guide in the development of effective working partnerships.