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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>
<div style="font-family:Helvetica
Neue,Helvetica,Arial,Lucida
Grande,sans-serif;font-size:16px"
id="m_8082582340601864545yui_3_16_0_ym19_1_1509592841380_106820">
<div style="font-family:HelveticaNeue,Helvetica
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>
</div>
</div>
</div>
</div>
</div>
</div>
</blockquote>
<blockquote type="cite">
<div><2017-09-Staff-End-of-Month-<wbr>Reports-Draft-1.pdf></div>
</blockquote>
<blockquote type="cite">
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</blockquote>
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</blockquote>
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