[Lpk-execomm] MOTION: Authorization to Open an Interest-Bearing Money Market Account

Sat Jan 10 13:07:04 EST 2026

We have been using lpk-execomm at lists.lpky.org for over a decade.  The 
history can be viewed here:  
https://lpmail.lp.org/pipermail/lpk-execomm/ [1] ... We used to have 
that link on the website. Not sure when that changed.

Prior to that we used lpk-execomm at groups.yahoo.com when Yahoo Groups 
existed.

We apparently lost the history prior to late 2018, which is unfortunate 
because I had converted all of the old Yahoo stuff to the mailman 
archive format so we had a complete history.

---
Ken C. Moellman, Jr.

Libertarian Party of Kentucky
State Party Executive Committee Chair

On 2026-01-10 11:21, Robert Lodder wrote:

> If we want Motions to go to a specific email list instead of the excom 
> members, we need to put the name of the list in the bylaws.
> 
> Robert A. Lodder, Ph.D.
> Chief Executive Officer
> 
> Phone: (301) 476-0705
> Email: rlodder at 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 Sat, Jan 10, 2026, 11:18 AM Ken Moellman <ken.moellman at lpky.org> 
> wrote:
> 
> 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 at 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 at 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 at 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 at 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 at 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

Links:
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