FINANCE; A specialist eye hospital is predicting a significant deficit within two years because of increased cost pressures
Although predicting a surplus of £5.1m in 2011-12 it predicts deficits of £0.5m the year after and £6.1m the year after that.
Finance officers said this was despite assuming “cash releasing efficiency savings” (CRES) of 4 per cent a year.
The trust said it was working on a “major savings programme initiative which is being scoped in Management Executive for development in 2011-12.”
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Finance paper (attached)