[Lnc-business] April End-of-Month Financial Statements

[Alicia Mattson]

LNC members please note that the "Cash less Liabilities" on the chart on p.
3 is all the cash (including convention packages sales) minus only the
capital liabilities, not all current liabilities.  Our reserve calculation
includes convention revenues but not convention expenses yet.

When you look at all cash (p. 10, $287k) minus all current liabilities (p.
11, $225k), it's only about $62k difference.  As Mr. Hagan noted, we still
expect to spend another $228k on ballot access.

Hopefully our fundraising banquet at the convention will do well.

-Alicia




On Fri, May 20, 2016 at 7:34 AM, Tim Hagan <timhagan-tyr at yahoo.com> wrote:

> The April End-of-Month Financial Statements Report is attached. The
> financial situation has improved in that the current reserve is at $114,367
> versus a reserve target of $44,125 and revenues are ahead of the budget.
> However, we still have $228,364 in the budget to spend on the states that
> are undergoing or need to undergo ballot access drives this year.
>
> For those wanting to read ahead for the LNC meeting, I will be discussing
> this:
> https://www.fbi.gov/phoenix/press-releases/2016/fbi-warns-of-dramatic-increase-in-business-e-mail-scams.
> <https://www.fbi.gov/phoenix/press-releases/2016/fbi-warns-of-dramatic-increase-in-business-e-mail-scams>
>
> Tim Hagan
>
>
>
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>
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