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KIRKLEES PRIMARY CARE TRUST

Report to the Board 25th July Full Year Financial Accounts 2006/07 1.0 Purpose of Report The purpose of this report is to request the Board to adopt the PCT’s 2006/07 Annual Accounts.

2.0 Background The full year draft accounts were completed and submitted on the 8 th May in accordance with Department of Health deadlines. Since then the accounts have been subject to external audit’s review before being signed off by audit on the 5th July 2007. The updated accounts incorporating changes recommended by external audit have been presented to the Audit Committee at their meeting on July 3rd, who have recommended that the Board adopts the Accounts.

3.0

Annual Accounts 2006/07

A full set of 2006/07 accounts is included at Appendix A. A surplus of £906k is shown in the 2006/07 accounts (previously reported to the Board £913k, change due to revised cost of capital following updated prior period adjustment).

4.0

Financial Duties and Targets

The PCT’s financial duties are to: Manage revenue expenditure within a predetermined resource limit Manage capital expenditure within a predetermined resource limit Manage cash within a predetermined cash limit; this includes both revenue and capital. Demonstrate full cost recovery on an accruals basis in relation to (the PCT’s) provider functions (i.e. its expenditure is matched by income). In addition to these duties, the PCT has a financial target to pay 95% of its invoices within 30 days.

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The PCT’s outturn financial performance for 2006/07 is presented in the table below. 2006/07 Planned

2006/07 Actual

Achieved

487,035

486,129

Yes

1,637

1,635

Yes

Cash Limit

488,562

488,562

Yes

Provider Function

34,727

33,471

Yes

95%

69.1%

No

Duties Resource Limit Capital Resource Limit

Targets Public Sector Payment Policy

The table above demonstrates that the PCT has met all of its financial duties for 2006/07. The PCT has a financial target in that it should pay 95% of its non NHS invoices in 30 days (Public Sector Payment Policy). For 2006/07 the PCT failed to meet this target, for 2007/08 an action plan is in place to ensure performance is significantly improved.

5.0 Recommendations The Board is asked to adopt the 2006/07 Annual Accounts.

Bryan Machin 14th July 2007

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http://www.kirklees.nhs.uk/fileadmin/documents/meetings/july07/PDFs/KPCT-07-120_Accounts_2006-07  

http://www.kirklees.nhs.uk/fileadmin/documents/meetings/july07/PDFs/KPCT-07-120_Accounts_2006-07.pdf

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