<p dir="ltr">What does unrestricted cash on hand mean? If money is budgeted for a certain use, but no expense has been incurred, is that money then considered restricted? If so, what would be needed to unrestrict it? If not, are we at risk of not paying our bills? Does the party have open lines of credit? </p>
<p dir="ltr">Finally, given this situation, how can we cut costs associated with our upcoming meeting? </p>
<p dir="ltr">Joshua Katz </p>
<div class="gmail_quote">On Jul 24, 2014 5:05 PM, "Alicia Mattson" <<a href="mailto:agmattson@gmail.com">agmattson@gmail.com</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr"><div>I inquired about our cash flow status, since things looked very tight at the end of May and I don't think I have seen June financials yet. Robert Kraus provided me the following information, indicating that our cash flow has gotten worse since May:<br>
<br><div style="margin-left:40px">Current unrestricted cash on hand is $110k. We are looking at the
following upcoming expenses: $26k in ballot access obligations for LPIL
and LPKY, Payroll $18k, Hyatt Columbus (estimated) $90k, Credit Card
$21k (mostly convention related). That's a total of $155. That would be a
cash shortfall of -$45k. I think if funds come in as they've been the
last week or so we can cover this over a period of a couple weeks and I
can delay some of the payment to Hyatt. Also NY has generously agreed to
spread their obligation over a 6 week period but that still doesn't
leave us any wiggle room for any additional expenses until at least
Sept/Oct.<br></div><br></div><div>We're currently in a financial hole. In June of 2010 (a comparable point in our 4-year financial cycle), we were approximately $200k better off in terms of cash flow. I believe some contributing factors to be the fact that we hired a political director with "savings" from buying a building, but we hired the position a year before we actually bought a building and moved in so as to achieve any savings. The building fundraising efforts seriously cannibalized our general fundraising efforts. We have a political director and own a building now, but we left ourselves in bad financial shape.<br>
</div><div><br></div><div>We need to be building the warchest to get our 2016 presidential candidate on the ballot, so on tonight's call I will be asking questions like:<br></div><div><br>1) Given how many of our affiliates currently have 2016 ballot access, what is the ballpark estimate of what we'll have to spend in the 2016 cycle to get our presidential ticket on in the other states?<br>
<br></div><div>2) Looking at historical data in NH for LP U.S. Senate candidates, what baseline % does the typical paper candidate get? What has been the maximum an LP U.S. Senate candidate has gotten there in the recent past? In other words, has presidential ballot access been successfully obtained this way in the past, or is this a hail-Mary?<br>
<br></div><div>3) What is the state party doing to contribute to this candidate's ballot access effort? Funds? Volunteer signatures? Etc.<br><br></div><div>-Alicia<br><br></div><div><div><br></div></div></div><div class="gmail_extra">
<br><br><div class="gmail_quote">On Thu, Jul 24, 2014 at 12:19 PM, Alicia Mattson <span dir="ltr"><<a href="mailto:agmattson@gmail.com" target="_blank">agmattson@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr"><div>Robert Kraus provided me with the call-in details for tonight's Executive Committee teleconference regarding NH ballot access as follows:<br><br></div>Meeting Time: 9:30 Eastern / 6:30 Pacific<br>
<div>
<br><p class="MsoNormal">Guest Instructions</p>
<p class="MsoNormal">Dial-in: <a href="tel:1%20%28217%29%20258-5588" value="+12172585588" target="_blank">1 (217) 258-5588</a></p>
<p class="MsoNormal">International Dial-in: 00 <a href="tel:%2B%201%20%28217%29%20258-5588" value="+12172585588" target="_blank">+ 1 (217) 258-5588</a></p>
Guest Pin Code: 207730<span><font color="#888888"><br><br></font></span></div><span><font color="#888888"><div>Alicia Mattson<br></div><div>LNC Secretary<br></div><div><br><br></div></font></span></div>
<div><div><div class="gmail_extra"><br><br><div class="gmail_quote">On Thu, Jul 24, 2014 at 6:53 AM, Nicholas Sarwark <span dir="ltr"><<a href="mailto:chair@lp.org" target="_blank">chair@lp.org</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">All,<br>
There will be an Executive Committee conference call tonight at 9:30<br>
pm EST to discuss spending ballot access funds to petition to put<br>
Gardner Goldsmith from the Libertarian Party of New Hampshire on the<br>
ballot.<br>
<br>
Wes or Robert will follow-up with the call-in details.<br>
<br>
-Nick<br>
<br>
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