[Lnc-business] Draft 2019 Budget

[Joe Bishop-Henchman]

I look forward to more information on the draft budget as we get closer 
to the meeting. From my initial read, and I'm happy to be corrected, it 
looks like despite a significant projected increase in Board-solicited 
major gifts, and a significant wringing out of discretionary expenses, 
we're projected to be in a six-digit negative cash flow situation.

JBH

------------
Joe Bishop-Henchman
LNC Member (At-Large)
joe.bishop-henchman at lp.org
www.facebook.com/groups/189510455174837

On 2018-11-25 03:27, Tim Hagan via Lnc-business wrote:
> 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