Duplicate of October 30 note without attachment setting forth proposed budget

I am redistributing this note in connection with our Las Vegas agenda
item for the 2007 budget. It was to have been considered at the
November telcon meeting but there was not a quorum available so it is
something that we will want to revisit in Las Vegas. To my figures Don
Bergeron suggested adding $6,000 for publicizing standards, presumably
having ECF 3.x in mind.

You may wish to print this and bring it with Cathie Mayo's spreadsheets
to the meeting.

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I must confess that figures have never been my strong suit. The good
news is that with the elimination of TC and SC expenses from the
officially recognizable budget last year, the accounting has become
greatly simplified. Here is what I divine.

As of the end of September, this is our financial picture in snapshot
form (see attachment from Cathie Mayo, many thanks Cathie)

 2,494.29 Fy05 Carryover
30,998.99 Fy06 Rec Revenues
33,493.29 Total Funds Available

0.00 YTD Funds Spent
33,493.29 Balance of Available Funds

As I understand the Balance of Available Funds, it represents the amount
on hand at the end of the year.

We had not yet spent any money. We should spend $16,000 on consultants.

That will reduce the amount of available funds by the amount spent on
consultants.

33,493.29

-16,000.00

17,493.29

That will be our carry over into next year by my reckoning.

We underestimated our revenues for this year at the end of last year. It
could be that there will be a drop in membership, but assuming there is
not, then we are looking at taking in another $33,493 next year for a
total of funds available for consulting of $50,986.58 by year end 2007.

Any additions or corrections?