LNC 2019 Budget

Posted by LNC Treasurer Tim Hagan to the business list:

The 2019 Budget as adopted is attached in Excel and PDF formats.

LNC_Budget_2019_Final1-120518.xls

LNC_Budget_2019_Operating_Budget.pdf

LNC_Budget_2019_Acct Detail.pdf

LNC_Budget_2019_Office-Admin Exps.pdf

IPR note: See also

Libertarian National Committee meeting liveblog Alexandria, VA, Dec. 1-2, 2018

John Phillips: LNC Update

9 thoughts on “LNC 2019 Budget

  1. Shane

    This budget shows we’re lacking in the experience department. Serious issues.

    First, why is there a hotel bill from the convention and why is it huge? Who was managing the convention?

    Very little of the funds are being used to accomplish the mission.

    While $1.1 million is showing for programs, $800k goes to salaries and “admin.” So of the $1.5 million budget only $300k goes to programs and not wisely. To put it into perspective, only 20% goes toward helping elect libertarians (if that).

    Kill campus outreach. We’re a political party not a non-profit. Groups like FEE do a much better job than we could ever do.

    And if I’m reading that right they plan on only 7 fundraising letters? That’s insane. There should be 60 with levels and segmentation.

    We’re starting 2020 in the hole with this budget. With that said the budget is a guideline. I never once referred to it during the year and blew past it (on the revenue side)

    But if staff sets this as their goal, we’re screwed with another year of the same old, same old.

  2. George Phillies

    Why is there a hotel bill? Ummh, you thought the hotel was doing this for free?
    Why hasn’t it been paid yet? See the terms of the contract on delaying payment.

  3. paulie Post author

    Just because there’s a clause for the contingency of delayed payments explains why we are delaying payment? That doesn’t seem like a good answer. Is there more to that?

  4. paulie Post author

    While $1.1 million is showing for programs, $800k goes to salaries and “admin.” So of the $1.5 million budget only $300k goes to programs and not wisely. To put it into perspective, only 20% goes toward helping elect libertarians (if that).

    I’ve seen this talking point often but presumably staff are using their time to work on programs and staff have to be paid to do so. Since you’re ex-staff I’m surprised to see you make this point.

    Kill campus outreach. We’re a political party not a non-profit. Groups like FEE do a much better job than we could ever do.

    Students are actually a great source of labor that doesn’t have to be paid, and future (sometimes even current) candidates and donors, candidate staff, etc. If anything we need to revive partisan LP campus organizations. All too often we get shut out of campus libertarian activities (even so much as tabling at their conferences) under the “non-partisan” excuse, then pay out of pocket to listen to speakers promoting the Republicans.

    And if I’m reading that right they plan on only 7 fundraising letters? That’s insane. There should be 60 with levels and segmentation.

    Completely agreed! It’s dumb to cut fundraising as an “expense” unless it has negative ROI.

  5. Chuck Moulton

    The convention was a blockbuster success in terms of attendance and profit. Its payment was delayed because the LNC over budgeted for programs and did not take in the revenues required to sustain them. Last year’s budget contained a massive deficit as passed — even before execution. The LP engaged in ambitious projects we’re not ready for yet in terms of fundraising support to sustain them.

  6. Tony From Long Island

    Hey Paulie. . . . just letting you know that this will be my regular IP from now on.

  7. paulie Post author

    IP doesn’t matter, mine changes. It’s screen name/email combination which whitelists or blacklists a comment. I rarely look at IPs unless I suspect an impersonator or banned individual is at work from the tone of the comments.

  8. Shane

    Paul, the vast majority of staff time is spent on fundraising and administration unless that staffer is dedicated to a project — ie, political director.

    It’s actually disappointing how few hours that can be commited to the mission. The reason is the LP is essentially “house poor.” Everyone is too busy keeping the bills paid.

    That could change with a different fundraising strategy.

    Chuck, thanks for the explanation on the convention. That makes more sense although I disagree with going into debt on a profitable project.

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