On 25 August 2012 21:31, Joseph Fox josephfoxwiki@gmail.com wrote:
I'm sorry, guys, I think I'm guilty of not reading up properly on this - apparently the £40,000 is just for the bid? Clarification from someone at WMUK please?
I think surely that's an estimate on total cost that's been misquoted...
No misquote. The proposal is to spend that on the bid. In fact, the original proposal was to spend that on the last three months of the bid (since the WMUK financial year starts in February and the decision will be made in April), although it has been suggested that the timing could be adjusted so the money would come out of this year's budget.
You can see the bid committee's proposed budget here:
https://docs.google.com/spreadsheet/ccc?key=0AqB4pGmDm24SdEZCS0xIdVk2dC0wTll...
As you can see, it actually adds up to £62.5k ($98.8k) and most of that is going on paying the bid committee themselves.
I'm confident the board will not approve that proposal, although I am disappointed that they didn't reject it as soon as it was proposed but have let discussions about it continue until their board meeting.