FINANCE: The primary care trust is reporting a deficit of £4.8m but still aims to finish the financial year with a surplus of £725,000.
The finance report for February said the PCT is reporting a year-to-date deficit of £4.8m, which is £5.4m behind the planned £665,000 surplus for this point in the year. It has, however, improved its financial position by £700,000 since January.
Despite the variance from plan, the PCT is still currently reporting a forecast year end surplus of £725,000.
However, the finance report notes that this is subject to the satisfactory settlement of disputed provider contracts with Western Sussex Hospitals NHS Trust and Brighton and Sussex University Hospitals NHS Trust, and also the proposed return of lodgement repayments worth £11.3m.
14 March 2011