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

Caryn Ann Harlos caryn.ann.harlos at lp.org
Wed Aug 15 22:55:15 EDT 2018


Thank you, I may have further questions once I digest that

-Caryn Ann


On Wed, Aug 15, 2018 at 7:59 PM Tim Hagan via Lnc-business <
lnc-business at hq.lp.org> wrote:

>    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
>
-- 
-- 
*In Liberty,*
*Caryn Ann Harlos*
Libertarian Party and Libertarian National Committee Secretary - Caryn.Ann.
Harlos at LP.org <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 --------------
   Thank you, I may have further questions once I digest that

   -Caryn Ann

   On Wed, Aug 15, 2018 at 7:59 PM Tim Hagan via Lnc-business
   <[1]lnc-business at hq.lp.org> wrote:

        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][2]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][3]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:[4]lnc-business at hq.lp.org
        2. mailto:[5]lnc-business at hq.lp.org
        3. mailto:[6]Caryn.Ann.Harlos at LP.org

   --

   --
   In Liberty,
   Caryn Ann Harlos
   Libertarian Party and Libertarian National Committee Secretary
   - [7]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:lnc-business at hq.lp.org
   4. mailto:lnc-business at hq.lp.org
   5. mailto:lnc-business at hq.lp.org
   6. mailto:Caryn.Ann.Harlos at LP.org
   7. mailto:Caryn.Ann.Harlos at LP.org


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