3. Every municipal body to which this Order applies must, in respect of each fiscal year, measure the performance of each activity of its administration as determined in the Schedule by calculating, using the formula prescribed therein, the value of each indicator relating to the activity.
The first fiscal year in respect of which the indicators in this Order are applied is the fiscal year 2007 for a local municipality and the fiscal year 2008 for a regional county municipality and an intermunicipal board.