<div dir='auto'>Tim,<div dir="auto"><br></div><div dir="auto">Quick question, would the current proposed budget for 2020 be in compliance with the exiating policy manual without this Amendment? <br><br><div data-smartmail="gmail_signature" dir="auto">Justin O'Donnell<br>LNC Region 8 Representative</div></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Nov 4, 2019 3:52 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">OK.
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Tim Hagan
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Treasurer, Libertarian National Committee
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On 2019-11-04 12:49, Sam Goldstein wrote:
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> Tim,
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>
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> I move to amend the phrase "Presidential-midterm" to just "midterm".
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> Otherwise it sounds confusing.
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>
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> ---
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> Sam Goldstein
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> Libertarian National Committee
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> 317-850-0726 Cell
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>
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> On 2019-11-04 15:45, Tim Hagan via Lnc-business wrote:
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>> The Policy Manual Section 2.03, Subsection 3 - Budget (page 31) in
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>> part
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>> says, "No budget shall be submitted to the LNC for approval that
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>> exceeds
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>> 110% of the actual revenue over the immediate past 12 months prior to
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>> the date of the budget approval."
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>>
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>> With a convention, ballot access expenses, and higher general interest
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>> in politics, the revenues and expenses during Presidential-election
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>> years are quite different from odd-numbered years, and mid-term years
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>> are somewhat in between them.
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>>
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>> At the meeting, either during the Treasurer Report or as New Business,
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>> I
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>> will be moving to amend this paragraph to read:
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>>
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>> No budget for an odd-numbered year shall be submitted to the LNC for
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>> approval that exceeds 110% of the actual revenue of the most previous
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>> odd-numbered year. No budget for a Presidential-election year shall be
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>> submitted to the LNC for approval that exceeds 110% of the actual
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>> revenue of the most previous Presidential-election year. No budget for
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>> a
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>> Presidential-midterm year shall be submitted to the LNC for approval
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>> that exceeds 110% of the actual revenue of the most previous
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>> Presidential-midterm year.
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