Accounting

We seem to have the budget knocked into presentable form, which is not much short of a miracle!… We seem to have staved off one daft idea – presenting the under-resourced budget with a ‘faith gap’ i.e. a deficit which would be made up by putting the guilties on X to contribute a bit more. Certain items in the budget would not be spent until extra funds were forthcoming. It sounded an accountant’s nightmare.

faith gap

 

… as part of my campaign to cut down my super-annuitants’ surcharge, I wrote off to a deer farm which was advertising for capitalists who would like to make nice tax losses while the place was developed; but it involved putting about $13,000 into the place as a minimum, over the next five years, and I decided that was too large and longterm for me.