[Lnc-business] Fw: EOM June Reports

[Tim Hagan]

The June End-of-Month financial reports are attached. 


The financials have improved, but are still poor. Per the Policy Manual, the targeted reserve requirement is the sum of all monthly occupancy, labor, and governance expenses, which is $56,499. We were at $-2025 at the end of June, compared to $-28221 at the end of May.

Revenues from Donations, Membership Dues, and Board Solicitations are all below budget this year. Ballot access expenditures, by necessity, were spent mostly in first half of the year. On the plus side, that expense will drop for the rest of this year. The convention is showing a profit of $17,545 at this time.


Currently, we have about $36k in unrestricted funds available but have $45k payable, most of which is the unpaid portion of the Hyatt Regency bill from the convention. 

The Policy Manual Section 2.03 requires the financial statements to include a report on financial transactions of related parties. Please send me the name of immediate family or domestic partner/relations who may have either contributed to the LNC, received a
 payment from the LNC, or any other financial transaction with the party so that they may be included in future reports.

Tim Hagan
Treasurer
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