The July End-of-Month Financial Reports are attached.
The reserve was at $82,593, which is above the target reserve of
$57,225.
Support and Revenue was $26,395 under budget for the year to date.
Cost of Support & Revenue and Program Expenses were both under budget by
$58,706 and $42,612 respectfully.
These then gave us a surplus so far this year of $74,178.
A Convention Revenue & Liability Report was added and is on page 12. The
first item on this, Deferred Convention Revenue, is revenue from the
sales of packages, tables, and Welcome Committee. After subtracting
$7,674 for convention expenses already paid, we get the net deferred
convention revenue, which was $93,279. Of this amount, $45,000 has been
placed into the restricted checking account. The balances in each
checking account is shown on the top of page 10.
In addition, we have convention-related revenue of $28,523.92, primarily
from the Convention Theme Contest.
---
Tim Hagan
Treasurer, Libertarian National Committee
