[Lnc-business] Notice for Policy Manual Budget Motion

Tim Hagan tim.hagan at lp.org
Mon Nov 4 20:00:15 EST 2019


No, it will not. The proposed budget has revenues of $2,343,400. The
existing policy requires the submitted budget's revenues be no more than
around $1,500,000, depending on what the October 2019 revenues were,
which we don't have yet. The proposed budget has convention revenues of
$353,000, and we had no convention revenues booked for the last twelve
months since they get booked when the convention occurs. The proposed
budget has ballot access donations of $149,800, and we've received
$34,571 ballot access revenues the past twelve months. These two and
branding/political materials revenue change drastically between
odd-numbered years and Presidential-election years. We have not been in
compliance with the policy on almost all even-numbered years' budgets. 

---
Tim Hagan
Treasurer, Libertarian National Committee 

On 2019-11-04 14:07, Justin O'Donnell via Lnc-business wrote:

> Tim, 
> 
> Quick question, would the current proposed budget for 2020 be in compliance with the exiating policy manual without this Amendment? 
> 
> Justin O'Donnell
> LNC Region 8 Representative 
> 
> On Nov 4, 2019 3:52 PM, Tim Hagan via Lnc-business <lnc-business at hq.lp.org> wrote:
> 
>> OK. 
>> 
>> --- 
>> Tim Hagan 
>> Treasurer, Libertarian National Committee 
>> 
>> On 2019-11-04 12:49, Sam Goldstein wrote: 
>>> Tim, 
>>> 
>>> I move to amend the phrase "Presidential-midterm" to just "midterm". 
>>> Otherwise it sounds confusing. 
>>> 
>>> --- 
>>> Sam Goldstein 
>>> Libertarian National Committee 
>>> 317-850-0726 Cell 
>>> 
>>> On 2019-11-04 15:45, Tim Hagan via Lnc-business wrote: 
>>>> The Policy Manual Section 2.03, Subsection 3 - Budget (page 31) in 
>>>> part 
>>>> 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." 
>>>> 
>>>> With a convention, ballot access expenses, and higher general interest 
>>>> in politics, the revenues and expenses during Presidential-election 
>>>> years are quite different from odd-numbered years, and mid-term years 
>>>> are somewhat in between them. 
>>>> 
>>>> At the meeting, either during the Treasurer Report or as New Business, 
>>>> I 
>>>> will be moving to amend this paragraph to read: 
>>>> 
>>>> No budget for an odd-numbered year shall be submitted to the LNC for 
>>>> approval that exceeds 110% of the actual revenue of the most previous 
>>>> odd-numbered year. No budget for a Presidential-election year shall be 
>>>> submitted to the LNC for approval that exceeds 110% of the actual 
>>>> revenue of the most previous Presidential-election year. No budget for 
>>>> a 
>>>> Presidential-midterm year shall be submitted to the LNC for approval 
>>>> that exceeds 110% of the actual revenue of the most previous 
>>>> Presidential-midterm year.


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