FINANCE: Stockport FT had a surplus of £251,000 at the end of June, £29,000 ahead of its planned surplus, but reported an underlying deficit of nearly £1.5m.
The trust’s latest finance report shows the trust was able to achieve a surplus due to “non recurrent benefits from the 2011-12 income position and the release of deferred income” despite an underlying deficit of £1,468,000.
The underlying deficit is down to a shortfall in the trust’s cost savings plans, costs related to achieving A&E targets and high staffing costs on the wards, says the report.
Source
Source date
July 2012
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