Thank you, Mr. Chair.
The budget, as broken down in the back of the document, has been done based on formulas that are essentially management-approved numbers. You obviously budget more than you'll actually need for the trip. For instance, the ticketing fee is a standard $1,000. We may use the full amount; we may not use the full amount. Another example is the amount for the charter flight. The committee had to budget the price for the entire charter flight, because we have to pay for all the seats that won't be used, but the committee will get back each member's points. Essentially we will redeem that from Members' Travel Services, and so that number will go down significantly once we make the claim to Members' Travel.