FINANCE: Solent NHS Trust is struggling to meet its surplus target despite higher than expected levels of income, as it is overspending on pay.
The trust’s finance report for November shows that the trust reported a £400,000 surplus for the financial year to September 2011, against a plan of £620,000.
Its year to date income was £91.2m, £170,000 more than expected. However pay spending for the year was £64.56m against a plan of £63.07m.
The trust has an amber risk rating for finance, but still expects to meet its end of year surplus target of £1.9m.
The report says: “Expenditure controls continue to be in place to address the shortfall on surplus, these include controls on all discretionary expenditure.”