Minutes for the regular National Finance Committee meeting October 20,
2009.

Meeting convened at 8:44 PM (ET) a quorum being present, the Chair and
Secretary being present.
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Attending: Grace Aaron, Brian Edwards-Tiekert, Sherry Gendelman, Campbell
Johnson, Alberto Luera, R. Paul Martin, Summer Reese, Jamie Ross, Lavarn
Williams, Susan Young.
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KPFA budget 8:45 PM (ET)

The committee discussed the KPFA FY10 budget. The National Office
disagreed with some of the numbers on major donors. It was noted that some
grant money had gotten mixed in with that line and it was agreed that that
would be corrected. CPB grant amounts were discussed.

KPFK budget 8:53 PM (ET)

The committee was told that the KPFK FY10 budget would probably be ready
next week, but that it had been pulled because it had to lower some
estimates. It will have a lower CPB grant.

WBAI budget 8:59 PM (ET)

The CFO said she was working on it with Berthold Reimers. She is also the
interim General Manager at WBAI and has to go back and forth.

The committee discussed the WBAI FY10 budget proposal. Some believed that
the PNB doesn't understand how severe the financial situation is.
Structurally at WBAI two Staff are expected to do all administration work
for the membership list, premiums, finances and Business Manager duties,
at other pacifica station they have 5.5 FTEs doing that work. The layoffs
decimated all administration at WBAI.

The committee then got into a discussion of its debts. Democracy Now! Is
owed $153,000 and Free Speech Radio News is owed at least $57,136. There
are also large legal and printing fees unpaid. There are large credit card
balances. Cash short while paying insurance bills, WBAI back rent bills,
worker's compensation bills and others. Some stations are unable to pay
central services fees at all. The committee discussed these difficulties
at length.

Motion: (Susan Young) "That the iCFO give us a date whereby she can
provide to us pledge fulfillment information, FTEs, a realistic, network
wide cash flow projection for the period from October 1, through March 31,
and that when she gives us those dates that the PNB, the NFC and iED hold
her accountable support her in completing those tasks on time."

Amendment: (R. Paul Martin) "Strike 'hold her accountable and'" (passed
without objection)

Motion as amended: "That the iCFO give us a date whereby she can provide
to us pledge fulfillment information, FTEs, a realistic, network wide cash
flow projection for the period from October 1, through March 31, and that
when she gives us those dates that the PNB, the NFC and iED support her in
completing those tasks on time." (Passed without objection as amended)

Motion: (Sherry Gendelman) "That the NFC chair provide a report
summarizing the accumulated unfunded obligations to be reported at the
October 25, PNB meeting." (Passed without objection)

Motion: (Susan Young) "That the committee meet on October 27, 2009, at
8:30 PM (ET)." (Passed without objection)

Motion: (Susan Young) "To adjourn" (passed without objection)

Adjourned 10:47 PM (ET)

Submitted by R. Paul Martin, Secretary