| Expenditure |
|
This is specific to the PMD practice statement.
This section of the report shows expenditure against the target budget.
The following details are provided:
- target budget for the current year. If a practice moves to a new PCT mid-year and retains their patients, they will also retain their existing budget as this has been set according to the needs of the practice
- if a target budget needs to change mid-year, these changes need to be agreed with the PCT
- if a practice splits the budgets will need to be agreed with the PCT and will normally be prorated with list sizes
- expenditure for the current month
- cumulative actual cost
- forecast out-turn.
The forecast out-turn can be compared with the target budget to establish whether the practice is on target for expenditure; for example if the forecast out-turn is greater than the target budget then if current expenditure levels are maintained the target budget will be exceeded at the end of the financial year.
|
Target Budget for the Current Year,
Expenditure for the Current Month,
Cumulative Actual Cost,
Forecast Out-turn |
PMD
|
June-04 |
