[Lnc-business] Draft Budget

Tue Dec 6 23:48:51 EST 2016

Even though we spent no money for Building Fund fundraising in 2016, the old website had a link to donate to the Building Fund, and people have donated to the tune of $14,810. Project/Program Revenue also includes things like the Legal Offense Fund and Campaign/Candidate Support/Training.

Tim Hagan

      From: Caryn Ann Harlos <carynannharlos at gmail.com>
 To: Tim Hagan <timhagan-tyr at yahoo.com>; Libertarian National Committee list <lnc-business at hq.lp.org> 
 Sent: Monday, December 5, 2016 9:40 PM
 Subject: Re: [Lnc-business] Draft Budget

I am still trying to understand the Project/Program Revenue
in 2016 it says we spent nothing on building fund fundraising - yet we raised $15,710.00 in "project program revenue" - what was that for?
in 2015 we spent $15,304.00 in building fundraising expenses, yet we raised $134, 537.50 in "project program revenue" - what was that?
On Mon, Dec 5, 2016 at 10:38 PM, Caryn Ann Harlos <carynannharlos at gmail.com> wrote:

We did no building fundraising efforts in 2016?  Is this correct?
On Tue, Nov 29, 2016 at 9:47 PM, Tim Hagan <timhagan-tyr at yahoo.com> wrote:

Historically, we have used the previous two non-election years as a baseline for the next non-election year. Figure they are more comparable with less ballot access expenses, no convention, etc.

Operating Budget Line 22 comes from Acct Detail 4080-Recurring Contrib - Pledge. From footnote d, pledge revenue is estimated to be $30k per month. October 2016 pledge revenue was $31785. 

Project Program Revenue is $60,000 for the Building Fund and $4,000 for Candidate Support & Training.
The $15,304 is the average of 2013 & 2015 building fundraising costs. Costs in 2015 was $81, and 2015 building fund revenue was $22,435. I read the Policy Manual as building fundraising being a priority only on odd-numbered years.
.As Nick mentioned, Compensation includes a Tech Developer/Web Master, and we have more contract workers than in 2013 & 2015. There is a slight increase to allow a raise to some full-time employees. The taxes, workers comp, benefits, and payroll service fees are the same percentage of the wages as the previous years.

Tim Hagan

      From: Caryn Ann Harlos <carynannharlos at gmail.com>
 To: Tim Hagan <timhagan-tyr at yahoo.com>; Libertarian National Committee list <lnc-business at hq.lp.org> 
 Sent: Monday, November 28, 2016 9:20 PM
 Subject: Re: [Lnc-business] Draft Budget

This is my first time with the yearly budget, so I apologize if I have dumb questions, and also if these are better to just ask at the meeting let me know, but I do have some basic questions about the first page for now:
Why are 2013 and 2015 given as baselines to compare, but not 2014?What is the basis for thinking recurring gifts will be higher in 2017? (line 22)What is project program revenue? (line 25)I see building fundraising costs for 2015 of $15,304.00 (line 37)- anyone know how much we raised from those efforts? (and I note we have a $0 for that this year even though our PM says this is a priority)What is causing the big jump in compensation?

-- 
In Liberty,Caryn Ann HarlosRegion 1 Representative, Libertarian National Committee (Alaska, Arizona, Colorado, Hawaii, Kansas, Montana, Utah, Wyoming, Washington) - Caryn.Ann. Harlos at LP.orgCommunications Director, Libertarian Party of ColoradoColorado State Coordinator, Libertarian Party Radical Caucus

On Sun, Nov 27, 2016 at 11:10 AM, Tim Hagan <timhagan-tyr at yahoo.com> wrote:

The draft budget to be considered at next month's meeting is attached. Some notes:

The Operating Budget worksheet, column F (highlighted in blue) is the budget to be considered. Its numbers are derived from the yellow-highlighted column in the Acct Detail worksheet. The footnotes at the bottom of the Acct Detail worksheet explain how we came up with the 2017 numbers.

Many of the numbers are based on the 2013 and 2015 numbers. We are predicting that membership will be 19,583 in January, dropping to 15,000 at the end of next year. This gives an average throughout the year of 17,292, which is 28% higher than the average of 2013 and 2015 membership. Some revenues and expenses are increased 28% to account for this increased membership.

Because of our accounting method, the value of the office shows up as a fixed asset with the mortgage as a long-term liability, and paying down the mortgage's principal is a transfer from checking to the mortgage. Likewise, the bequest held in a trust is also an asset, which gets transferred to Cash in the books when we receive a check. Rows 46 and 47 on the Operating Budget worksheet show these transfers so the spreadsheet can show the surplus or deficit of the cash. For the cash flow, the draft budget has a net deficit of $154,900.
Tim Hagan

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-- 
In Liberty,Caryn Ann HarlosRegion 1 Representative, Libertarian National Committee (Alaska, Arizona, Colorado, Hawaii, Kansas, Montana, Utah, Wyoming, Washington) - Caryn.Ann. Harlos at LP.orgCommunications Director, Libertarian Party of ColoradoColorado State Coordinator, Libertarian Party Radical Caucus

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Lnc-business mailing list
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______________________________ _________________
Lnc-business mailing list
Lnc-business at hq.lp.org
http://hq.lp.org/mailman/listi nfo/lnc-business_hq.lp.org

-- 
In Liberty,Caryn Ann HarlosRegion 1 Representative, Libertarian National Committee (Alaska, Arizona, Colorado, Hawaii, Kansas, Montana, Utah, Wyoming, Washington) - Caryn.Ann. Harlos at LP.orgCommunications Director, Libertarian Party of ColoradoColorado State Coordinator, Libertarian Party Radical Caucus

-- 
In Liberty,Caryn Ann HarlosRegion 1 Representative, Libertarian National Committee (Alaska, Arizona, Colorado, Hawaii, Kansas, Montana, Utah, Wyoming, Washington) - Caryn.Ann. Harlos at LP.orgCommunications Director, Libertarian Party of ColoradoColorado State Coordinator, Libertarian Party Radical Caucus

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