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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoPlainText>Hello Tim . . .<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>Please advise if the following statements are not correct:<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='mso-list:Ignore'>1><span style='font:7.0pt "Times New Roman"'> </span></span><![endif]>The "Statement of Operations" is essentially the equivalent of what is normalloy called an "Income / Expense Report".<o:p></o:p></p><p class=MsoPlainText style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='mso-list:Ignore'>2><span style='font:7.0pt "Times New Roman"'> </span></span><![endif]>On the report provided, the “Surplus/Deficit” category of the bottom line includes some $234,408 of building fund revenues, and<o:p></o:p></p><p class=MsoPlainText style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='mso-list:Ignore'>3><span style='font:7.0pt "Times New Roman"'> </span></span><![endif]>The reported “Surplus/Deficit” for Jan-Nov 2013 is not really $172,650, but from an Operations point of view is really <span style='color:red'>($61,758)</span>.<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>Being a relatively accounting novice, I would appreciate a standard operating “Income/Expense Statement” which does not include any designated funds; i.e. a document which describes our basic operations.<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>Norm<o:p></o:p></p><p class=MsoPlainText>--<o:p></o:p></p><p class=MsoPlainText>Norman T Olsen<o:p></o:p></p><p class=MsoPlainText>Regional Representative, Region I<o:p></o:p></p><p class=MsoPlainText>Libertarian National Committee<o:p></o:p></p><p class=MsoPlainText>7931 S Broadway, PMB 102<o:p></o:p></p><p class=MsoPlainText>Littleton, Colorado 80122-2710<o:p></o:p></p><p class=MsoPlainText>303-277-9967<o:p></o:p></p><p class=MsoPlainText>Norman.Olsen@lp.org<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>"First they ignore you, then they ridicule you, then they fight you, then you win." -- Gandhi<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>-----Original Message-----<br>From: Lnc-business [mailto:lnc-business-bounces@hq.lp.org] On Behalf Of Timothy Hagan<br>Sent: Saturday, January 04, 2014 1:09 PM<br>To: LNC Business<br>Subject: [Lnc-business] Fwd: EOM for Nov-13</p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>The November end-of-month financial reports are attached. I apologize for the delay. Where I was staying during the holidays does not have Internet connection.<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>Tim Hagan<o:p></o:p></p></div></body></html>