[Lnc-business] Proposed Budget for 2020

[Richard Longstreth]

Fantastic work. I am working through it this week.

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 Sun, Nov 3, 2019, 18:18 Tim Hagan via Lnc-business <
lnc-business at hq.lp.org> wrote:

> 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.
>