FINANCE: The Southampton, Hampshire, Isle of Wight and Portsmouth primary care trust cluster reported a £6.82 million surplus in the first five months of 2012-13, and is expecting to achieve the £16.3m target for the full year.
Each PCT is forecasted to deliver its target surplus.
However cluster’s risk register gave a red rating to the delivery of financial targets – and the risk was reported to have increased over the past month.
Under delivery of the local quality, innovation, productivity and prevention programme was highlighted as a key risk. The cluster was £740,000 behind the year to date plan of £29.9m. Much of the variance was attributed to the Hampshire area, with small QIPP surpluses in Portsmouth and the Isle of Wight.
Board papers (attached)