[Lnc-business] Notice for Policy Manual Budget Motion

[Richard Longstreth]

I am of the thought that the proposed budget be submitted under the current
rules and the LNC works together to go beyond that if needed and prior to
passing. If the practice is not meeting the rule, perhaps that is partially
why we found ourselves in a hole this time last year and I suggest
submitting a new budget with a list of further considerations for the LNC
as a whole to work through.

The budget is supposed to be worked on and adjusted as needs and funds
arise. It is not meant to be proposed and passed blindly without
workshopping.

Richard Longstreth
Region 1 Representative (AK, AZ, CO, HI, KS, MT, NM, OR, UT, WA, WY)
Libertarian National Committee
richard.longstreth at lp.org
931.538.9300

Sent from my Mobile Device

On Mon, Nov 4, 2019, 18:00 Tim Hagan via Lnc-business <
lnc-business at hq.lp.org> wrote:

> 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.
>