Finance and Resources
The financial outlook for 2010/11 remains healthy for the Trust, and we are looking to achieve a surplus in excess of £3.4millon. As a Foundation Trust we will look to reinvest in the services we provide for the people of Hertfordshire, Norfolk and North Essex.
The Trust is in a good financial position at the start of 2010/11 with a strong balance sheet and healthy cash balance. The Finance and Investment Committee of the Trust has confirmed the target for the Trust to maintain a good liquidity ratio. Cash in excess of that required to achieve this will be invested in new capital assets in 2010/11 and an investment plan of £15m has been agreed. The Trust intends to continue this scale of investment over the next three years.
Our investment plans for 2010/11 will not require any long term borrowing against the Trust’s Prudential Borrowing Code Limit.