FINANCE: NHS Bristol are reporting a surplus of £5.2m at the end of month nine and are ahead of their target for reduction in management costs..
The figures for the end of December mean the trust is on course to achieve the year-end surplus of £6.95m.
The finance report January’s board meeting states: “The financial position in month nine has improved from recent months as savings plans, the tight expenditure controls and scrutiny have taken effect. All staff have been rigorous in their review of expenditure, implementation of QIPP plans, scrutiny of supporting activity and documentation to support contracts, and in developing and actioning the further savings we have required.”
The PCT is required to reduce its management costs for 2010-11 to £10.5m from £11.6m in 2009-10. The trust is exceeding the target by £0.8m.
27 January 2011