[Lnc-business] Proposed Budget for 2020

[Tim Hagan]

Footnotes (u) and (v) were added, and I did not go back to review the 
print area before printing to a PDF. My mistake. For those who cannot 
open the Excel files, these footnotes are:
(u) Principal on mortgage payment schedule
(v) Based on current trend minus $70,000.

I don't see the difference on line 4106 - Campus Outreach. It's $0 on 
both versions I have.

The new donor revenues (lines 4010-30, 4030-30, 4040-30) are based on 
the average of 2016 and 2018, the last two election years. We used these 
historical numbers and not a 33% projected membership increase.


Line 7010-10 is based on the 2018 number of $72,600 plus the Development 
team contracts, since this was the best fit of which functional area to 
put Development.
Line 7010-20 is the revenue for Jan-Sep 2019 multiplied by 12/9 to 
extrapolate out to the expected revenue for 2019.
Line 7010-30 is the average revenue for 2016 and 2018.
Line 7010 - Direct Mail Fundraising Expenses is the sum of 7010-10, 
7010-20, and 7010-30.

Lines 7200-10 and 7200-15 sum up to the expected convention expenses 
from the Convention Oversight Committee. Audio-Video expenses will be 
higher at the 2020 convention than it has been in previous conventions. 
That committee would have more details on the convention expenses.

Line 7310 - Affiliate Development is $56,000 for labor, $30,000 for the 
CRM, and $4000 for other expenses.

Line 7360 - Campaign/Candidate Support has $10,000 for direct 
contributions to candidates; $81,300 labor for candidate recruitment, 
support, and canvassing contractors; and the rest to provide candidate 
training & support.

Line 7375 - Branding/Political Materials is the average of 2016 & 2018 
branding revenue.

Line 7380-10 - Ballot Access Petitioning Expenses is for paying ballot 
access petitioners. The Ballot Access Committee has the breakdown of 
which states will require LNC assistance. Signs are that the cost per 
signature will be higher next year than it was in previous elections.

Line 8190 - Software, Hardware & Other IT is from the IT Committee 
estimate of $6000/month, based on current spending.


---
Tim Hagan
Treasurer, Libertarian National Committee

On 2019-11-01 16:28, Joe Bishop-Henchman wrote:
> Thank you! This is good stuff.
> 
> I'd like to request a narrative or detailed breakdown of the very
> large (6-digit or close to it) expense items, such as 7010, 7200,
> 7310, 7360, 7380, 8190.
> 
> Also, the Excel version and the PDF version amounts do not line up for
> 4106. The PDF version also leaves out footnotes (u) and (v), but these
> are in the Excel version.
> 
> A more substantive question is how much of the projected revenue
> increase is derived from the projected 33% increase in membership?
> 
> I imagine some of it includes pay information so it shouldn't be sent
> on list and I'll keep that part confidential.
> 
> Please don't interpret me sending this Friday night as needing this
> information ASAP. No rush.
> 
> JBH
> 
> ------------
> Joe Bishop-Henchman
> LNC Member (At-Large)
> joe.bishop-henchman at lp.org
> www.facebook.com/groups/189510455174837
> 
> On 2019-10-31 18:59, Tim Hagan via Lnc-business wrote:
>> On behalf of the Executive Committee, a proposed 2020 budget to be
>> considered at the November 16-17 meeting is attached in both Excel and
>> PDF. The budget is highlighted in cyan on the Operating Budget sheet.
>> The numbers come from the Acct Detail sheet. An additional sheet 
>> having
>> employee and contractor salary information, which we've always
>> considered confidential, will be presented at the meeting.
>> 
>> Total support and revenues is $2,343,400. Total cost of support and
>> revenues is $855,700. Total program expenses is $1,487,700. This 
>> budget
>> is balanced, that is no surplus nor deficit.
>> 
>> We expect capital expenditures of $7,300 and will pay $26,434 toward 
>> the
>> principal in the mortgage payments. Will receive $48,546 from the
>> bequests held in escrow. These give a Unrestricted Operating Surplus 
>> (I
>> think of it like a cash surplus) of $14,812.
>> 
>> The total revenues are higher than 2018, but not as high as 2016, 
>> which
>> was an exceptional year. Should be helped by having a development 
>> team.
>> 
>> Except for the portions going to administration work, the pay to
>> contractors show up on the appropriate functional lines on the Acct
>> Detail sheet. In particular, lines 7010-10 (Development), 7310
>> (Affiliate Development), 7340 (Media Relations & Press Releases), and
>> 7360-40 (Candidate Support & Training) include contractors.