June 2017 End-of-Month Financial Report Released

annual-report

The June End-of Month Financial Reports are attached. The reserve is now down to only $111,075.

Dr. Frank Clinard, Jr., of Los Alamos, NM, left a bequest of $111,863 to the LNC. His bequest was booked as revenue in June. The FEC has ruled that contribution limits apply to bequests. The LNC is still litigating the limit. The amount over the $33,900 limit for general funds is being placed in an escrow account.

Dr. Clinard (1933-2016) was the world authority on Radiation Damage in Materials at Los Alamos National Laboratory, Fellow of the American Ceramics Society, Libertarian candidate for New Mexico State Senate in 1992, and served as the LPNM Public Relations Director.

Tim Hagan

You can view the report here.

April 2017 End-of-Month Financial Report Released

annual-report

The April End-of-Month Financial Reports are attached.

The Brand Development/Political Materials Expense is running above its budget. Preliminary projections for May has it reaching its annual budget of $30,000. We need to increase this expense and its corresponding revenue if we want to continue replenishing the stock at LPStore.org. Otherwise, items will become sold out as the inventory is depleted.

Tim Hagan

You can view the report here.

January 2017 End-of-Month Financial Report Released

annual-reportThe January 2017 End-of-Month Financial Reports are attached. The year started with a $42,998 surplus. The reserve is at $242,828.

Support and revenue for the year was $2,624,990 versus a budget of $1,907,869, and the year had a surplus of $274,327. Total expenses were below budget, but some expenses ended over budget. In particular Administrative Costs, Member Communication (LP News), and Building Fundraising Expenses were more than 10% over their budgeted amounts.
Tim Hagan

You can view the report here.

October End-of-Month Financial Report Released

annual-reportFrom the LNC List: The October End-of-Month Financial Reports are attached. The reserve dropped to $415,669, which is $370,377 above the reserve target of $45,292. October had some extra expenses: $20,000 contributed to the Mark Miller Campaign, $15,500 for the annual audit, and $6,400 Kentucky legal expenses.

Tim Hagan

You can view the report here.