[Lnc-business] Notice for Policy Manual Budget Motion

[Sam Goldstein]

Richard,

The Executive Committee spent two hours going over and making changes to 
the proposed budget that you see prior to last weekend's LNC meeting.

I see no problem in correcting language in the Policy Manual that has 
been de facto ignored for several years as our cycle of income and 
expenses has developed over the past decade or so.  I would guess we 
will address this prior to considering the budget so all should be good.

---
Sam Goldstein
Libertarian National Committee
317-850-0726 Cell

On 2019-11-05 06:36, Richard Longstreth via Lnc-business wrote:
> 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.
>>