[Lpk-execomm] MOTION: motion to use the same bank for counties and the state

[robert.lodder at lpky.org]

OK.  I don't have any problem with tabling it for now to think about it, 
but we should definitely discuss it at State Convention.


On 2026-01-12 12:27, ken.moellman--- via Lpk-execomm wrote:
> The issue is that county parties change treasurers and so does the 
> state party. So there's always a reason to be getting new signature 
> cards signed at the bank.
> 
> I think we need to think about this one longer and would suggest we 
> table this for now.
> 
> Jan 12, 2026 11:54:32 Robert Lodder <rlodder at biospherics.net>:
> 
>> LPKY will have a hard time getting a treasurer willing to travel to 
>> all of the counties in Kentucky to open and close bank accounts along 
>> with all of the rest of the paperwork.  We don't seem to have that 
>> many active, retired members.
>> Each county party would only have to make one trip to the bank, 
>> though.
>> 
>> 
>> 
>> On Mon, Jan 12, 2026 at 11:51 AM ken.moellman--- via Lpk-execomm 
>> <lpk-execomm at lists.lpky.org> wrote:
>>> The motion is open for discussion.
>>> 
>>> I understand where this comes from, but I think this may be a source 
>>> of additional issues. Unless we choose an institution with physical 
>>> locations throughout KY, there will be issues opening accounts and 
>>> dealing with any problems that require an in-person visit to resolve.
>>> 
>>> There are very few banks that operate statewide in KY so the options 
>>> would be very limited.
>>> 
>>> I believe an alternative solution should be sought to address the 
>>> issue.
>>> 
>>> My immediate thought is to make the state treasurer the assistant 
>>> treasurer of all affiliates as a non-voting ex-officio officer. That 
>>> provides the ability to transfer funds, opportunity to help 
>>> affiliates directly, and provide oversight for kref compliance. We 
>>> could also provide for a preference of banking institution if 
>>> available in the region.
>>> 
>>> 
>>> 
>>> Jan 10, 2026 15:36:22 Charles Altendorf <charles.altendorf at lpky.org>:
>>> 
>>>> I second this motion so we can open discussion 
>>>> 
>>>> On 2026-01-05 21:33, Robert Lodder wrote:
>>>> 
>>>>> I move that the Libertarian Party of Kentucky (LPKY) adopt a policy 
>>>>> requiring all recognized county affiliate parties to maintain their 
>>>>> primary operational bank accounts at the same financial institution 
>>>>> currently utilized by the LPKY State Executive Committee. 
>>>>> Furthermore, all existing affiliates shall be given a period of 
>>>>> [e.g., 90 days] to transition their accounts to the designated 
>>>>> institution to ensure full compliance.
>>>>> 
>>>>> ----------------------------------------
>>>>> 
>>>>> *Supporting Arguments (Rationale)*
>>>>> 
>>>>> 1. *Reduction of Transaction Friction:* Utilizing a single 
>>>>> financial institution allows for "book-to-book" or internal 
>>>>> transfers. This eliminates the 1–3 business day delays common with 
>>>>> ACH transfers between different banks and avoids wire transfer 
>>>>> fees.  Huntington Bank (LPKY's current bank does not do transfers 
>>>>> in both directions, i.e., from the LPKY account to counties, and 
>>>>> from the counties to LPKY) so the state party will have to 
>>>>> change banks like the county parties.
>>>>> 
>>>>> 2. *Facilitation of Dues Sharing:* As the LPKY often manages joint 
>>>>> membership structures, the unified banking system allows for the 
>>>>> seamless distribution of the "county portion" of dues or donations 
>>>>> from the state to the local level.  LPKY can recover funds from 
>>>>> defunct parties, too, as required by our bylaws and KREF.
>>>>> 
>>>>> 3. *Enhanced Transparency:* Standardization simplifies the 
>>>>> Treasurer's role during audits or the preparation of KREF (Kentucky 
>>>>> Registry of Election Finance) reports, as the reporting formats and 
>>>>> data exports will be uniform across all party levels.
>>>>> 
>>>>> 4. *Collective Bargaining Power:* By consolidating the party's 
>>>>> total assets into one institution, the LPKY may be eligible for 
>>>>> waived service fees or "Premier/Business" tier benefits that 
>>>>> individual counties might not qualify for on their own.
>>>>> 
>>>>>  
>>>>> --
>>>>> 
>>>>> *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
>>> _______________________________________________
>>> Lpk-execomm mailing list
>>> Lpk-execomm at lists.lpky.org
>>> http://lpmail.lp.org/cgi-bin/mailman/listinfo/lpk-execomm
>> 
>> 
>> --
>> 
>> *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.
>> 
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