If that's a serious proposal, it isn't one that's been put to the Conference Committee (of which I'm acting chair, and which is overseeing the bid). We just had a two-hour meeting and it wasn't raised once. 
Harry Mitchell
Phone: 024 7698 0977
Skype: harry_j_mitchell

From: Thomas Dalton <thomas.dalton@gmail.com>
To: HJ Mitchell <hjmitchell@ymail.com>; Wikimania general list (open subscription) <wikimania-l@lists.wikimedia.org>
Sent: Sunday, 26 August 2012, 16:45
Subject: Re: [Wikimania-l] UK budget plan for 2014 Wikimania bid

On 26 August 2012 16:34, HJ Mitchell <hjmitchell@ymail.com> wrote:
> Nobody is seriously talking about spending 40k on the bid. As far as I can
> tell, the number was plucked out of thin air. I've just come from a two-hour
> meeting with the bid committee, where the idea of spending ~17k on the bid
> was discussed. Even that's not a formal proposal - it's something that's
> being investigated, along with other options, and will have to undergo
> extensive discussion before we even get to the stage of asking the WMUK
> board to approve it, and which faces considerable opposition (including, to
> some extent, from me) even at this stage.

Have you looked at the budget proposal from the bid committee (I
linked to it earlier in this thread)? That 17k is just for paying the
professional conference organiser and it in addition to a proposed
45k to go to the bid committee themselves to pay them for their time.
As far as I can tell, that is a serious proposal from the bid
committee. It is linked to from their minutes with the title "budget
proposal agreed".