FINANCE: West London Mental Health Trust is on track to achieve its year-end income and expenditure surplus of £3.4m, a report to the board said.
The report said: “Full-year capital spend for 2012-13 is budgeted at £31.7m. Capital spend year-to-date is £16.5m against a re-profiled plan of £22.9m and this is mainly due to underspends against plan for the Broadmoor project and other 2012-13 planned projects.
“The cash balance is currently £21.1m and will increase in January when the first tranche of public dividend capital funding is received. Cash will increase again in March when further PDC funding is received and is then expected to reduce throughout the rest of the year as capital project expenditure increases.”