[Lnc-business] December End-of-Month Financial Reports

[Tim Hagan]

The December End-of-Month Financial Reports are attached. 

The year ended with a deficit of $41,424 versus a budgeted deficit of
$284,900. Total Revenues for 2017 were $1,585,994, which is $86,794
higher than the budget. Total Expenses were $1,627,418, which is
$156,682 below the budget. 

The Policy Manual requires me to report to the LNC budget lines that
exceed the budgeted expense amount by 10% or $100, whichever is more.
The 50-Affiliate Support Expense was $55,356. Its budget was $45,000, so
Affiliate Support went over budget by $10,356 or 23%. 

The LNC had $6,831 of prepaid convention expenses and $101,728 of
deferred convention revenue in 2017, both of which will be booked in
2018.

---
Tim Hagan
Treasurer, Libertarian National Committee
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   The December End-of-Month Financial Reports are attached.

   The year ended with a deficit of $41,424 versus a budgeted deficit of
   $284,900. Total Revenues for 2017 were $1,585,994, which is $86,794
   higher than the budget. Total Expenses were $1,627,418, which is
   $156,682 below the budget.

   The Policy Manual requires me to report to the LNC budget lines that
   exceed the budgeted expense amount by 10% or $100, whichever is more.
   The 50-Affiliate Support Expense was $55,356. Its budget was $45,000,
   so Affiliate Support went over budget by $10,356 or 23%.

   The LNC had $6,831 of prepaid convention expenses and $101,728 of
   deferred convention revenue in 2017, both of which will be booked in
   2018.

   ---
   Tim Hagan
   Treasurer, Libertarian National Committee
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