Budget Committee,
Time pressures meant that all voting members of the
Budget Committee left before the end of the November 20 call, leaving
Roger in the uncomfortable position of no one else to vote
on the budget! Unfortunately, also the idea agreed to earlier in the
call, to adjust the reserves in light of the end of the DNSO and a six
month budget was not done. The Budget was left at
something over USD 9000 per constituency for six months - ie 25% up on
last year pro-rata. This seems unachievable, given our payments
history.
Please see attached a revised proposal for your
consideration. I have checked with Glen and got a new conservative figure
for the reserves expected at the end of 2002 (USD 25,000). The assumption
of the budget is:
- Six months costs based on 2002 actuals provided
by Glen.
- (As in 2002, Indicate but do not budget for task
force telephone conferences - they continue to be sponsored until July
2003).
- Deduct the USD 25, 000 surplus cash in
hand.
- ADD a cash-flow contingency of USD 10,000 to cover any
late payment by up to 2 constituencies.
The net result is a call per constituency of USD 4950
per constituency.
I hope you can support this. The figure is conservative
and I believe achievable to collect. Please indicate to Roger and the
Budget Committee if you support this.
Philip