[Lnc-business] Financial woes

[Joshua Katz]

Our bylaws require our permission to borrow. We certainly can wait for
staff requests, but I also see nothing improper in a board acting
proactively.
On Aug 11, 2014 4:18 PM, "Norm Olsen" <region1rep at donedad.com> wrote:

> 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
>
> --
>
> 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
>
> _______________________________________________
> Lnc-business mailing list
> Lnc-business at hq.lp.org
> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>
>
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