FINANCE: The primary care trust was showing a £1,647,000 surplus at the end of December, but had fallen behind on its savings plan.
The commissioner’s January finance report said that the surplus was on track to hit its planned surplus target for the financial year, although this was dependent on “a number of assumptions that have been made to be borne out”.
Its plan to find £18.3m savings for 2010/11 was behind by £1.5m at the end of December, it added. This, coupled with over-spending on some provider contracts, meant that additional savings were being made by “freezing investment monies, stopping previously approved investments” and “driving higher the demand management cost savings”.
It concluded that these measures “should ensure that the PCT meets its year end target surplus, but every effort is needed to ensure that the over-spending trend[s] of the past few months do not continue”.
18 January 2011