FINANCE: The trust fell £0.5m behind on its cost improvement programme between April and June, according to latest board papers.
As a result, it has rated itself “amber” on performance for the corporate objective in its July “Progress against Business Plan” report.
The FT’s objective is to deliver a cost improvement programme of £12m, equivalent to 5.5 per cent of income.
But the report said it had delivered £2.5m during the first quarter and was £0.5m behind target. The report added that it had put in place a programme management office “to ensure that CIPs are delivered in line with the plan”.
The trust rated itself “green” or “amber green” for the majority of objectives in its business plan. In addition to CIP plans, four other objectives were rated amber, but none “red”.
28 July 2011