The December End-of-Month Financial Reports are attached.
The year ended with a deficit of $41,424 versus a budgeted deficit of $284,900. Total Revenues for 2017 were $1,585,994, which is $86,794 higher than the budget. Total Expenses were $1,627,418, which is $156,682 below the budget.
The Policy Manual requires me to report to the LNC budget lines that exceed the budgeted expense amount by 10% or $100, whichever is more. The 50-Affiliate Support Expense was $55,356. Its budget was $45,000, so Affiliate Support went over budget by $10,356 or 23%.
The LNC had $6,831 of prepaid convention expenses and $101,728 of deferred convention revenue in 2017, both of which will be booked in 2018.
Treasurer, Libertarian National Committee
You can view the report here.
The January 2018 Membership Report had been released earlier this month, and a copy can be found here. I see also that I did not post the December 2017 report which can be found here.
Here are the Region 1 Membership comparisons. Yellow indicates a positive change, green is no change, and pink is a negative change.
Active Donors have evened out as expected/predicted:
New Donors have evened out also as expected/prediced:
Lapsed donors are down (this is a number we want to be down – and these numbers have evened out like the others):
And renewing donors are up, and the trend is upward:
A motion to suspend failed. I voted in favour as directed.
I moved a motion to censure. It passed 9-7.
Whereas, Vice Chair Arvin Vohra’s public discourse has repeatedly included inflammatory, and insulting remarks which bring the Party, its candidates, and its principles into disrepute;
Whereas, Mr. Vohra has behaved in a way that violates his fidiciary duty to the Party, its members, and its principles;
Whereas Mr. Vohra’s remarks have destructively stereotyped party members and large segments of the population, a behavior completely at odds with our Party’s philosophy of recognizing and treating people as individuals;
Whereas, Mr. Vohra’s comments have caused wide-spread offense, and the result is that the LNC, its committees, and Party affiliates are distracted from productive activities;
Therefore, be it resolved, that the Libertarian National Committee censures Arvin Vohra.
To all members, I believe, no matter what side, if any, you were on in this issue that the debate was well-done and in good faith by all concerned making the difficult decisions that they were elected to do. There was quite a bit of uncivil commentary in the chat window, and I would urge everyone to be better than that.