[Lnc-business] Proposed Budget for 2020

[Tim Hagan]

The most recent are the ones sent Halloween with filenames having Draft 
3a:  LNC_Budget_2020_Draft3a-102619.xlsx, and three PDFs starting with 
2020 Budget Draft 3a.

---
Tim Hagan
Treasurer, Libertarian National Committee

On 2019-11-13 21:29, Caryn Ann Harlos via Lnc-business wrote:
> Mr. Hagan, are these the most recent documents attached?
> 
> *In Liberty,*
> 
> * Personal Note:  I have what is commonly known as Asperger's Syndrome
> (part of the autism spectrum).  This can affect inter-personal
> communication skills in both personal and electronic arenas.  If anyone
> found anything offensive or overly off-putting (or some other social 
> faux
> pas), please contact me privately and let me know. *
> 
> 
> 
> On Fri, Nov 8, 2019 at 10:20 AM Joe Bishop-Henchman via Lnc-business <
> lnc-business at hq.lp.org> wrote:
> 
>> 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.
>>