We’ve been directed to complete “zero” based budgeting for 2011/12. This means that instead carrying over the amount we have historically had budgeted for specific items, we have looked critically at each line item and estimated what we will actually need. The proposals we submitted this week are tight, but operational.
As an FYI, this is an area that is taking more of my time. This includes monitoring expenses, predicting costs, trying to estimate external funding, balancing staffing needs / costs with workload. . . . We’ll be okay, but it’s important everyone in EET know that the budgets are tight.
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