----- Original Message -----
Sent: Friday, November 22, 2002 10:43
AM
Subject: [nc-budget] Proposed Jan-June
2003 NC budget
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