Gents -
This wasn't published to the list originally. I'm cc'ing it now.
Motions must be made to the list per the Constitution, for
transparency's sake.
That all said, I'm fine with moving forward to a vote as long as there's
no objection. While I personally think we should actually put more into
the account, I'm not going to stop us from doing this. We can always add
more.
Dr Lodder has made the following motion: "I move that the LPKY Treasurer
be authorized and directed to open a Business Money Market Savings
Account at the bank for the purpose of holding the party's reserve
funds. I further move that the Treasurer be authorized to transfer an
initial sum of $15,000 from the general checking account into this money
market account, and that the signing authorities for this new account
shall be identical to those currently established for the party's
checking account."
I'm voting aye.
---
Ken C. Moellman, Jr.
Libertarian Party of Kentucky
State Party Executive Committee Chair
On 2026-01-10 11:08, Robert Lodder wrote:
> Time to call the question.
>
> Robert A. Lodder, Ph.D.
> Chief Executive Officer
>
> Phone: (301) 476-0705
> Email: rlodder(a)biospherics.net
>
> This e-mail, and any attachments thereto, is intended only for use by
> the addressee(s) named herein and may contain legally privileged and/or
> confidential information. If you are not the intended recipient of this
> e-mail, you are hereby notified that any dissemination, distribution or
> copying of this e-mail, and any attachments thereto, is strictly
> prohibited. If you have received this e-mail in error, please notify me
> by replying to this message and permanently delete the original and any
> copy of this e-mail and any printout thereof.
>
> On Tue, Jan 6, 2026, 12:30 PM Charles Altendorf
> <charles.altendorf(a)lpky.org> wrote:
>
> I have no further discussion
>
> On 2026-01-05 22:22, Robert Lodder wrote:
>
> The current Executive-Caucus Committee Guidebook says "Interest earned
> on invested funds is not considered a contribution, but is reported as
> "other receipts," on Schedule 1 of the Election Finance Statement.
> Offsets to Operating Expenditures." So the general fund and building
> fund can do it.
> However, a State Executive Committee Building Fund must be kept in a
> separate bank account and reported quarterly instead of semi-annually.
>
> Originally I was thinking of holding back money for possible
> escheatment, but now that I think about it, it's so easy to transfer
> money from the money market account back to the checking account that
> that shouldn't be an issue. So amending the motion to transfer more
> money makes sense.
>
> On Mon, Jan 5, 2026 at 9:49 PM Ken Moellman <ken.moellman(a)lpky.org>
> wrote:
>
> I will second.
>
> Question: Are we permitted to do this with current KREF regulations?
> In the past we were not allowed to put the _general fund_ in an
> interest-bearing account. I know the building fund was able to do it.
> But there have been changes over the past decade and I honestly haven't
> followed all of them.
>
> If we are allowed, I would suggest that we put even more into the
> account. What's a reasonable maximum "emergency" expediture? I'm
> thinking $5K is the most we would ever have to use in any emergency.
> So putting everything but $5k in there might be good.
>
> ken
>
> ---
> Ken C. Moellman, Jr.
>
> Libertarian Party of Kentucky
> State Party Executive Committee Chair
>
> On 2026-01-05 21:41, Robert Lodder wrote:
>
> I move that the LPKY Treasurer be authorized and directed to open a
> Business Money Market Savings Account at the bank for the purpose of
> holding the party's reserve funds. I further move that the Treasurer be
> authorized to transfer an initial sum of $15,000 from the general
> checking account into this money market account, and that the signing
> authorities for this new account shall be identical to those currently
> established for the party's checking account.
>
> SUPPORTING ARGUMENTS (RATIONALE)
>
> *
>
> Yield Optimization: As of January 2026, market rates for business money
> market accounts are ranging between 3.30% and 4.10% APY (e.g., U.S.
> Bank and EverBank). Maintaining all liquid assets in a
> non-interest-bearing checking account represents an opportunity cost to
> the party.
> *
>
> Asset Liquidity: Unlike a Certificate of Deposit (CD), a money market
> account maintains high liquidity, allowing the party to move funds back
> to the operational checking account nearly instantaneously if an urgent
> political or legal need arises.
> *
>
> Risk Mitigation: Segregating reserve funds from the primary operational
> checking account provides an additional layer of security against
> unauthorized debit transactions or checking fraud on the main account.
> *
>
> Reporting Compliance: The interest earned will be tracked as "Other
> Receipts" or "Investment Income" for KREF (Kentucky Registry of
> Election Finance) reporting purposes, ensuring full transparency in
> accordance with KRS Chapter 121.
>
> --
>
> Robert A. Lodder, Ph.D.
> Chief Executive Officer
>
> Phone: (301) 476-0705
> Email: rlodder(a)biospherics.net
>
> This e-mail, and any attachments thereto, is intended only for use by
> the addressee(s) named herein and may contain legally privileged and/or
> confidential information. If you are not the intended recipient of this
> e-mail, you are hereby notified that any dissemination, distribution or
> copying of this e-mail, and any attachments thereto, is strictly
> prohibited. If you have received this e-mail in error, please notify me
> by replying to this message and permanently delete the original and any
> copy of this e-mail and any printout thereof.
--
Robert A. Lodder, Ph.D.
Chief Executive Officer
Phone: (301) 476-0705
Email: rlodder(a)biospherics.net
This e-mail, and any attachments thereto, is intended only for use by
the addressee(s) named herein and may contain legally privileged and/or
confidential information. If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly
prohibited. If you have received this e-mail in error, please notify me
by replying to this message and permanently delete the original and any
copy of this e-mail and any printout thereof.
--
Charles Altendorf
Libertarian Party of Kentucky - Secretary
Libertarian Party of Woodford County Kentucky - Treasurer
