November End of Month Financials

[Todd Hagopian]

Hello Folks,

November’s financial report is enclosed, along with a summary of key points below.  Please let me know if you have any questions.  Thank you!

Cash Position

Our cash position has rose to $163,000 on the strength of our third six-figure fundraising month in a row.  This is 2x our cash reserve target, about $90K over the target, and the party is in good shape from a cash management perspective.

Revenue

We had a reasonably strong revenue month, coming in at $119K ($110K without convention revenue).  Again, third straight month of six-figure revenue generation.  Nice turnaround from earlier in the year.

Expense Analysis

Non-Convention expenses matched revenues for the month, coming in at $111K vs non-convention revenue of $110K.  Within that number, we made our final payment for Maine ballot access petitioning, bringing us to a total of $43K for early ballot access petitioning and ballot access legal expense across five states so far this year.

We had some late-year GL adjustments, mostly associated with how our contractors/employees were being accounted for to make sure we were using the same methodology all year long:

$9,720 shifted from 8015 to 7000.3

$2,000 shifted from 8005 to 7000.81

$2,000 shifted from 8015 to 7000.81

$12,246.25 shifted from 8240 to 8190

There were a few other small GL cleanup actions taken to increase consistency in financials from pre/post accounting outsourcing.

Summary

Cash Reserve looks like it will remain strong through the end of the year, and going into the beginning of 2024.

Three straight six-figure revenue months, need to keep that going

Good expense, and cash, management by the staff 

Related Party Transaction dollars should be correct (send me a note if they are not), I will be going through them in December to correct any membership errors (e.g. if you have upgraded to life member, etc.)  Please send those to me directly, I know they have not been updated, I will be doing those with the December report.  Thank you.

Thank you to the staff working with the new tools and new strategy.  It has certainly paid off the past few months.  Thank you!

Todd Hagopian

LNC Treasurer
todd.h...@lp.org

[Secretary LNC]

Thank you Todd.  And I will note I'm beating Mr. Nekhaila who is running out of time as I did give more in December.

___________________________________________________

In Liberty, Caryn Ann Harlos

LNC Secretary and LP Historical Preservation Committee Chair ~ 561.523.2250

[Adrian F Malagon]

Sad that I have to remind the Sec that beating anyone, especially a person of color, is a violation of the NAP.

All, don’t let the Sec’s need to do better deter you from buying your Convention tix. Early Bird pricing ends tomorrow!

(Also, I’m one of those forgotten Lifetime Members…😢) 

Adrian F Malagon

At-Large Rep, Libertarian National Committee

Chair, Convention Oversight Committee

lp.org | adrian....@lp.org

Chair, Libertarian Party of California

ca.lp.org | ch...@ca.lp.org

On 30 Dec 2023, at 06:45, Secretary LNC <secr...@lp.org> wrote:



[Secretary LNC]

Well I'm beating you too.  Down with the brown patriarchy!

___________________________________________________

In Liberty, Caryn Ann Harlos

LNC Secretary and LP Historical Preservation Committee Chair ~ 561.523.2250

[Angela McArdle]

I'm sorry I missed this before we posted the report, but I think the store revenue is missing and the total monthly revenue is actually 126K. Staff is reviewing and we'll clarify on Tuesday. 

Angela McArdle, Chair

[Secretary LNC]

Do we have an updated report?  I would like to post to LPedia.

___________________________________________________

In Liberty, Caryn Ann Harlos

LNC Secretary and LP Historical Preservation Committee Chair ~ 561.523.2250