1. FINANCE UPDATE Council of Governors
Report at end of March 2017 and an overview for 2017/18

2. 2016/17 Unqualified Audit Opinion for Annual Accounts
Control Total met – plan operational deficit of £3.8m; actual operational deficit of £3.7m
£23.4m CIP identified out of a total of £29.9m
Agency Spend £22.0m against a target of £19.1m (previous years spend £33.0m)
£22.0m invested in Capital improving services to patients

3. 2016/17 – Y/End Position Plan Actual £ m’s £ m’s
Planned Financial Deficit (3.8) (3.7)
STF Funding
CONTROL TOTAL DEFICIT (1.1) (1.0)
Surplus from Disposal of Property
Allocation from the 2nd distribution
of STF Funds (released last week of March)
Additional Bonus SURPLUS/(DEFICIT) AFTER STF AND
PROPERTY DISPOSAL SURPLUS
Operational Deficit (3.7)
Property Disposal Surplus
STF Funds
YEAR END SURPLUS/(DEFICIT)

4. J M J J 2017/18 Financial Plan Balanced Plan CIP Plan Agency Target
Aim to meet control total of break-even (before STF)
Balanced Plan M
CIP Plan
6% target with over £6m of CIP plans still to be identified J
Current performance is in line with trajectory
Agency Target J
Capital Plan
Plan is in line with funds available