[Lnc-business] Fwd: EOM for Nov-13

[Norm Olsen]

Hello Tim . . .

 

Please advise if the following statements are not correct:

 

1>  The "Statement of Operations" is essentially the equivalent of what is normalloy called an "Income / Expense Report".

2>  On the report provided, the “Surplus/Deficit” category of the bottom line includes some $234,408 of building fund revenues, and

3>  The reported “Surplus/Deficit” for Jan-Nov 2013 is not really $172,650, but from an Operations point of view is really ($61,758).

 

Being a relatively accounting novice, I would appreciate a standard operating “Income/Expense Statement” which does not include any designated funds; i.e. a document which describes our basic operations.

 

Norm

--

Norman T Olsen

Regional Representative, Region I

Libertarian National Committee

7931 S Broadway, PMB 102

Littleton, Colorado  80122-2710

303-277-9967

Norman.Olsen at lp.org

 

"First they ignore you, then they ridicule you, then they fight you, then you win." -- Gandhi

 

-----Original Message-----
From: Lnc-business [mailto:lnc-business-bounces at hq.lp.org] On Behalf Of Timothy Hagan
Sent: Saturday, January 04, 2014 1:09 PM
To: LNC Business
Subject: [Lnc-business] Fwd: EOM for Nov-13

 

The November end-of-month financial reports are attached. I apologize for the delay. Where I was staying during the holidays does not have Internet connection.

 

Tim Hagan

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