Considerations when setting our budget and the ARF

The process is that we agree what the GDC needs to do to achieve our statutory duties, which is our strategy; work out how we can do that as effectively and efficiently as possible, and then determine what resources that will need and what that will cost, which gives us our CCP and budget. This, in turn, leads to the income necessary to deliver the plan and the ARF that is needed to collect that amount of income.

We will review our reserves policy which describes the different types of reserves and how we are able to access them. When Council meet next week, we will consider whether our levels of free reserves are within the levels set out in our reserves policy. We need to maintain these at a certain level to ensure we are able to meet our statutory obligations of ensuring patient safety and public confidence in the professions we regulate.

 

Finally, when Council have made their decisions, we will communicate them shortly after the Council meeting on 21 October. This will include an update from Gurvinder Soomal, Chief Operating Officer at the GDC, who will explain in more detail what Council have decided.