[Lnc-business] Fwd: Emailing: 2018-06-Staff-End-of-Month-Reports-Draft-1.pdf
Tim Hagan
tim.hagan at lp.org
Wed Aug 15 21:59:27 EDT 2018
I compared the June Profit & Loss Accounting Details (pages 7-9 in the
Financial Reports) with the numbers used last December to develop the
budget, to see which revenues and expenses had the largest deviations,
besides the Convention. The expenses are mostly under budget. The
revenues that stand out the most are Recurring Contributions (monthly
pledges), Direct Solicitations, Ballot Access/Voter Registration
Fundraising, and to a lesser extent Branding.
Branding was budgeted to be balanced, with revenues and expenses both
being $125,000. The actual numbers are showing a loss of $13,000.
We budgeted $60,000 direct solicitations this year from the LNC members,
Chair, and ED. So far, $2962 has been raised.
We have raised $40,319 from fundraising targeted for ballot access. The
budget was for $76,600 by the end of June ($153,200 for the year).
Recurring contributions had a 14.8% growth from 2016 to 2017. Our budget
expected this growth to continue. Instead, they are down 24.1% compared
to last year. This year has $175,849. The budget was for $231,700 by the
end of June ($463,400 for the year), so we are short $55,850. I graphed
the amounts taken in each month from the monthly pledges for the past 6
1/2 years to look at the trend. The graph is attached. June 2016 had a
14.4% increase, and July 2016 had a 4.3% increase. The June & July 2016
increase made the annual numbers increase from 2015 to 2016 and from
2016 to 2017. However, after peaking in August 2016, the monthly pledges
generally dropped until January 2018, with a 7% decrease in June 2017.
The recurring contributions have increased this year, but not yet to the
levels during July 2016 to May 2017. I have my hypotheses of what
contributed to these two swings in monthly pledges (June 2016 and June
2017), but have no data to support them.
---
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 --------------
I compared the June Profit & Loss Accounting Details (pages 7-9 in the
Financial Reports) with the numbers used last December to develop the
budget, to see which revenues and expenses had the largest deviations,
besides the Convention. The expenses are mostly under budget. The
revenues that stand out the most are Recurring Contributions (monthly
pledges), Direct Solicitations, Ballot Access/Voter Registration
Fundraising, and to a lesser extent Branding.
Branding was budgeted to be balanced, with revenues and expenses both
being $125,000. The actual numbers are showing a loss of $13,000.
We budgeted $60,000 direct solicitations this year from the LNC
members, Chair, and ED. So far, $2962 has been raised.
We have raised $40,319 from fundraising targeted for ballot access. The
budget was for $76,600 by the end of June ($153,200 for the year).
Recurring contributions had a 14.8% growth from 2016 to 2017. Our
budget expected this growth to continue. Instead, they are down 24.1%
compared to last year. This year has $175,849. The budget was for
$231,700 by the end of June ($463,400 for the year), so we are short
$55,850. I graphed the amounts taken in each month from the monthly
pledges for the past 6 1/2 years to look at the trend. The graph is
attached. June 2016 had a 14.4% increase, and July 2016 had a 4.3%
increase. The June & July 2016 increase made the annual numbers
increase from 2015 to 2016 and from 2016 to 2017. However, after
peaking in August 2016, the monthly pledges generally dropped until
January 2018, with a 7% decrease in June 2017. The recurring
contributions have increased this year, but not yet to the levels
during July 2016 to May 2017. I have my hypotheses of what contributed
to these two swings in monthly pledges (June 2016 and June 2017), but
have no data to support them.
---
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
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