2. Identify the priority objectives.

3. Develop a schedule of projects, events, and activities.

4. Assist in carrying out major aspects of the program thus defined.
This is an increase of $175,000 over the amount requested in 1972.
SUPPLIES AND MATERIAL, $160,000: To meet normal stationery, office
and duplicating requirements. This is an increase of $100,000 over
that in FY 1972.

EQUIPMENT, $283,000: To meet stabilized operating equipment needs.
This is a reduction of $117,000 from the $400,000 budgeted in FY 1972.

Summary

The positions and funds requested in this budget submission are
based on the best information available at this time. Even though
past experience has not been available as a basis for estimating
requirements, the nature and volume of the workload have been
identified for major operating areas of activity, and staffing
estimates have been based thereon. In administration and other
supporting areas of activity, staffing requirements have been
estimated subjectively in relation to the total size of the Commission
and the activities it must perform. In both areas, estimates have
been made on a conservative basis for foreseeable events. For
example, it may be necessary by virtue of law or administrative neces-
sity to establish an office of hearing examiners, but no provisions
have been included for this and other unforeseeable requirements.
In conclusion, the foregoing estimates reflect the minimum within
which price and rent stabilization objectives can be achieved
effectively.

Rent Advisory Board -- The Rent Advisory Board was established
by Executive Order 11632 dated November 22, 1971. The Board
is composed of such members as the President may from time to
time appoint. The President designates the Chairman of the
The Board provides advice concerning
Rent Advisory Board.
special considerations involved in the stabilization of
rents. It also assists the Price Commission in the performance
of its functions by making technical analyses of specific
matters referred to it by the Commission.

Fiscal Year 1973 Costs

A breakdown of the fiscal year 1973 costs of the seven positions to support this activity is as follows:

The Board members do not receive compensation but do receive travel expenses. The travel expenses are based upon 33 Board meetings at $5,000 per meeting plus travel expenses incurred by the four members of the staff.

Justification