FINANCE: The primary care trust is predicting an end-of-year £4m surplus after committing reserves to counter an in-year deficit.
Board papers for January report a projected under-spend “in line” with its year-end target of £4.315m.
On 31 December the PCT was reporting a deficit of £6.551m, which after the application of £9m of contingency funds improved the position to a surplus of £2.449m – still well short of its year-end target.
The report states: “In order to achieve the year-end target, the supplementary savings plan designed to realise a further £3.8m of savings, needs to be achieved.”
The report adds: “It should be noted that only £3m remains in the contingency for the rest of the year.”
26 January 2011