January 2012 - Sandwell & West Birmingham Hospitals

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TRUST BOARD
DOCUMENT TITLE: Financial Performance Report – December 2011
SPONSORING DIRECTOR: Robert White, Director of Finance and Performance Mgt
AUTHOR:
Robert White/Tony Wharram
DATE OF MEETING: 26 January 2012
SUMMARY OF KEY POINTS:
The report provides an update on the financial performance of the Trust for December
2011.
For December, the Trust generated a “bottom line” surplus of £180,000 which is £13,000
higher than the planned position (as measured against the DoH performance target).
For the year to date, the Trust has a surplus of £771,000 which is £11,000 better than the
planned position
Capital expenditure for the year to date is £4,260,000 and the cash balance at 31 st
December was £40.9m.
PURPOSE OF THE REPORT (Indicate with ‘x’ the purpose that applies):
Approval Receipt and Noting Discussion
X
ACTIONS REQUIRED, INCLUDING RECOMMENDATION:
APPROVE the amendments to the capital programme
NOTE the contents of the report and endorse any corrective actions required to
ensure that the Trust achieves its financial targets.
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