<div dir='auto'>Thank you for all of your hard work Tim. I'll go over this tonight. <div dir="auto"><br></div><div dir="auto">-Joshua </div></div><div class="gmail_extra"><br><div class="gmail_quote">On Oct 31, 2019 3:59 PM, Tim Hagan via Lnc-business <lnc-business@hq.lp.org> wrote:<br type="attribution" /><blockquote class="quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><p dir="ltr">On behalf of the Executive Committee, a proposed 2020 budget to be
<br>
considered at the November 16-17 meeting is attached in both Excel and
<br>
PDF. The budget is highlighted in cyan on the Operating Budget sheet.
<br>
The numbers come from the Acct Detail sheet. An additional sheet having
<br>
employee and contractor salary information, which we've always
<br>
considered confidential, will be presented at the meeting.
<br>
<br>
Total support and revenues is $2,343,400. Total cost of support and
<br>
revenues is $855,700. Total program expenses is $1,487,700. This budget
<br>
is balanced, that is no surplus nor deficit.
<br>
<br>
We expect capital expenditures of $7,300 and will pay $26,434 toward the
<br>
principal in the mortgage payments. Will receive $48,546 from the
<br>
bequests held in escrow. These give a Unrestricted Operating Surplus (I
<br>
think of it like a cash surplus) of $14,812.
<br>
<br>
The total revenues are higher than 2018, but not as high as 2016, which
<br>
was an exceptional year. Should be helped by having a development team.
<br>
<br>
Except for the portions going to administration work, the pay to
<br>
contractors show up on the appropriate functional lines on the Acct
<br>
Detail sheet. In particular, lines 7010-10 (Development), 7310
<br>
(Affiliate Development), 7340 (Media Relations & Press Releases), and
<br>
7360-40 (Candidate Support & Training) include contractors.
<br>
<br>
--
<br>
Tim Hagan
<br>
Treasurer, Libertarian National Committee</p>
</blockquote></div><br></div>