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    <p>Joshua,</p>
    <p>Regarding #1, there are a few new products added to inventory
      this year that probably have impacted the reported expenses
      outrunning revenues a bit: <br>
    </p>
    <p><a class="moz-txt-link-freetext" href="https://lpstore.org/product/battery-backup/">https://lpstore.org/product/battery-backup/</a><br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/usb-drive/">https://lpstore.org/product/usb-drive/</a><br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/dont-blame-me-bumper-sticker/">https://lpstore.org/product/dont-blame-me-bumper-sticker/</a><br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/dont-spy-on-me-t-shirt/">https://lpstore.org/product/dont-spy-on-me-t-shirt/</a><br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/womens-scoop-neck/">https://lpstore.org/product/womens-scoop-neck/</a><br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/taxation-is-theft-t-shirt/">https://lpstore.org/product/taxation-is-theft-t-shirt/</a><br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/im-with-her-t-shirt/">https://lpstore.org/product/im-with-her-t-shirt/</a><br>
      plus some expenses for a 2'x8' banner that hasn't been posted yet
      and a small run of convention shirts. <br>
    </p>
    <p>Products we price below the price we sometimes pay to vendors for
      batches:<br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/door-hanger-quiz/">https://lpstore.org/product/door-hanger-quiz/</a><br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/what-is-the-lp-rack-card/">https://lpstore.org/product/what-is-the-lp-rack-card/</a><br>
      <a class="moz-txt-link-freetext" href="https://lpstore.org/product/yes-join-the-lp-rack-card/">https://lpstore.org/product/yes-join-the-lp-rack-card/</a></p>
    <p>Regarding #2: <br>
    </p>
    <p>We did a budget that automatically adjusted the budget for
      branding in 2016. It basically worked, but made accounting a bit
      complicated, was error prone, and made reporting our budget
      complicated. "What's our total budgeted revenue for 2016? Changes
      every time someone makes a purchase at LPStore.org."</p>
    <p>To simplify things, for 2018 I prefer a simple treatment in the
      budget along the lines of a simple revenue and expense number such
      as $100,000 for revenue, and $100,000 for expenses, but then
      similar to the way you add a proviso to ballot access spending,
      tack on a proviso that branding expenses should not exceed
      branding revenue by more than $15,000. <br>
    </p>
    <p>Keep in mind that while LPStore.org purchases and sales are the
      bulk of those budget lines, other activities can get booked to the
      branding expense and revenue budget lines, such as graphic design
      work for branding.</p>
    <p>For the 2017 budget, I think Robert and I originally proposed
      $50,000, but the budget adopted had the unrealistically low
      $30,000, which is why we've had to adjust the line this year a
      time or three. <br>
    </p>
    <p><br>
    </p>
    <div class="moz-signature">Wes Benedict, Executive Director<br>
      <small><small>Libertarian National Committee, Inc.<br>
          <b>New address: 1444 Duke St., Alexandria, VA 22314</b><br>
          (202) 333-0008 ext. 232, <a class="moz-txt-link-abbreviated" href="mailto:wes.benedict@lp.org">wes.benedict@lp.org</a><br>
          facebook.com/libertarians @LPNational<br>
          Join the Libertarian Party at: <a class="moz-txt-link-freetext" href="http://lp.org/membership">http://lp.org/membership</a></small></small><br>
      <br>
    </div>
    <div class="moz-cite-prefix">Joshua Katz wrote on 11/3/2017 11:23
      PM:<br>
    </div>
    <blockquote type="cite"
cite="mid:CAG3paORAZhnpsamfsMsc2h7CBrmY87An5QUrS+5Zp7Nz8O_s8Q@mail.gmail.com">
      <div dir="ltr">I will support this, of course.  I have two
        questions, one for Tim and one for the LNC in general:
        <div><br>
        </div>
        <div>1.  I know we generally sell items at close to cost,
          because the main goal is getting our name out.  For the same
          reason, I'm not opposed to selling things below cost, at
          times.  I just am curious what the source of the difference is
          - is it inventory, or are we selling some things below cost?</div>
        <div><br>
        </div>
        <div>2.  General question: is there any taste on the LNC for a
          pegged budgeting system for these sorts of matched lines?  My
          thought is to amend the Policy Manual to allow unlimited
          overage on these lines, so long as it is fully funded (or
          within some range) by the corresponding revenue line, but I
          don't want to work out the language unless I have some idea
          that there's a taste for making a change along those lines.</div>
      </div>
      <div class="gmail_extra"><br clear="all">
        <div>
          <div class="gmail_signature" data-smartmail="gmail_signature">
            <div dir="ltr">
              <div>
                <div dir="ltr">Joshua A. Katz
                  <div><br>
                  </div>
                </div>
              </div>
            </div>
          </div>
        </div>
        <br>
        <div class="gmail_quote">On Fri, Nov 3, 2017 at 9:02 PM, Daniel
          Hayes <span dir="ltr"><<a
              href="mailto:danielehayes@icloud.com" target="_blank"
              moz-do-not-send="true">danielehayes@icloud.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="auto">
              <div>I will Co-sponsor.</div>
              <div id="m_8082582340601864545AppleMailSignature"><br>
              </div>
              <div id="m_8082582340601864545AppleMailSignature"><br>
              </div>
              <div id="m_8082582340601864545AppleMailSignature">Daniel
