Minutes for the regular National Finance Committee meeting November 3,<br />
2009.<br />
<br />
Meeting convened at 8:36 PM (ET) a quorum being present, the Chair and<br />
Secretary being present.<br />
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Attending: Grace Aaron, Brian Edwards-Tiekert, Sherry Gendelman, Alberto<br />
Luera, R. Paul Martin, Summer Reese, Jamie Ross, Susan Young.<br />
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Agenda:<br />
<br />
1. KPFK budget<br />
2. Other budget issues<br />
3. Time line issue<br />
4. Payback for Heath account<br />
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<br />
Motion: (Brian Edwards-Tiekert) "To approve the agenda" (passed without<br />
objection)<br />
<br />
<br />
KPFK budget 8:39 PM (ET)<br />
<br />
The committee discussed the KPFK FY10 draft budget. There were some<br />
payroll questions which members said that they wanted to discuss in<br />
executive session.<br />
<br />
Motion: (Alberto Luera) "To recommend that the PNB approve the KPFK budget<br />
as presented with the proviso that CPB revenues be adjusted to match the<br />
actual FY2010 CPB allocation, and that the payback schedule of central<br />
services be adjusted as necessary to insure that station operations are<br />
not compromised at any point during the fiscal year and one other proviso<br />
that will be covered in closed session later." (Passed without objection)<br />
<br />
Other budget issues 9:23 PM (ET)<br />
<br />
The WBAI, WPFW, KPFT and KPFA FY10 budgets were discussed. Reasons for<br />
lateness were discussed. There was concern raised about KPFA not doing<br />
Staff cuts yet.<br />
<br />
Motion: (Susan Young) "The NFC recommends to the PNB the following motion,<br />
'That the interim Executive Director and the interim Chief Financial<br />
Officer are responsible for the preparation of the budget and its<br />
component parts for approval by the Pacifica National Board, and that the<br />
Board set a November 15, deadline for the adoption of the 2009-2010<br />
budget.'"<br />
<br />
Amendment: (Susan Young) "Change November 15, ro November 30." (Passed<br />
without objection)<br />
<br />
Motion as amended: (Susan Young) "The NFC recommends to the PNB the<br />
following motion, 'That the interim Executive Director and the interim<br />
Chief Financial Officer are responsible for the preparation of the budget<br />
and its component parts for approval by the Pacifica National Board, and<br />
that the Board set a November 30, deadline for the adoption of the<br />
2009-2010 budget.'" (passed without objection as amended)<br />
<br />
Motion: (Susan Young) "The NFC recommends to the PNB that no later than<br />
Tuesday, November 10, in their reports to the NFC the interim Executive<br />
Director and the interim Chief Financial Officer respond to the motion<br />
adopted by the NFC during its October 20, meeting that they provide dates<br />
whereby they will provide a report detailing current pledge fulfillment<br />
rates on the past 24 months' worth of fund drives at each station, FTEs,<br />
and a realistic, network wide cash flow projection for the period from<br />
October 1 through March 31, of FY2010." (Passed without objection)<br />
<br />
Payback for Heath account 10:21 PM (ET)<br />
<br />
There was a short discussion and it was suggested that this item be taken<br />
up in executive session.<br />
<br />
Motion: (Jamie Ross) "To adjourn to executive session." (Passed without<br />
objection)<br />
<br />
Adjourned 10:23 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary<br />