FINANCE: The Royal Berkshire NHS Foundation Trust reported a worsening financial position at the end of September, despite making savings on capital expenditure.
The trust ran a £610,000 deficit in September, contributing to a £2.5m year-to-date deficit, £1m worse than planned.
Council of governors meeting papers said: “The director of finance commented that it was disappointing to note that, in September, non-pay costs within divisions had returned to a position of being above budgeted levels.”
Medical pay costs had also risen. “Some, but not all of these costs, could be attributed to increased activity.”
The trust’s cost improvement plan was £1.2m behind plan by the end of September.
Cash stood at £26.7m at the end of September, £5.3m better than budget due to lower than planned capital spending.
Source date
November 2011
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