Day three – Thursday 9 November 2017
Session nine:
Paper G1: The Budget
Mr Ian Hardie, Treasurer and convenor of the finance committee, presented Paper G1.
Mr Hardie highlighted some noteworthy areas of the draft budget; he said that, although there was a continued modest decline in M&M, other sources of income will rise – specifically an increase in dividends and the rent from the second floor of the newly refurbished Church House. The costs of ministry are expected to decline slightly, and other costs will hold – and this will result in a deficit of around £1000 for the year.