Over-optimistic trust forecasts21st September 2007
Foundation trusts have received a warning from regulatory body Monitor over submitting over-optimistic forecasts of their performances.
It emerged that more than half of the foundation trusts rated amber for governance at the end of June had claimed to be on course for a green rating at the start of the financial year. But it has led Monitor chair Bill Moyes, in the body’s quarterly report, to warn that if trusts continue to predict unrealistic performance, boards will face independent reviews, starting as early as December.
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Title: Over-optimistic trust forecasts
Author: Mark Nicholls
Article Id: 4171
Date Added: 21st Sep 2007