[Lnc-business] Draft 2019 Budget

[Tim Hagan]

I did see one expense that can be changed. The Ballot Access Committee 
report requested $50,000 for 2019 ballot access. The draft budget 
allocated $110,000, so this can be lowered to $50,000.

---
Tim Hagan
Treasurer, Libertarian National Committee

On 2018-11-26 07:54, Justin O'Donnell via Lnc-business wrote:
> I was concerned when reading the same thing. As things stand, I would
> be opposed to adopting a budget with a planned deficit. Perhaps it
> would be prudent for everyone to take some time reviewing the budget,
> and identifying things they would suggest reducing in order to
> eliminate the deficit.
> 
> ---
> Yours in Liberty,
> 
> Justin O'Donnell
> LNC Region 8 Representative
> LPNH Alternate- LNC Platform Committee
> Chair- LPNH Platform Committee
> Candidate for US Congress, NH-2
> www.odonnell2018.org
> 
> On 2018-11-26 09:15, Joe Bishop-Henchman via Lnc-business wrote:
>> 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