Adult budget for 2013 -14

[Derek Howie]

As for the current budget, it should be noted that at the start of the financial year there was a projected deficit for the year of £1,320.

I believe that the projected deficit was actually £1,060, as it was agreed to reduce the grant to the Correspondence Association.

If we have a saving in one area then should we not be looking to reduce the deficit? Given there appears to be no specific requirement to spend the money under the International Budget then this just means if we spend it in another area it is just cash coming out of reserves.

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.

Assuming that everyone else has come in on budget then the projected surplus is £248, but there may have been overspends elsewhere (? David), so we may not have the issue of the Government reducing our grant if we don't spend this cash.

If new clocks are required then it should be submitted as an expenditure item for next year's budget. =)