STC Budgets

The Structure of Specialty Training:STC Budgets 

Each of the Schools through their committees and the SWT are expected to track spending over the course of the financial year in three ways:

• Trainee training events cost – ie those to be funded through top slicing from study leave
• Committee spend, KSS Deanery funded – ie events where the STC has reached agreement with the Deanery that additional funding should be made available
• Operational Costs – ie costs associated with running the committee, ARCP and recruitment. These costs are incurred and are monitored by the SWT.

It is the role of the SWT to ensure that actual spending is properly tracked and reported to KSS Deanery and to the Schools/committees. However, it is the responsibility of the committees to ensure that spending does not exceed available funds and to seek additional financial support where required (usually through the submission of a business case to KSS Deanery).

The Specialty Workforce Team will provide:

• regular updates to the HoS to the Deputy Head of Specialty Workforce as to the current plans compared to actual spending and funds available;
• a report to the STC at each meeting;
• support to the STC in researching costs and preparing budgets.

The STC is responsible for:

• ensuring that current plans will not result in an over- or under-spend;
• ensuring that sufficient funds are available and that business cases are submitted where required;
• adjusting plans for training events where the current top slicing budget does not sufficiently cover costs.