Trust Board papers November 2012 - Barking Havering and ...

6. Business Unit Summaries
Attached are the summary financial reports for each of the Clinical Business Units. These show:
1. A graphical dashboard summary of the key financial indicators
2. Key financial variances with mitigating actions, including leads and timescales
3. CIP report for the Business Unit
4. Income and Expenditure statement for each Business Unit. This shows each Business Unit’s share of the Central Income position and their local Income and
Expenditure position, giving an overall Net Deficit (+) / Surplus (‐) position. All Income is shown as a credit (‐) and all variances are expressed as Adverse (‐) or
Favourable (+). It should be noted is not a true SLR report, as none of the central income has been apportioned out to the services that are supporting it (e.g.
Diagnostics, Therapies), rather it represents where the income is coded to. They do show, however, the movement in the relationship between coded
income and expenditure between current year to date and prior year average for expenditure and actual reported income.
5. Forecast outturn, with a reconciliation to the previous month’s forecast.
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