[Lnc-business] Proposed Budget for 2020

[Joe Bishop-Henchman]

Thank you, Tim!

If the reports from the convention committee, ballot access committee, 
affiliate support committee, candidate support committee, and IT 
committee will not already have line-by-line breakdowns of their 
projected expenses, I'd appreciate receiving copies of those soon from 
those respective committees. I'm going to be reviewing this in more 
detail this coming Sunday.

JBH

------------
Joe Bishop-Henchman
LNC Member (At-Large)
joe.bishop-henchman at lp.org
www.facebook.com/groups/189510455174837

On 2019-11-03 20:18, Tim Hagan via Lnc-business 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.