Saturday, May 24, 2008

A Correction to My Numbers

On the last post about Party finances, I received the following additional information:

1. Any comparison of January of one year to May of another year is apples to kumquats.  January following an election year, before the JJ dinner, is when the party is at its lowest cash on hand.  As it should be, by the way – you spend money on the election. 
 
2. (In January of 2007) while there were vendor bills for the caucuses, the operating accounts of the party had sufficient funds to cover expenses and bills as the party geared up for JJ, and bills for operating expenses were current.
 
3) The cash on hand as of June 30, 2006 was well over 600k.  For the last presidential year, the cash on hand as of June 30, 2004 was over 1.3 million.  Of course, 500k of that was in the senate caucus account, compliments of Mark Taylor. 
 
Back to me again. The 90k in debt the Party retired since 2008 was cacus debt, but still the party retired it and have a half million in the bank to boot. Add to that the numbers we saw regarding the increasing numbers of donors, and I think the future looks bright as we prepare for 2008 and beyond. Jane has effectively expanded the donor base and retired real debt. Again, not too shabby.

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