At the end of the financial year strategic health authorities (SHA) do not hold contingency reserves in their accounts but they do report an under or over spend against the funding available to them on a resource but not a cash basis. The value of the under or over spend reported by each SHA is shown in the following table:
2006/07 Provisional under/(over) spend at Quarter 4 2006/07 Provisional under/(over) spend as percentage RRL 2007/08 Forecast under/(over) spend at Quarter 1 North East SHA 64,511 23.8 79,924 North West SHA 206,058 28.4 129,484 Yorkshire and the Humber SHA 178,022 26.8 186,521 East Midlands SHA 80,476 21 .8 68,183 West Midlands SHA 33,248 8.9 76,566 East of England SHA 62,293 12.7 (6,219) London SHA 179,790 16.4 6,634 South East Coast SHA 29,990 11.9 54,000 South Central SHA 31,648 11.2 6,500 South West SHA 94,736 23.9 58,973 England total 960,772 19.5 660,566 Source: Financial Monitoring Returns.