FINANCE: The north London trust has published early findings of its finance review by new chief executive Mark Easton.
A report to the finance committee said: “There are overspends caused by unrecognised activity, heavy reliance on interim staff for waiting lists, difficulties in recruitment and difficulties with non-pay spend.
“Early work on risk-rating the plan indicates that only £8-10m of schemes will be delivered under current trajectory compared to £17m required.”
It said a firm called Public Private Limited had been enagaged to “review the robustness of plans, ensure there is strong programme management of projects, and help us fill the remaining gaps”.
The report also said the trust had £16.2m in reserves which could be used in 2011-12 if needed.