[Lnc-business] Budget Policy Manual Change

[Caryn Ann Harlos]

I’d like to hear Ms Mattson’s thoughts.

On Fri, Sep 27, 2019 at 4:16 PM Tim Hagan via Lnc-business <
lnc-business at hq.lp.org> wrote:

> 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
>
-- 

*In Liberty,*

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