April 2020 - Lpgaexcomm - Moellman Enterprises Email

Amended Treasurer's Reports
by Evan Durkovic 14 Apr '20

14 Apr '20

Good Morning, I've attached amended balance sheets for the March and April Treasurer's report dates and a profit and loss for the March report date, so that the ballot access fees paid to the SOS are not counted as expenses but are listed as an accounts receivable asset. When I was making the adjustments I noticed that entering them as transfers to the "Refundable Ballot Access Fees" account instead of as expenses is actually the way I did it in 2018, so thanks for catching my error, Mark! Thanks, Evan -- Evan Durkovic Treasurer Libertarian Party of Georgia

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Accounting For The Leveling Fund
by Mark Mosley 13 Apr '20

13 Apr '20

*I have what I believe is a minor critique of how the money transfers between the Leveling Fund and the Sec of State are being documented in the Treasurer's reports.** ** **The short of it is that this money transfer between the LPGa and the Sec of State should not be included as Income or Expense, but should be balanced between the Leveling Fund bank account and a, yet to be created, Receivables account that records the money being held by the Sec of State that will be returned to the LPGa.** ** **For those of you on the ExCom who are not familiar with what the Leveling Fund is and why it exists, you can **go here and review <http://freedomindeed.com/lpga/levelingfund/>**what I wrote about it before the 2019 LPGa convention. This should only take you a few moments and will inform you about why this fund is relevant to our efforts to place candidates. ** ** **Let me illustrate the nature of these transactions. For a moment, let's play pretend.** You are my super duper ultra-precise bookkeeper and this is what you have observed:* 1. *Every March on even numbered years I give $100 to my friend, Joe* 2. *Every March on odd numbered years Joe returns that $100 back to me* 3. *And this money transfer game has continued, with integrity, for almost thirty years* *What would you call this behaviour?* *How would you account for this in your financial books?* * At its core this is what is happening between the LPGa and all the government offices that collect partisan candidate filing fees, mainly the Secretary of State but also, potentially, all the respective 159 county voter registrars. Yes, I know this is really weird but consider the source. This is specified in the Georgia Election Code, specifically, OCGA **§ 21-2-131. I have two reasons for my objections to how this is carried in the books:***.W * *It confuses the Income statement. The Income statement will show a huge Expense for filing fees in the even numbered years and huge single chunk of Income in the odd numbered years. The reality is that the Leveling Fund money was LPGa Income only once when it was originally raised between 2000 and 2004, and since then has only been transferred to the Sec of State and back. And further, the Income statement needs to accurately show real Income/Expense for the current year or month. This would be line items for membership dues, pledges, current fundraising efforts, etc. * * *The amount of money the the Sec of State is holding is "disappeared" until it suddenly appears as Income in the odd numbered year. For reasons of awareness, transparency and institutional memory the money held by the Sec of State that we expect to be returned should always be visible to the ExCom.* *Ryan, may I have a few moments to answer questions about this at tonight's meeting? There is no compelling reason for any immediate action from Evan or the Body, it is most important that all of us on the ExCom are well informed and have time for due consideration, but I do feel that the issue needs be raised at this time.* -- Mark Mosley mark(a)markmosley.com (404)826-1606 restive America ... What have you been thinking? “... the slave must know no law higher than his master's will.” -- Frederick Douglas

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April ExComm Meeting
by Ryan Graham 13 Apr '20

13 Apr '20

Hey Team, Just sending out a friendly reminder that our April Executive Committee meeting is tonight. Let me know if anything needs to be added to the agenda. Agenda: https://docs.google.com/document/d/1wPpUel9B_eV1oxqfhNkRVxreSy5r0048PQHHW79… Also, a reminder that the dial in information has been updated: +1 408-228-4039 PIN: 968 343 47# VIDEO CONFERENCING: HTTPS://8X8.VC/LPGEORGIA/EXCOMM [1] -- In Liberty, Ryan Graham Chair, Libertarian Party of Georgia Links: ------ [1] https://8x8.vc/lpgeorgia/excomm

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Treasurer's Reports April 2020
by Evan Durkovic 13 Apr '20

13 Apr '20

Hello, Attached are my reports for tonight's meeting. Thanks, Evan -- Evan Durkovic Treasurer Libertarian Party of Georgia

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