FINANCE: More than a fifth of Calderdale and Huddersfield Foundation Trust’s efficiency savings target of £14.2m had still to be identified at the end of month ten and will be met out of reserves. However, the board was told that all but £1.6m of the identified savings were low risk, meaning that they were likely to be delivered.

Some of these savings are non-recurrent so the trust will face a challenge in the next financial year, of identifying an additional £6.3m in savings – on top of others it has to make making the total savings target £30m to allow for slippage. The possibility of another mutually agreed resignation scheme may be considered.

Source

Source: Board papers

Source date

February 2013

Topics