[Lnc-business] [COC 2018-20] March End-of-Month Financial Reports

[Caryn Ann Harlos]

Sounds pretty disastrous.  Of course some people will allow the Party to
keep the funds.  But that cannot be counted on.

*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 Sat, May 2, 2020 at 12:54 AM Alicia Mattson via Lnc-business <
lnc-business at hq.lp.org> wrote:

> Have we not yet received the Omni deposit back?  If we have, it would
> already be in the cash balance.
>
> Other past banquet fundraising figures I have are:
> 2008 - $61,961
> 2010 - $61,750
> 2012 - $38,074
> 2014 - $23,029
> 2016 - $105,961
> 2018 - $58,160
>
> -Alicia
>
>
> On Fri, May 1, 2020 at 8:00 PM Tim Hagan via Conventions <
> conventions at hq.lp.org> wrote:
>
> > I got corrected by COC members. If the convention is canceled,
> > Convention Theme Contest donors and other unrestricted
> > convention-related donations could ask for rebates. This amounts to
> > $31,291. If 90% ask for refunds, another $28,162 would need to be taken
> > from the unrestricted funds to pay for the refunds.
> >
> > The 2016 Banquet/Gala fundraising raised $105,961. I don't have the
> > amount raised for other presidential-election years handy.
> >
> >
> > ---
> > Tim Hagan
> > Treasurer, Libertarian National Committee
> >
> > On 2020-05-01 18:45, Sam Goldstein wrote:
> > > Tim,
> > >
> > > Thanks for the concise summary of our current financial position in
> > > regards to the convention.  Alternatively, can you also let us know
> > > how much was raised at the past several POTUS Convention
> > > Banquets/Galas that we would forego if we don't have an in person
> > > convention?
> > >
> > > Live Free,
> > >
> > > ---
> > > Sam Goldstein, At Large Member
> > > Libertarian National Committee
> > > 317-850-0726 Cell
> > >
> > > On 2020-05-01 21:20, Tim Hagan wrote:
> > >> Convention Packages, Gala, Suites & Room Rentals, Welcome Committee,
> > >> and Training Revenues are $302,942.
> > >>
> > >> Assuming 90% will need to be refunded, the LNC would need $272,648 to
> > >> pay the refunds.
> > >>
> > >>
> > >> The LNC should get back the deposits paid for the event at the Omni
> > >> and for audio/video if its contract is terminated under the force
> > >> majeure clause.
> > >>
> > >> Convention Funds in Restricted Acct: $209,130
> > >> Refund from A/V Vendor:               $40,000
> > >> Refund from the Omni:                  $3,500
> > >>                                       =======
> > >> Total Funds and refunds available:   $252,630
> > >>
> > >>
> > >> The LNC will need another $20,018 to pay the refunds. This would have
> > >> to come from the unrestricted accounts, which have $66,300 available.
> > >>
> > >>
> > >> Please note:
> > >>
> > >> If an in-person convention is not held, we will need to pay any costs
> > >> for an on-line convention or polling of the delegates, and that would
> > >> need to come out of the unrestricted funds.
> > >>
> > >> Unlike package sales or room rentals, donors to the Convention Theme
> > >> Contest were not expecting to get goods or services in return. This
> > >> analysis assumes donations to the Convention Theme Contest will not be
> > >> refunded.
> > >>
> > >> ---
> > >> Tim Hagan
> > >> Treasurer, Libertarian National Committee
> > >>
> > >> On 2020-04-27 16:12, Sam Goldstein wrote:
> > >>> Mr. Hagan,
> > >>>
> > >>> Assuming we do not have a National Convention this year and 90% of
> > >>> all
> > >>> convention revenue to date is refunded to the contributors, what
> > >>> would
> > >>> be the financial impact on the party?  Are there adequate funds in
> > >>> the
> > >>> Convention Restricted account as of April 27, 2020 to pay those
> > >>> refunds?  If not where will the additional money come from to take
> > >>> care of those liabilities?
> > >>>
> > >>> I would appreciate answers to these questions prior to the LNC
> > >>> meeting
> > >>> scheduled for May 2nd at Noon Eastern Time.
> > >>>
> > >>> Thanks and
> > >>>
> > >>> Live Free,
> > >>>
> > >>> ---
> > >>> Sam Goldstein, At Large Member,
> > >>> Libertarian National Committee
> > >>> Convention Oversight Committee
> > >>> 317-850-0726 Cell
> > >>>
> > >>> On 2020-04-27 18:54, Tim Hagan via Lnc-business wrote:
> > >>>> The March End-of-Month Financial Reports are attached. Membership
> > >>>> dues
> > >>>> and donations are a under budget by $24,773 and $88,899 respectfully
> > >>>> for
> > >>>> the year-to-date.
> > >>>>
> > >>>> The way things have shifted during the past month and a half, I
> > >>>> expect
> > >>>> that eventually we may need to shift money from Ballot Access
> > >>>> petitioning to Litigation.
> > >>>>
> > >>>> ---
> > >>>> Tim Hagan
> > >>>> Treasurer, Libertarian National Committee
> > _______________________________________________
> > Conventions mailing list
> > Conventions at hq.lp.org
> > http://hq.lp.org/cgi-bin/mailman/listinfo/conventions
> >
>