[Lnc-business] Draft 2019 Budget

[Joe Bishop-Henchman]

Here in DC we call that a savings!

JBH

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

On 2018-11-26 13:23, Tim Hagan via Lnc-business wrote:
> 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