FINANCE: South Warwickshire Foundation Trust ended month two of 2012-13 with a deficit of £457,000 - £517,000 worse than planned.
Trust board papers for June cite a “combination of reasons for the overspend to date”, and continue to forecast a £2m surplus at the end of the year.
The papers say: “The Trust has overperformed which is still being validated and yet to be agreed with our commissioners.
There are overspends in divisions, although these “can be offset by over-performance, particularly on non-electives.”
Cost improvement plans have slipped, although finance are “working on securing these savings”.
Reserves were due to be released in month three to improve the year to date position.