Budgeting: Simulated Case Study Your Principal has requested that you prepare the operational budget for your office for the next six months - July to December. On the breakdown below, he has provided you with the actual budget and spending figures for the previous six months. In your brief, he has also provided you with possible scenario's which are expected to occur within the next six month budget period. Study the information provided, and then complete the questions that follow. Your brief: Influencing factors in the new budget calculations: Subscriptions and registration fees are payable in January of each year. - Two staff members are leaving the company's employment, and their positions will not be filled again. Their salary details are: Paul - R2,850.00 per month, and Janette - R3,000.00 per month. The office rental contract expires in October, and according to the agreement, the rental is subject to an annual increase of 7%. Salary increases have been negotiated at 6%, and will come into effect on July 1st An additional computer station is planned, and will have full internet and email facilities. Your Principal is concerned with the sales figures and is planning a regional golf day to promote the company and your services. Your office will be funding the event