6 Budget Monitoring - 5 months to 31 August 2023 PDF 633 KB
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Additional documents:
Minutes:
The Board gave
consideration to a report providing a summary of the financial position of the
Health and Social Care Partnership as at the end of month five.Ìý The report also provided information in
respect of the year to date position, the forecast outturn, progress with the
savings plan and reserves spend.
Decision
The Integration
Joint Board –
1.
noted that there was a relatively small forecast
revenue overspend of £900k as at the end of month 5;
2.
noted confirmation that savings of £6.3m had
been delivered, 70% of target;
3.
noted that earmarked reserves of £5.3m had been
committed to date; and
4.
noted that additional formula funding had been
allocated to Health Boards to improve financial sustainability.
(Reference:Ìý Report by Head of Finance and Transformation dated 27 September 2023, submitted)
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