We have now submitted scenarios around a 5% reduction in RRL in 2018/19, rising to a 10% reduction in 2019/20. This have service impacts on those RRL funded areas. Ability to fill current vacancies. BSO has over the last 2-3 years Whilst overall pay slippage is forecast to continue at roughly the experienced levels of vacancies that have resulted in same levels, planned non-pay expenditure is forecast to balance pay surpluses, that have had to be managed. this out. Securing confirmation of the levels of assumed income, All assumed income is included in monthly monitoring returns particularly current budgetary uncertainty. sent to DoH. We have now resolved the issue around the one area of outstanding income. Continued lack of funding for inescapable pressures. For the last The RRL for 2017/18 does not include any pay and price uplift, number of BSO has not received funding for pay and and this continues to put pressure on RRL-funded services such inflationary uplifts for RRL funded services. This has as HSC Pensions Service. We continue to accrue for a 1% pay resulted in an additional savings target for the organisation, as lift due to be implemented next month. these pressures cannot be avoided. For 2017/18 this also includes an inescapable apprenticeship levy. Balance sheet position at 31 December 2017 £000's £000's £000's Non Current Assets Cost Deprec. Land Cost 2,865 0 Buildings Cost 9,484 (1,481) Assets Under Construction 0 0
We have now submitted scenarios around a 5% reduction in RRL in 2018/19, rising to a 10% reduction in 2019/20. This have service impacts on those RRL funded areas. Ability to fill current vacancies. BSO has over the last 2-3 years experienced levels of vacancies that have resulted in pay surpluses, that have had to be managed. Whilst overall pay slippage is forecast to continue at roughly the same levels, planned non-pay expenditure is forecast to balance this out. Securing confirmation of the levels of assumed income, particularly current budgetary uncertainty. All assumed income is included in monthly monitoring returns sent to DoH. We have now resolved the issue around the one area of outstanding income. Continued lack of funding for inescapable pressures. For the last number of BSO has not received funding for pay and inflationary uplifts for RRL funded services. This has resulted in an additional savings target for the organisation, as these pressures cannot be avoided. For 2017/18 this also includes an inescapable apprenticeship levy. The RRL for 2017/18 does not include any pay and price uplift, and this continues to put pressure on RRL-funded services such as HSC Pensions Service. We continue to accrue for a 1% pay lift due to be implemented next month. Balance sheet position at 31 December 2017 £000's £000's £000's Non Current Assets Cost Deprec. Land Cost 2,865 0 Buildings Cost 9,484 (1,481) Assets Under Construction 0 0
Month%209%20finance%20report.docx