[Lnc-business] May Financial Reports

[Tim Hagan]

The May End-of-Month Financial Reports are attached. May had a loss of $11,523. For the year to date, we show a profit of $18,119. At the end of May, unrestricted cash was at $26,346 versus the reserve target of $50,460. The current unrestricted cash is at $34,223.

The 2015 budget has only $3000 for ballot access fundraising, to cover phone calls and some house mailings to top donors but no house letters. However, we decided to send a house letter for Arkansas ballot access, which cost $6364, and assuming the Oklahoma ballot access motion passes, it will require additional $6400. These amounts can be taken out of general fundraising costs. At the meeting, I will move to modify the budget by increasing 36-Ballot Access Fundraising Expenses from $3,000 to $15,764, and to decrease 32-Fundraising Cost from $160,965.10 to $145,201.

We got a more accurate amount for the bequest left to the Libertarian Party, so in the Balance Sheet, the 180 - Bequests Expected - Non Current amount was adjusted to $190,600, from $216,600 in the previous estimate.

Tim Hagan
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