[Lnc-business] Fwd: Re: scheduling an LNC budget review session

[Wes Benedict]

Wes Benedict, Executive Director
Libertarian National Committee, Inc.
*New address: 1444 Duke St., Alexandria, VA 22314*
(202) 333-0008 ext. 232, wes.benedict at lp.org
facebook.com/libertarians @LPNational
Join the Libertarian Party at: http://lp.org/membership



-------- Original Message --------
Subject: 	Re: [Lnc-business] scheduling an LNC budget review session
Date: 	Fri, 28 Nov 2014 09:37:55 -0800
From: 	Tim Hagan <timhagan-tyr at yahoo.com>
Reply-To: 	Tim Hagan <timhagan-tyr at yahoo.com>, lnc-business at hq.lp.org
To: 	lnc-business <lnc-business at lp.org>



The draft budget is attached. As you can see on the bottom of the 
Operating Budget sheet, this budget is has a deficit of $10,402, so we 
will need to make decisions on where to put our resources. The numbers 
in the Operating Budget sheet come from the Acct Detail sheet. 
Comparisons to the last two off years (2011 and 2013) and to this year 
are included. The bottom of the Acct Detail sheet has notes explaining 
the numbers.

The budget expects the Chair and the Executive Director to solicit 
$20,000 each, with the rest of the LNC also raising $20,000.

Administrative costs (number 40) are reduced due to savings from the 
building purchase. The actual Office expenses for next year are shown in 
the Office Exps sheet, copied to 8170-Total Occupancy & Related on the 
Acct Detail sheet.

Compensation is based on the salaries and benefits for 2014, including 
the last salaries for the Receptionist and LP News Editor positions that 
became open this year. The budget does not include the potential of 
$25,000 for staff bonuses, which depend on meeting revenue goals.

$15,000 was budgeted for Affiliate support.

We budgeted $5000 for candidate training such as the Whoâ??s driving 
educational program.

The Campus Support fund has $3287 in it, so we budgeted $3000 for campus 
support.

We budgeted $5000 for Initiatives Campaign support.

The number of LP News issues is back to four per year, which is the same 
as the last two off years. Each LP New issues costs $8600.

Per the Policy Manual, $60,000 is to be raised for the Building Fund to 
pay down the principle on the office mortgage.

Capital expenses gets $15,000, which includes IT.

There is a possibility of getting the maximum annual allowable ($32,400 
plus the inflation adjustment) from a bequest. This is not finalized, so 
we did not include the amount in the budget.

Tim Hagan

------------------------------------------------------------------------
*From:* Alicia Mattson <agmattson at gmail.com>
*To:* lnc-business <lnc-business at lp.org>
*Sent:* Tuesday, November 25, 2014 12:27 PM
*Subject:* [Lnc-business] scheduling an LNC budget review session

The Executive Committee has reviewed and made some adjustments to the 
draft budget.

You may recall that in the September LNC meeting in Alexandria, we 
adopted a motion, "that the LNC have an informal conference 
approximately 2 weeks prior to the December session in order to review 
the draft budget to be proposed at that session."

In terms of scheduling a time for this review, Robert Kraus will be off 
work following the Thanksgiving holiday until December 2nd, and we need 
him to be available to field questions during this review.

The current proposed time to have a budget review with the full LNC is 
December 3rd at 9pm Eastern / 6pm Pacific.

How well does that proposed schedule work for the rest of the LNC?  
Please respond to let us know if you would be available then or not.

Alicia Mattson
LNC Secretary


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