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

[Robert Lodder]

That's good, but requirements need to be documented.  In systems
engineering (SE), the mandate for documenting requirements is not found in
a single "golden sentence" but is woven into the definitions of the
processes that govern the system lifecycle. For a requirement to be
actionable, verifiable, and legally/contractually binding, it must exist in
a permanent, shared form.  It should be updated more easily than the
Bylaws, though (for example, excom is changing the banking right now, and
this is a level of detail that really should not be in the bylaws..)
We could start an excom wiki for such business procedures that would be
version-controlled and easily updated.  What does everyone think?




On Sat, Jan 10, 2026 at 1:07 PM Ken Moellman <ken.moellman at lpky.org> wrote:

> 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/
> ... 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)
>
>    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: 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
>
>

-- 


*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.