Budgeting

After our meeting with the Mayor we decided to go back through our budget with the prices of the silks, fur and lining chosen.

The original budget that Graham laid out after his initial meeting with the Mayor were as follows:

10mts Red/Scarlet silk    £150.00

10mts Silk suit lining        £120.00

Black Silk for trim              £45.00

Fur                                         £80.00 (Just an estimate at present)

Canvas for shoulder +

Threads etc.                       £25.00

TOTAL:                                  £420.00

We estimated some of the amounts we needed as well as definite choices and came up with this revision of the budget (the prices are including VAT): 

5m Red Silk @ £50 a metre = £250.00

Approx 4m Brown fur @ £25.20 = £100.80

Approx 3m Lining @ £9 a metre = 27.00

3m thick ribbon @ £6 = £18.00

3m thin ribbon @ £3 = £9.00

Threads, wadding, stayflex = £15.00

In total this comes to £419.80

When allowing for delivery and approximations on fur it came above the initial budget. 

We therefore emailed Hazel, the Mayors Assistant, with these changes asking if a budget of £450 would be acceptable for the robe as the silk was £50 a metre rather than the original £15 a metre used in estimation.