Issue - meetings

The Board gave consideration to a report providing a summary of the financial position of the Health and Social Care Partnership as at the end of month seven. The report also provided information in respect of the year to date position which showed a small forecast overspend, progress with the savings plan and reserves spend.

Decision

The Integration Joint Board –

1.    Noted that there is a relatively small forecast revenue overspend of £847k as at the end of month 7;

2.    Noted that savings of £6.8m have been delivered, 76% of target;

3.    Noted that reserves of £6m have been committed to date; and

4.    Noted that additional formula funding has been allocated to Health Boards to improve financial sustainability and that NHS Highland intend to recover this funding from the IJB (£2.3m).

(Ref: Report by Head of Finance and Transformation dated 29 November 2023, submitted)