Recurrent Budget, 1999

Dear Friends,

Here is another issue of our mini newsletters, reporting on the work of Makeni Ecumenical Centre. This time, a lot of figures, I'm afraid: the 1999 budget (compiled by the Financial Manager)

Pre & Primary Schools +K27.2 million
Adult Education Department -K12.4 million
Piggery -K1.1 million
Poultry Production Unit break-even
Agricultural Production Unit +K 1/2 million
Carpentry Production Unit break-even
Local Fundraising and other income             +K9.3 million
Transport                                      -K21.2 million
Maintenance -K15.4 million
Security                                       -K5.7 million
Administration                                 -K39 million

NET RECURRENT BUDGET DEFICIT: K57.8 million


NOTES:

A number of assumptions have had to be made in the attached budget, the main ones being:-

Salaries increases are projected at 11% from January 1st, 1999, and a further 11% from July 1st, 1999. This is to compensate for inflation and price increases which are projected to run between 25-28% from 1998 levels.

Assumptions relating to the new Computer Courses [included under Adult Education Courses above] are as follows: - A volunteer will come for six months to assist with set-up. A lecturer will be employed from March 1999. Courses will commence in June 1999, and that monthly income will cover the lecturer's salary.

At the current rate of exchange, the British Pounds Sterling equivalent of the total budget is GBP16,000.

Costs which are covered by specific donor funding are: -

Computer Course set-up costs    K3.6 million
ATP Co-ordinator                K3.6 million
Salaries - Finance Department   K9.4 million        British Pounds £4,600

Yours in Christ,

Fr Pierre J Dil

Very Revd Canon Pierre J Dil,
Honorary Chairman Makeni Ecumenical Centre  P O Box 50255,Lusaka, Zambia
Private mail: Private Bag RW51313, Lusaka, Zambia
Tel 260-1-274991  Fax 260-1-272437
e-mail:mecdil@zamnet.zm