The Director of Finance added that on the revenue side Buckinghamshire b received 3% less funding for mental health than the national average and Oxfordshire received 4% less. He was working on how to demonstrate this to the Clinical Commissioning Groups (CCGs) as part of a request further funding. John Allison said the to plan and deliver Cost Improvement ‘resource c risk was operational and therefore in the gift of the Trust to schemes’ resolve. The Chief Operating Officer agreed and explained that the Executive need to balance competing priorities for finite staff capacity and being mindful of the realistic potential for the Trust to deliver its overall financial plan without full delivery planned CIPs. He agreed to look at the DH wording of the risk to make this clearer. The Committee noted the report. d 10. Cash Flow Report a The Director of Finance presented paper FIC 16/2018 and highlighted an end of year cash flow forecast of £16.6m and a 2019 forecast of £17.9m. b The Committee noted the report. 11. Oxford Pharmacy Store (OPS) Performance Report a The Director of Finance presented paper FIC 18/2018 and highlighted the need to write off £84.2k of stock, of which £73.3k related to a power failure. The Chair asked whether this was an insurable risk, and the Director of Finance explained that it was not. b The Director of Finance reported that a review of the future of OPS was underway. c The Committee noted the report. 12. Any Other Business a No further business to discuss. The meeting was closed at: 10:58 Date of Next Meeting: Thursday, 10 May 09:00-11:30 in the Ascot Room, Corporate Services Building, Littlemore Mental Health Centre, Sandford Road, Littlemore, OX4 4XN Attendance 2017-2018
b c d The Director of Finance added that on the revenue side Buckinghamshire received 3% less funding for mental health than the national average and Oxfordshire received 4% less. He was working on how to demonstrate this to the Clinical Commissioning Groups (CCGs) as part of a request further funding. John Allison said the ‘resource to plan and deliver Cost Improvement schemes’ risk was operational and therefore in the gift of the Trust to resolve. The Chief Operating Officer agreed and explained that the Executive need to balance competing priorities for finite staff capacity and being mindful of the realistic potential for the Trust to deliver its overall financial plan without full delivery planned CIPs. He agreed to look at the wording of the risk to make this clearer. The Committee noted the report. DH 10. a b Cash Flow Report The Director of Finance presented paper FIC 16/2018 and highlighted an end of year cash flow forecast of £16.6m and a 2019 forecast of £17.9m. The Committee noted the report. 11. a b c Oxford Pharmacy Store (OPS) Performance Report The Director of Finance presented paper FIC 18/2018 and highlighted the need to write off £84.2k of stock, of which £73.3k related to a power failure. The Chair asked whether this was an insurable risk, and the Director of Finance explained that it was not. The Director of Finance reported that a review of the future of OPS was underway. The Committee noted the report. 12. a Any Other Business No further business to discuss. The meeting was closed at: 10:58 Date of Next Meeting: Thursday, 10 May 09:00-11:30 in the Ascot Room, Corporate Services Building, Littlemore Mental Health Centre, Sandford Road, Littlemore, OX4 4XN Attendance 2017-2018
60_BOD_FIC_Minutes_21-March-2018-v2.docx