[Lnc-business] Fwd: Emailing: 2018-06-Staff-End-of-Month-Reports-Draft-1.pdf

[Tim Hagan]

The target reserve is one month's occupancy, labor, and governance 
expenses, which is $52,892.

---
Tim Hagan
Treasurer, Libertarian National Committee

On 2018-08-06 21:34, Caryn Ann Harlos wrote:
> Tim, what are our required reserves?
> 
> -Caryn Ann
> 
> On Mon, Aug 6, 2018 at 10:23 PM, Tim Hagan via Lnc-business
> <lnc-business at hq.lp.org> wrote:
>> The June End-of-Month Financial Reports are attached.
>> 
>> 
>> The first graph on page 3 shows the revenue and expenses. The huge 
>> jump in
>> both is due to the convention being booked in June. The third graph 
>> shows
>> the reserve, which has dropped to -$14,500.
>> 
>> 
>> Page 5 shows the revenues and expenses for the month and year-to-date 
>> for
>> each budget line item. The Budget Year to Date column assumes equal 
>> amounts
>> each month, except for the Convention lines, which have their budget 
>> being
>> in June.
>> 
>> The Convention Expenses went over budget, as did the Convention 
>> Revenue, due
>> to its record attendance. I will follow up with a request for a motion 
>> to
>> increase Convention Revenues and Convention Expenses by $130,000. The
>> Convention fundraising does not include $39,400 in "Memberships" or 
>> "CRM"
>> donations received at the convention during July and will be booked in 
>> July.
>> 
>> 
>> Pages 7-9 give the Profits and Losses on more detailed categories.
>> 
>> 
>> Assets and liabilities are summarized on page 4, third table, with 
>> details
>> on pages 10 and 11.
>> 
>> 
>> ---
>> Tim Hagan
>> Treasurer, Libertarian National Committee
> 
> 
> 
> --
> --
> In Liberty,
> Caryn Ann Harlos
> Libertarian Party and Libertarian National Committee Secretary -
> Caryn.Ann. Harlos at LP.org or Secretary at LP.org.
> Chair, LP Historical Preservation Committee - LPedia at LP.org
> 
> A haiku to the Statement of Principles:
> We defend your rights
> And oppose the use of force
> Taxation is theft