Minutes of the Twenty First Meeting of the Board of NHS Leicester ...

NHS LEICESTER CITYMEETING: TRUST BOARD PAPER CDATE: 12 May 2011REPORT TITLE: Financial Report for the year ended 31 March 2011SECTION:PublicREPORT BY:Joel Martin, Head of Corporate FinancePRESENTER:Patsy Roseblade, Director of FinanceEXECUTIVE SUMMARY1. This report details the draft (subject to Audit) financial performance of NHSLCfor the year ending 31 March 2011 and complements information provided inthe dashboard.2. We are reporting achievement of all of our statutory financial targets and all fourof the Better Payment Practice Code targets.3. We are reporting an under spend against our remaining capital resources.BOARD ASSURANCEThe Board must be aware of our current financial position, the underlying financialhealth of the organisation and the key issues and risks underpinning performanceagainst the approved financial plan. Where performance is not in accordance withplan, assurance should be sought that appropriate action is taken to mitigate theeffects of this.RECOMMENDATIONSThe Board is requested to;NOTE the draft financial position of NHSLC at 31 March 2011 and which is subjectto AuditNOTE the achievement of our administrative dutyNOTE the achievement of our key statutory duties