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