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

[Tim Hagan]

Sending again.


----- Forwarded Message -----
From: Tim Hagan <timhagan-tyr at yahoo.com>
To: lnc-business <lnc-business at lp.org> 
Sent: Friday, November 28, 2014 9:37 AM
Subject: Re: [Lnc-business] scheduling an LNC budget review session
 


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 Who’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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