Budget

Hi Dale

Following discussions with Vince, Grant and Stinson, we've drawn up the
proposed budget. We're working on the basis that Research Group headcount
will grow to 8 in the near future.

Business trips US: 8
Business trips Europe: 10

Computer software and licences: GBP 10,000
Office postage: GBP 350
Employee recruitment fees: GBP 30,000 ( = 3 x 20% x GBP 50,000)
Professional subscriptions and memberships AND books: GBP 15,000
Training courses: GBP 16,000 ( = 8 x GBP 2,000)
Conferences: GBP 8,000 ( = 4 x GBP 2,000)
Mobile phones: GBP 1,500 ( = 3 x GBP 500 = me + 2 floaters)
Hardware: GBP 10,000 ( = laptops, workstations)

Suggested allocation as follows...
RAC 20%
UK Power 20%
UK Gas 5%
Continental Power 20%
Continental Gas 5%
Global products 10%
EBS 10%
EES 10%
...unless you've got any other views on this one (I'm happy to take advice
here).

Vince has said you can give him a call if you want to discuss any of these
points further, but I'm happy to field initial queries (I'll have to get used
to it!).

Cheers,
Steve