The LNC had $370,503 at the start of October. Through October 16* it had total receipts, including the Kennedy Fund, of $475,673, for a new total of $846,177. Disbursements for the period were $753,882, leaving the party with $92,295 cash on hand on October 24. As of that date, the party was owed 86,876 and had $89,436 Debts and Obligations owed by the LNC.
Contributions from individuals and other persons, not committees, came to $40,788. It also received $30,690 from other political committees and had as income $18,000 in offsets to operating expenditures. On the expenditure side, it had $27,602 in operating expenditures, of which $18,000 were offset from elsewhere, and sent $307 to other Federal Committees. In the end, of its own money it spent $9602 on its own operations.
*Corrected date thanks to Steve Dasbach.
Interesting burn rate. Don’t forget that of the cash on hand, a significant amount was recently reserved by the LNC for legal defense. So they expect something bad coming very soon.
So three months? Two months?
Were not people saying the same thing 9 months ago?
I believe there were articles back in the spring predicting end-of-year failure. Come to think of it, there tend to usually be predictions of doom and gloom these days. But considering where we are in the election cycle, this is a very unstable position.
Maybe they’ll survive. Maybe they won’t. Who knows?
The doom predictions I recall from people I find trustworthy were for post-election events. There may have been others that I missed, predicting Summer Doom!