                Hayes </div>
              <div id="m_8082582340601864545AppleMailSignature">LNC At
                Large Member<br>
                <br>
                Sent from my iPhone</div>
              <div><br>
                On Nov 3, 2017, at 8:53 PM, Tim Hagan <<a
                  href="mailto:timhagan-tyr@yahoo.com" target="_blank"
                  moz-do-not-send="true">timhagan-tyr@yahoo.com</a>>
                wrote:<br>
                <br>
              </div>
              <blockquote type="cite">
                <div>
                  <div
                    style="color:#000;background-color:#fff;font-family:Helvetica
                    Neue,Helvetica,Arial,Lucida
                    Grande,sans-serif;font-size:16px">
                    <div
                      id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106829"
                      dir="ltr"><span
                        id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106898">The
                        September End-of-Month Financial Reports are
                        attached. The reserve has improved, increasing
                        to $136,544 versus a reserve target of $57,042.<br
id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106892">
                        <br
                          id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106893">
                        The Brand Development/Political Materials
                        Expenses at $58,244 has almost reached its
                        annual budget of $60,000, with one quarter left
                        in the year. Brand Development/Political
                        Materials Revenues was at $49,974. We need to
                        increase these amounts if we want headquarters
                        to continue selling shirts and literature.
                        Having our members wearing the Libertarian
                        apparel and handing out literature helps build
                        brand awareness.<br
                          id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106894">
                        <br
                          id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106895">
                        I am seeking co-sponsors to increase both
                        26-Brand Development/Political Materials Revenue
                        and 55-Brand Development/Political Materials
                        Expenses from $60,000 each to $80,000 each.<br
                          id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106896">
                        <br
                          id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106897">
                        Tim Hagan<br>
                      </span></div>
                    <div dir="ltr"
                      id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106904"><span
id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106898"></span></div>
                    <div class="m_8082582340601864545qtdSeparateBR"><br>
                      <br>
                    </div>
                    <div class="m_8082582340601864545yahoo_quoted"
                      id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106821"
                      style="display:block"><br>
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                        Grande,sans-serif;font-size:16px"
                        id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106820">
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                          Neue,Helvetica,Arial,Lucida
                          Grande,sans-serif;font-size:16px"
                          id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106819">
                          <div
                            class="m_8082582340601864545y_msg_container"
id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106906"><br>
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                </div>
              </blockquote>
              <blockquote type="cite">
                <div><2017-09-Staff-End-of-Month-<wbr>Reports-Draft-1.pdf></div>
              </blockquote>
              <blockquote type="cite">
                <div><span>______________________________<wbr>_________________</span><br>
                  <span>Lnc-business mailing list</span><br>
                  <span><a href="mailto:Lnc-business@hq.lp.org"
                      target="_blank" moz-do-not-send="true">Lnc-business@hq.lp.org</a></span><br>
                  <span><a
                      href="http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org"
                      target="_blank" moz-do-not-send="true">http://hq.lp.org/mailman/<wbr>listinfo/lnc-business_hq.lp.<wbr>org</a></span><br>
                </div>
              </blockquote>
            </div>
            <br>
            ______________________________<wbr>_________________<br>
            Lnc-business mailing list<br>
            <a href="mailto:Lnc-business@hq.lp.org"
              moz-do-not-send="true">Lnc-business@hq.lp.org</a><br>
            <a
              href="http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org"
              rel="noreferrer" target="_blank" moz-do-not-send="true">http://hq.lp.org/mailman/<wbr>listinfo/lnc-business_hq.lp.<wbr>org</a><br>
            <br>
          </blockquote>
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      <pre wrap="">_______________________________________________
Lnc-business mailing list
<a class="moz-txt-link-abbreviated" href="mailto:Lnc-business@hq.lp.org">Lnc-business@hq.lp.org</a>
<a class="moz-txt-link-freetext" href="http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org">http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org</a>
</pre>
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