[Lpk-execomm] MOTION: Authorization to Open an Interest-Bearing Money Market Account
Andrew Roberts
andrew.roberts at lpky.org
Sat Jan 10 15:34:33 EST 2026
Yes I’m in favor
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__________________________________________________________________
From: Robert Lodder <rlodder at biospherics.net>
Sent: Saturday, January 10, 2026 11:29
To: Charles Altendorf <charles.altendorf at lpky.org>
Cc: Ken Moellman <ken.moellman at lpky.org>; Lpk Execomm
<lpk-execomm at lists.lpky.org>; Andrew Roberts <andrew.roberts at lpky.org>
Subject: Re: MOTION: Authorization to Open an Interest-Bearing Money
Market Account
I am in favor of this.
Robert A. Lodder, Ph.D.
Chief Executive Officer
Phone: (301) 476-0705
Email: [2]rlodder at biospherics.net
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On Sat, Jan 10, 2026, 11:19 AM Charles Altendorf
<[3]charles.altendorf at lpky.org> wrote:
I'm in favor
On 2026-01-10 11:18, Ken Moellman 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: [4]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
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On Tue, Jan 6, 2026, 12:30 PM Charles Altendorf
<[5]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 <[6]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)
1. 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.
2. 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.
3. 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.
4. 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: [7]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: [8]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
--
Charles Altendorf
Libertarian Party of Kentucky - Secretary
Libertarian Party of Woodford County Kentucky - Treasurer
References
1. https://aka.ms/o0ukef
2. mailto:rlodder at biospherics.net
3. mailto:charles.altendorf at lpky.org
4. mailto:rlodder at biospherics.net
5. mailto:charles.altendorf at lpky.org
6. mailto:ken.moellman at lpky.org
7. mailto:rlodder at biospherics.net
8. mailto:rlodder at biospherics.net
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