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

Tue Jan 13 09:43:20 EST 2026

I apologize, I had missed one other member voting.  This has passed 4-0.

---
Ken C. Moellman, Jr.

Libertarian Party of Kentucky
State Party Executive Committee Chair

On 2026-01-10 13:07, Ken Moellman via Lpk-execomm 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/ [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
> 
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