09-12-2012, 08:28 PM
As I understand it, money left unspent in any financial year cannot just be carried forward to the next year - the Government will simply reduce our grant for the second year by the amount underspent in the first year. In effect, they will just take the surplus off us.
If an underspend is likely on one director's budget, the first step should be to see if the money can be transferred to another director's budget where an overspend seems likely. Alternatively, the money can be used (for example) to buy more digital clocks for Chess Scotland - we could certainly do with some, as ten or so of our current stock are faulty, and it would be good to reach a stage where even the largest congresses in Scotland have no need for analogue clocks.
If an underspend is likely on one director's budget, the first step should be to see if the money can be transferred to another director's budget where an overspend seems likely. Alternatively, the money can be used (for example) to buy more digital clocks for Chess Scotland - we could certainly do with some, as ten or so of our current stock are faulty, and it would be good to reach a stage where even the largest congresses in Scotland have no need for analogue clocks.