[Lnc-business] March End-of-Month Financial Reports

[Tim Hagan]

The March End-of-Month Financial Reports are attached. 

The Policy Manual, page 7, says:  "Reserve" is calculated as the total
cash balance less the sum of all restricted funds and accounts payable
at month end. 

The reserve formula in these reports was changed to match this Policy
Manual definition. It no longer includes Prepaid Expenses nor Deferred
Revenue. Including the Prepaid Convention Expenses and Deferred
Convention Revenue in the formula should require a change to the Policy
Manual. Other Accrued Expenses are essentially the same as accounts
payable, so I included them in the formula. The reserve for March is
calculate from numbers on pages 9 and 10 thusly: 

Reserve = Total Cash - (Temp. Restricted Balances + Accounts Payable +
Other Accrued Expenses) 

     = 34168.75 - (13706.53 + 8471.70 + 13872.50) 

     = -1881.98 

I updated the reserve chart on the bottom of page 3 to show the reserve
for the past two years using this formula. 

---
Tim Hagan
Treasurer, Libertarian National Committee
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