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

[Tim Hagan]

Yes, we are in negative reserve territory. I've been looking at the
numbers and will write something up.

---
Tim Hagan
Treasurer, Libertarian National Committee 

On 2018-08-12 21:29, Caryn Ann Harlos wrote:

> Tim I have sat down with this a bit more - can you take a bit of time to extract out key figures that we need to know such as where we are on catching up with the budget deficit - and do I understand you correctly that we are in negative reserve territory? 
> 
> -Caryn Ann 
> 
> On Mon, Aug 6, 2018 at 10:38 PM, Tim Hagan via Lnc-business <lnc-business at hq.lp.org> wrote:
> 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

  -- 

-- 

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_
-------------- next part --------------
   Yes, we are in negative reserve territory. I've been looking at the
   numbers and will write something up.

   ---
   Tim Hagan
   Treasurer, Libertarian National Committee

   On 2018-08-12 21:29, Caryn Ann Harlos wrote:

   Tim I have sat down with this a bit more - can you take a bit of time
   to extract out key figures that we need to know such as where we are on
   catching up with the budget deficit - and do I understand you correctly
   that we are in negative reserve territory?

   -Caryn Ann

   On Mon, Aug 6, 2018 at 10:38 PM, Tim Hagan via Lnc-business
   <[1]lnc-business at hq.lp.org> wrote:

     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
     <[2]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


   --
   --
   In Liberty,
   Caryn Ann Harlos
   Libertarian Party and Libertarian National Committee Secretary
   - [3]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

References

   1. mailto:lnc-business at hq.lp.org
   2. mailto:lnc-business at hq.lp.org
   3. mailto:Caryn.Ann.Harlos at LP.org