1. Council of Governors Meeting
Mike Stevens
Director of Finance & Business Development
9th April Agenda Item 7
Relates to Domain 3 - Governance

2. Contents Current financial position 2007/8 Outlook for 2008/9
Capital scheme update

3. Current position 2007/8 Position to end of February 2008
I&E variance to budget £1.8m favourable
Significant increase in patient activity
Cash balance £37.0m
Financial risk rating - 5

4. Current position 2007/8 Forecast outturn
Forecast surplus £8.5m against plan of £6.5m
Cash balance £31.1m against plan of £9.2m
Forecast underspend of £4.3m on capital carried forward to next year
Financial risk rating - 4

5. Outlook for 2008/9 Contracts with PCT’s all signed
Increased resources to meet waiting time
Accelerated 18 weeks by 30/6
15 weeks by 31/12
Increased activity counted
Re-costed to ensure full recovery
Arrangements to cover high cost work

6. Capital schemes update
Phase 4 – complete and operational
ICU expansion – complete and operational
Endoscopy – complete and operational
Linear Accelerator – building work complete, installing first LINAC, second LINAC delivered installing autumn 2008
Emergency hub – option appraisal underway, business case to Board May 08