[Lnc-business] Financial Reports

[Timothy Hagan]

The November and December Financials are attached. I did not have good 
Internet access where I was at the last week of December. I don't 
believe that the November report got sent, so it is included here.

The LNC ended the year 2012 under budget for both revenues and expenses. 
The year's revenues were $1,484,850, and expenses were $1,646,065. The 
revenues were $141,050 less than the budget expected, and expenses were 
$138,335 under budget. The cost of support and revenue accounted for 
25.3% of expenses, 21.8% was administrative and overhead costs, and 
52.9% was spent on programs. The largest amount on programs went to 
ballot access.

Building Fund

The Building Fund has $116,717, not including pledges.
The first motion that passed concerning purchasing a building (Mr. 
Wiener's motion) had as one condition for unrestricted general fund 
balance must exceed $167,000 before a purchase contract and loan 
agreement are finalized. On the December End-of-Month report, the Total 
Assets minus Restricted Balances equals $140,409 ($275,000 - $134,591). 
My understanding is that the motion that passed January 31 (Mr. Hinkle's 
motion) supersedes the previous motion. If that is true (please correct 
me if I am wrong), then we do not need to track the amount of 
unrestricted assets as part of determining when a building may be purchased.

Tim Hagan
Treasurer/
/
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://hq.lp.org/pipermail/lnc-business/attachments/20130203/4e26f9e0/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: LNC_11-12_MonthEndFinc_v1.pdf
Type: application/pdf
Size: 800079 bytes
Desc: not available
URL: <http://hq.lp.org/pipermail/lnc-business/attachments/20130203/4e26f9e0/attachment-0002.pdf>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: LNC_12-12_MonthEndFinc_v1.pdf
Type: application/pdf
Size: 772387 bytes
Desc: not available
URL: <http://hq.lp.org/pipermail/lnc-business/attachments/20130203/4e26f9e0/attachment-0003.pdf>