Minutes for the special National Finance Committee meeting September 18, 2012.<br />
<br />
Meeting convened at 8:37 PM (ET) a quorum being present, the Chair and Secretary being present.<br />
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Attending: Ken Aaron, Bill Crosier, Marcus Jetter, Campbell Johnson, Kim Kaufman, R. Paul Martin, Tracy Rosenberg,<br />
Barbara Whipperman, Lavarn Williams, also attending was acting Executive Director Summer Reese.<br />
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Agenda:<br />
<br />
Roll Call<br />
Approve Agenda<br />
Approve Pending Minutes<br />
PNB Status Report on Budget Approval - Chair<br />
Confirm Provisional Approval of WPFW Budget<br />
Confirm Final Numbers on KPFK Budget<br />
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<br />
Motion: (Campbell Johnson) “To approve the agenda.” (Passed without objection)<br />
<br />
Approve Pending Minutes 8:46 PM (ET)<br />
<br />
Motion: (Campbell Johnson) “To postpone consideration of all pending minutes to the next meeting.” (Passed without<br />
objection)<br />
<br />
PNB Status Report on Budget Approval 8:46 PM (ET)<br />
<br />
The Chair reported that the PNB was meeting every Thursday now and so they can be sent budgets as we finish them. None<br />
of the budgets has been approved by the PNB yet. The KPFT and WBAI draft FY13 budget proposals are on the agenda for the<br />
next PNB meeting. She expects the budget process to be completed by mid-October.<br />
<br />
Confirm Provisional Approval of WPFW Budget 8:48 PM (ET)<br />
<br />
The Chair noted that the WPFW LSB met on September 12, and approved this draft budget proposal. WPFW Management has<br />
adjusted their FY13 draft budget proposal by putting in their payroll taxes and depreciation; the CPB totals have been<br />
adjusted to take penalties into consideration.<br />
<br />
There was a short discussion of the PNB’s process for approving these budgets.<br />
<br />
Motion: (Campbell Johnson) “To approve the WPFW FY13 budget proposal.” (Passed without objection)<br />
<br />
Confirm Final Numbers on KPFK Budget 9:04 PM (ET)<br />
<br />
The committee again discussed the KPFK FY13 draft budget proposal. The Chair presented a spreadsheet with some numbers<br />
adjusted as per the committee’s previous discussion of this budget proposal. Some of the topics raised included Listener<br />
Support levels, fulfillment, cash flow and the purchase of a new transmitter. The delay in paying Shared Expenses fees<br />
was discussed. The acting Executive Director said that further delays in paying Shared Expenses fees was not an option<br />
because Pacifica is having severe issues with health care and payroll.<br />
<br />
Motion: (Tracy Rosenberg) “In the KPFK FY13 budget proposal to adjust ‘Listener Support’ (General Ledger account #5000)<br />
to $3,000,000; to eliminate ‘Website Income’ (General Ledger account #5011); to reduce ‘Community/Special Events’<br />
(General Ledger account #5750) to $25,000; to eliminate $5,000 from ‘Grant Income - Others’ (General Ledger account<br />
#5800).” (Passed without objection)<br />
<br />
There was further discussion of the KPFK FY13 draft budget proposal.<br />
<br />
Motion: (Tracy Rosenberg) “That the NFC provisionally approve the KPFK FY13 budget proposal with a ‘Total Operating<br />
Expense’ of $2.739 million before ‘Shared Services’ and capital, ‘Total Expenses’ of $3.299 million before capital and a<br />
surplus of $22,347 after capital. With line item details to follow.” (Passed without objection)<br />
<br />
Adjourned 10:26 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary.