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2012 Update and 2013 Draft Budget

2012 Update and 2013 Draft Budget. Where are we in 2012? How has the 2013 Draft Budget been prepared? What are the key numbers? What happens next?. PLEASE NOTE THAT ALL THE 2013 BUDGET HAS NOT YET BEEN FINALISED AND APPROVED AND THE VALUES IN THIS PRESENTATION ARE SUBJECT TO CHANGE.

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2012 Update and 2013 Draft Budget

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  1. 2012 Update and 2013 Draft Budget Where are we in 2012? How has the 2013 Draft Budget been prepared? What are the key numbers? What happens next? PLEASE NOTE THAT ALL THE 2013 BUDGET HAS NOT YET BEEN FINALISED AND APPROVED AND THE VALUES IN THIS PRESENTATION ARE SUBJECT TO CHANGE

  2. Where are we in 2012? Parish Share As at 31 August we have received £5,235,000 Compares positively to same time in 2011 (£5,172,000) and to Budget for 2012 (£5,145,000) Thank you Other Income In line with expectations Expenditure Continued overspend on employment costs, but underspends mean savings overall

  3. Forecast for 2012

  4. How has this budget been prepared? Effectively Staffing Budget Holders Not 2012 plus inflation Reviewed Key assumptions a 2% increase in stipends and salaries a 2% increase in the Parish Share request

  5. What are the key numbers?

  6. What happens next? Final review and adjustments – officers and Finance Sub-Committee Board approval sought on 8 October Final Budget presentation at Diocesan Synod on 10 November – including approval Any questions at this time?

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