[Lnc-business] Draft 2019 Budget

[Tim Hagan]

A draft 2019 budget is attached in Excel and PDF formats. The PDF is in
three files, one for each worksheet. 

As the LNC has done in the past, Adoption of 2019 Budget is in the
agenda twice: Saturday afternoon and Sunday morning. Saturday afternoon
we will go over the budget and entertain questions and amendments.
Sunday can have more amendments as committee members mull over the
budget overnight, concluding with a vote whether to adopt the budget.

The first worksheet, Operating Budget, has the budget to be considered
in column I, highlighted in blue. It also shows the amounts spent in
2015, 2017, and extrapolated for 2018. The budget amounts are calculated
from the values on the Account Detail sheet.

Note on the Operating Budget sheet, row 45, that the budget has a
$127,550 net deficit. The finances are done by the accrual method, so we
have already booked the principle on the office, the bequests, and the
2018 convention expenses. For 2019, we will need additional cash to
cover the mortgage principle payments and what's still owed for the
convention, and will be able to withdraw the contribution limits for the
two bequests held in trusts. These are shown in rows 46-48, and the cash
deficit, shown on row 50, is $205,266.

The Acct Detail worksheet has footnotes explaining the rationale for
each value. Column P (Class) shows which budget item on the Operating
Budget worksheet the value belongs to.

Projected office expenses are on the Office-Admin Exps worksheet. Salary
information is on another sheet that we will go over in executive
session during the meeting since it contains personal information.

-- 
Tim Hagan
Treasurer, Libertarian National Committee
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   A draft 2019 budget is attached in Excel and PDF formats. The PDF is in
   three files, one for each worksheet.
   As the LNC has done in the past, Adoption of 2019 Budget is in the
   agenda twice: Saturday afternoon and Sunday morning. Saturday afternoon
   we will go over the budget and entertain questions and amendments.
   Sunday can have more amendments as committee members mull over the
   budget overnight, concluding with a vote whether to adopt the budget.
   The first worksheet, Operating Budget, has the budget to be considered
   in column I, highlighted in blue. It also shows the amounts spent in
   2015, 2017, and extrapolated for 2018. The budget amounts are
   calculated from the values on the Account Detail sheet.
   Note on the Operating Budget sheet, row 45, that the budget has a
   $127,550 net deficit. The finances are done by the accrual method, so
   we have already booked the principle on the office, the bequests, and
   the 2018 convention expenses. For 2019, we will need additional cash to
   cover the mortgage principle payments and what's still owed for the
   convention, and will be able to withdraw the contribution limits for
   the two bequests held in trusts. These are shown in rows 46-48, and the
   cash deficit, shown on row 50, is $205,266.
   The Acct Detail worksheet has footnotes explaining the rationale for
   each value. Column P (Class) shows which budget item on the Operating
   Budget worksheet the value belongs to.
   Projected office expenses are on the Office-Admin Exps worksheet.
   Salary information is on another sheet that we will go over in
   executive session during the meeting since it contains personal
   information.

   --
   Tim Hagan
   Treasurer, Libertarian National Committee
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