Agenda and supporting papers - Plymouth Hospitals NHS Trust
Agenda and supporting papers - Plymouth Hospitals NHS Trust
Agenda and supporting papers - Plymouth Hospitals NHS Trust
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Item 16<br />
COMMITTEE MINUTES<br />
Finance, Performance & Investment Committee (FPIC)<br />
Date 22 nd May 2013<br />
Location Room 2 DHLC<br />
Attendees<br />
Ian Douglas, (Chairman)<br />
Keith Chapman, Assistant Director of Operations (ADoO)<br />
David Cooper, Project Accountant (PA)<br />
Annie Cornelius, Senior Matron (SM)<br />
Phil Hughes, Assistant Medical Director (AMD)<br />
Brian Jones, Associate Director of Finance (AsDoF)<br />
David Killoran, Interim Deputy Director of Finance (IDDoF)<br />
Elizabeth Raikes, NED (ER)<br />
Dan Stevens, Deputy Head of Performance (DHoP)<br />
Joe Teape, Director of Finance (DoF)<br />
Nick Thomas, Director of Planning & Site Services (DoPSS)<br />
Henry Warren, Associate NED (HW)<br />
Jenny Waycott, Contract Manager (CM)<br />
Michelle Smith, Executive Office Team Leader (MS) – minutes<br />
Corporate & Committee Affairs<br />
44/13 Welcome <strong>and</strong> apologies<br />
The apologies were noted as above.<br />
Apologies<br />
Kevin Baber, Chief Operating Officer (COO)<br />
Richard Best, Director of Operations (DoO)<br />
David Brown, Assistant Director of Operations<br />
(ADoO)<br />
Lee Budge, Director of Governance (DoG)<br />
Greg Dix, Director of Nursing (DoN)<br />
Ann James, Chief Executive (CE)<br />
Alex Mayor, Medical Director (MD)<br />
The Chairman introduced Henry Warren to the Committee, who had recently joined the <strong>Trust</strong><br />
as an Associate Non-Executive Director.<br />
45/13 Minutes <strong>and</strong> matters arising from the previous meeting<br />
The minutes of the last meeting were agreed as a true <strong>and</strong> accurate record. There were no<br />
matters arising.<br />
46/13 Action update<br />
• Business planning 13/14<br />
Further update to be provided to the <strong>Trust</strong> Board via finance paper but this was likely to<br />
attract some media interest.<br />
• Contract Penalties<br />
No formal response had been received from the Commissioners but as the contract had<br />
been agreed <strong>and</strong> signed <strong>and</strong> both organisations had submitted accounts it would be<br />
assumed that there was no liability.<br />
• Budgetary control policy<br />
Update due next meeting but the DoF updated the Committee on plans to introduce a<br />
comprehensive developmental programme both for the finance team <strong>and</strong> the wider<br />
organisation, encouraging a culture of financial management throughout.<br />
• DV Valuation<br />
The DoF tabled an update from the Financial Management Accountant which outlined<br />
the methods <strong>and</strong> processes used in the valuation of assets. The DoF would provide a<br />
further update on the challenges <strong>and</strong> the effect of annual dividend at the next meeting of<br />
the Committee. The DoF <strong>and</strong> DoPSS would also look at ways of improving the<br />
relationship with the District Valuer.<br />
• Assurance Framework<br />
This item did not feature on the agenda as the framework was currently being updated<br />
by the DoG, but updates noted at the previous Committee meeting would be<br />
incorporated into the new version.<br />
• Best Practice Tariffs<br />
DoF/<br />
DoPSS<br />
1