Finance Unplanned significant reductions in income or significant increases in costs. Requirement for working capital in breach of PBL limits. Failure to comply with NHS Foundation Trust Annual Reporting Manual. Discussions with external auditors which may lead to a qualified audit report. Major investments that could affect the financial risk rating or which may result in an investment adjustment. Governance Events suggesting material issues with governance processes and structures: Removal of director(s) for abuse of office Significant non-contractual disputes with an NHS body Failure to meet healthcare targets. Risk of failure to maintain registration with the CQC or application or removal of the conditions on registration. Patient safety issues which may impact the Authorisation. Proposals to vary mandatory services or dispose of assets. Reporting of breaches in information governance. Other risks Enforcement notices from other bodies implying potential or actual significant breach of any other requirement in the Authorisation (e.g. fire author notices). Other required reports The Trust also has to provide reports on1: Election results Changes to Board of Directors and Members’ Council 1Source Compliance Framework 31 March 2011 Submissions for Quarter 4 Monitor issued to the Trust the template to be completed as part of the in-year reporting. As required in the past three quarters, there are three declarations: Governance work is still occurring to determine which Declaration – should be signed (see below for further information) and an oral update will be provided at the Board meeting. Finance the Director of Finance will provide an oral update and refer to – the Finance Report to support Declaration 1 being signed. Quality Director of Nursing and Clinical Standards will provide an oral – update to support Declaration 1 being signed.
Finance Unplanned significant reductions in income or significant increases in costs. Requirement for working capital in breach of PBL limits. Failure to comply with NHS Foundation Trust Annual Reporting Manual. Discussions with external auditors which may lead to a qualified audit report. Major investments that could affect the financial risk rating or which may result in an investment adjustment. Governance Events suggesting material issues with governance processes and structures: Removal of director(s) for abuse of office Significant non-contractual disputes with an NHS body Failure to meet healthcare targets. Risk of failure to maintain registration with the CQC or application or removal of the conditions on registration. Patient safety issues which may impact the Authorisation. Proposals to vary mandatory services or dispose of assets. Reporting of breaches in information governance. Other risks Enforcement notices from other bodies implying potential or actual significant breach of any other requirement in the Authorisation (e.g. fire author notices). Other required reports The Trust also has to provide reports on1: Election results Changes to Board of Directors and Members’ Council 1Source Compliance Framework 31 March 2011 Submissions for Quarter 4 Monitor issued to the Trust the template to be completed as part of the in-year reporting. As required in the past three quarters, there are three declarations: Governance – work is still occurring to determine which Declaration should be signed (see below for further information) and an oral update will be provided at the Board meeting. Finance – the Director of Finance will provide an oral update and refer to the Finance Report to support Declaration 1 being signed. Quality – Director of Nursing and Clinical Standards will provide an oral update to support Declaration 1 being signed.
57_BOD_MonitorQ4.docx