[Lnc-business] Financial woes

[Norm Olsen]

We have a competent Executive Director who is certainly monitoring this situation.  I am confident that he will implement appropriate policies to address this issue as necessary.  If he decides obtaining a loan is an appropriate action, I’m sure he’ll advise the chair and we’ll soon after have a motion to vote upon.

 

We as a governing board should not be trying to micro-manage these affairs from afar.

 

Norm

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Norman T Olsen

Regional Representative, Region I

Libertarian National Committee

7931 S Broadway, PMB 102

Littleton, Colorado  80122-2710

303-263-4995

Norman.Olsen at lp.org

 

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

 

From: Lnc-business [mailto:lnc-business-bounces at hq.lp.org] On Behalf Of Joshua Katz
Sent: Saturday, August 09, 2014 11:21 AM
To: lnc-business at hq.lp.org
Subject: [Lnc-business] Financial woes

 

Since I had only one person join me in my call to authorize additional debt, and that was qualified with the idea of waiting another month, I now float the following three motions and seek sponsors.  

 

1.  The LNC shall authorize no expenditures other than those necessary for activities already authorized by vote or bylaws to be undertaken (to include votes which closed before the effective date but which have not yet been reported on the effective date, if any.)  No money shall be expended by the party until November 1, 2014, other than that which has already been authorized or encumbered, exempting expenditures from restricted funds.  No additional expenses shall be undertaken, and no agreements with vendors entered into requiring payment before November 1, 2014.  In addition, the LNC shall direct the Secretary to write official notices of apology to all vendors whose payments are delayed via negotiations by staff, or via non-payment or extension of terms, on behalf of the LNC.

 

2.  Prior to the December meeting in New Orleans, staff shall be requested to issue all necessary reports in written form, to be presented at the meeting (as specifically required, or traditional.)  Staff presence at the LNC meeting shall be restricted to the Executive Director and one additional staff member, to be chosen by the Executive Director following consultation with the Chair.

 

3.  The LNC directs the Executive Director to issue a report with all specific staff responsibilities, estimated hours required per week, and skills needed to perform staff functions.  The Executive Director then shall issue a report indicating potential to replace staff functions with volunteer efforts, after conducting a member survey for skills and willingness to volunteer.  The LNC requests that the Chair, after consulting said report, reconsider all staff arrangements and contracts.

 

I favor the first, but am looking for all ways to stem costs.  We have a balloon payment hanging over our heads, currently are bankrupt, and have continued to vote to authorize expenditures.  I believe these operations must be reconsidered.  I understand that our financial hole is a temporary phenomenon, and that our bankruptcy is a matter of accounting, but we are still in dire financial straits.  I do believe that we need to bring in more money, but a financial crisis is also an opportunity to reconsider our spending habits, which should be restrained, and mostly aimed at our core mission, at all times, regardless of circumstances.

 

Joshua A. Katz

 

Region 8 (Region of Badassdom) Alternate

Libertarian National Committee


Chair, Libertarian Party of Connecticut

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