The operations directorate is showing underspends in pay against a number of areas including PALS and FPS. Recruitment is underway across some areas but has been slower than anticipated. The area within core services is showing a non-pay ‘other’ overspend as it reflects provision made for non-recurrent expenditure approved through SMT. Other core areas are broadly in a break even position. BSTP Expenditure is fully matched with funding in this area ITS programme Expenditure is matched with funding in this area. £5.5m has been spent to date on agreed regional ITS programmes which are agreed with HSCB. Trading The PALS trading account continues to show a break even position as all costs of goods are re-charged out to HSC customers. Managed services These services, consisting of student nurse bursaries, healthy start programme, SUMDE payments for medical and dental training, HSC wide management trainee programme, the HSC interpreting service and sundry recharges to other bodies where BSO is the employer of convenience, are all fully funded through either RRL allocations or straight recharges to HSC customers. A break even position is therefore assumed for these services. Balance sheet position at 31st July 2016 31-Jul-16
The operations directorate is showing underspends in pay against a number of areas including PALS and FPS. Recruitment is underway across some areas but has been slower than anticipated. The ‘other’ area within core services is showing a non-pay overspend as it reflects provision made for non-recurrent expenditure approved through SMT. Other core areas are broadly in a break even position. BSTP Expenditure is fully matched with funding in this area ITS programme Expenditure is matched with funding in this area. £5.5m has been spent to date on agreed regional ITS programmes which are agreed with HSCB. Trading The PALS trading account continues to show a break even position as all costs of goods are re-charged out to HSC customers. Managed services These services, consisting of student nurse bursaries, healthy start programme, SUMDE payments for medical and dental training, HSC wide management trainee programme, the HSC interpreting service and sundry recharges to other bodies where BSO is the employer of convenience, are all fully funded through either RRL allocations or straight recharges to HSC customers. A break even position is therefore assumed for these services. Balance sheet position at 31st July 2016 31-Jul-16
sample_alternative_finance_report_Mth4.docx