DRAFT MINUTES: EXECUTIVE SESSION AND PUBLIC SESSION

PNB National Finance Committee Meeting
Monday, December 11, 2006
Continuation of an adjourned meeting from December 7, 2006
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Executive Session
Convened 8:40 PM EST
LaVarn Williams, Chair

Present at Roll Call: Allen, Adelson, Bediako, Gatewood, Hicks, Rawline,
Williams
Joined Call late: Edwards-Tieckert
Absent: Lane, McFall

The NFC met in executive session to discuss legal matters of the Foundation as
they relate to finances.

Adelson moves that we recommend that the PNB notify the KPFA LSB that there are
risks to their 2007 budget and that they (the LSB) will be provided with
detailed information for their budget review in early 2007.

Motion passed without objection.

Executive Session adjourned 10:20 pm

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Public Session
Convened 10:30 PM EST
LaVarn Williams, Chair

Present at Roll Call: Allen, Adelson, Bediako, Edwards-Tieckert, Gatewood,
Hicks, Williams
Absent: Rawline, Lane, McFall

Resumed Agenda from December 7

(1) Review P&L, Balance Sheet, and Headcount for FY '06 include CPB funding
Hicks indicates
- October P&L not available for another week.
- 2006 audit will be available in about 3 weeks
- Headcount report also not available due to problem obtaining / verifying
headcount information from stations. Suggests need for policy around this.

(2) Finance Committee Motion on Archive Restoration to present at PNB

Williams moves that we ask the PNB to amend item 3 in the previously adopted
motion concerning the Archives restoration project, substituting the language:

Funding for the archive restoration project will be determined through the
National Office. The ED and CFO working with a team that includes Development,
Archives Committee, and PNB fundraising working groups will address and search
for off air fundraising options to fund archive restoration. The Archives
Committee shall provide a detailed plan for reaching the targeted funding
levels of $135,000 per year for archive restoration.

Adelson moves postponement, pending feedback from Archives Director on
language.
Williams agrees to seek input.

Meeting adjourned 11:15 pm EST