Minutes of the Twenty First Meeting of the Board of NHS Leicester ...
Minutes of the Twenty First Meeting of the Board of NHS Leicester ...
Minutes of the Twenty First Meeting of the Board of NHS Leicester ...
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Paper C<strong>NHS</strong> <strong>Leicester</strong> City <strong>Board</strong> <strong>Meeting</strong>12 May 2011<strong>NHS</strong> LEICESTER CITYBOARD MEETING12 MAY 2011Financial Report for <strong>the</strong> year ended 31 March 20111. The <strong>NHS</strong> LC financial position at <strong>the</strong> end <strong>of</strong> March 2011 is a surplus <strong>of</strong>£6.192m. Which, when rounded down means we achieved our control surplusset with East Midlands Strategic Health Authority <strong>of</strong> £6.149m.2. This report is based on <strong>the</strong> draft annual accounts which are currently beingaudited.Executive Summary3. A summary <strong>of</strong> key financial indicators is set out in Table 1 below. We haveachieved all statutory and administrative duties.Table 1 – Summary <strong>of</strong> performance against key financial indicatorsKey Financial IndicatorYear-end ActualSurplus/(Deficit)£’0001. Revenue Position – To remain within<strong>the</strong> Annual Revenue Resource Limit 6,192Risk Rating2. Capital Position – Deliver <strong>the</strong>authorised capital programme within <strong>the</strong>capital resource limit850Risk Rating3. Full Recovery <strong>of</strong> Provider Costs - for<strong>the</strong> Provider part <strong>of</strong> <strong>the</strong> PCT to breakeven0Risk Rating4. To remain within <strong>the</strong> Annual Cash Limit1Risk RatingJoel Martin 1Head <strong>of</strong> Corporate Finance
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