FINANCE: Yeovil District Hospital Foundation Trust was behind plan on its surplus by £60,000 at the end of November 2011.
Board papers obtained under the freedom of information act show the trust was reporting a surplus of £217,000 at the end of month eight.
The finance report said the key fincial risks for 2011-12 were:
- Delivery of the £4.8 million cost improvement programme (CIP). It is forecast that the CIP will be delivered in full by the end of the financial year but there are currently £93,000 of savings still to be identified. Work is progressing to identify savings for the remaining target.
- Vacancies in the emergency department not being filled substantively increasing the forecast expenditure on agency costs. This risk has increased as one of the two new consultant appointments is now unable to accept the post. There remains a high number of middle grade vacancies.
- Bed capacity being greater than planned increasing nursing costs.
Yeovil District Hospital Foundation Trust finance report (see attached, right)
18 January 2012