[Lnc-business] Two motions to amend the budget

[Lauren Daugherty]

Good morning, Richard,

On the first motion: We need a new copier, badly. Our current one breaks 
on a regular basis and this has a real cost in staff time. Robert has 
done a great job looking for a better copier that will suit our needs, 
save us time, and be cost effective.

On the second motion: We have been making great progress financially but 
there is no substantial change in forecast for fundraising. I will 
continue to be very leery about our adding new expenses and financial 
obligations until we have built a healthy financial reserve, but based 
on the info I have about our fundraising and finances, I think we can 
afford that $4k. I have no opinion about changing a corresponding 
fundraising/revenue line item to balance things.

Lauren Daugherty
Interim Executive Director
Libertarian National Committee

On 3/4/2019 6:00 AM, Richard Longstreth via Lnc-business wrote:
> The first motion seems fairly fiscally neutral if you factor in monthly
> costs going away. Am I mistaken there?
>
> The second motion is somewhat of a necessity. Has our fundraising outlook
> changed or do we need to adjust another budget line to stay balanced if
> this motion passes?
>
> On Mon, Mar 4, 2019 at 12:47 AM Tim Hagan via Lnc-business <
> lnc-business at hq.lp.org> wrote:
>
>> I will have two motions to amend the budget during the Treasurer Report
>> of the upcoming meeting.
>>
>> First is to increase the Capital Expenses by $7,500 for the purpose of
>> purchasing a replacement copier and to decrease the 40-Administration
>> Costs line by $5,000. Capital Expenses will become $52,716 and
>> 40-Administration Costs will become $298,700.
>>
>> The lease on the copier expires at the end of May. Mr. Kraus has been
>> working with copier vendors, and has a quote to purchase a Kon Minolta
>> Bizhub copier for $7,306. Its brochure is attached. This copier is an
>> upgrade from the current copier, can handle a higher volume, and has
>> more features such as multi-page tri-folding. The monthly service/supply
>> cost for our typical usage will drop from $649 to $231. The lease on the
>> current copier is $508.24 per month. The decrease in Administration
>> Costs is for these savings from June through December, minus
>> depreciation on the copier.
>>
>> The second motion is to increase 75-Litigation by $4,000, making it
>> $18,500. This is to pay for the taxed costs resulting from the lawsuit
>> against Kentucky Educational Television (KET) over their debate
>> criteria, which the LNC lost.
>>
>> --
>> Tim Hagan
>> Treasurer, Libertarian National Committee