Financial management

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Achievement of the financial position shown in the 2002/3 plan without the need of unplanned financial support.

Rationale
Financial stability is both a key objective and a minimum standard for NHS bodies. It provides the essential platform on which to manage and develop patient services in line with the targets/objectives set out in the NHS Plan.

Thresholds

Legend
Achieved	ü	In financial balance
Under achieved	-	Deficit of up to 1% of turnover or less than £1 million and no unplanned assistance
Significantly under achieved	x	Deficit greater than 1% of turnover or greater than £1 million, or unplanned financial aid.

More technical information