[Lnc-business] Budget Policy Manual Change

[Tim Hagan]

I'm not asking for co-sponsors yet, but I believe that we need to change
Section 2.03, Subsection 3 - Budget of the Policy Manual. In part is
says, "No budget shall be submitted to the LNC for approval that exceeds
110% of the actual revenue over the immediate past 12 months prior to
the date of the budget approval." 

We violated this sentence almost every other year. Even-numbered year
budgets include convention revenue, which isn't in the odd-year budgets,
and can drive the even-year revenues to be above 10% more than the
odd-year revenues. 

Another problem with the sentence is that the submitted budget is
constrained by the immediate 12 months prior to the date of approval.
When the Executive Committee is developing the budget to submit, it
doesn't necessarily know the actual revenue for the month immediately
prior to approval. For example, the Executive Committee desires to draft
a budget in October to be considered for the November meeting. Nobody
will know the actual final October revenues yet. If, for some reason,
the budget gets delayed to an e-mail ballot, the date of the budget
approval could be in December, yet the Policy Manual requires the budget
submitted not to exceed 110% of the actual revenues from December 2018
to November 2019. We do our best to estimate based on the previous
months, but it's still an estimate. I guess we could use a Ouija board
or a TARDIS to get the actual October and November revenues, however a
TARDIS is expensive even to rent and Ouija have questionable accuracy. 

I'll throw this out for word-smithing before seeking co-sponsors. I
changed "of the budget approval" to " the budget is submitted", and put
in wording concerning convention revenues. 

No budget shall be submitted to the LNC for approval that exceeds 110%
of the actual revenue, not including convention revenue, over the
immediate past 12 months prior to the date the budget is submitted.
Budgeted convention revenue shall not exceed 110% of the revenue of the
immediately previous convention. 

-- 
Tim Hagan
Treasurer, Libertarian National Committee