Minutes for the regular National Finance Committee meeting February 24,<br />
2010.<br />
<br />
Meeting convened at 8:43 PM (ET) a quorum being present, the convener<br />
being absent and the Secretary being present.<br />
----------------------------------------------------------------------------------------------------<br />
Attending: Jim Bennett, Alonzo Brown, Mike Jones, Fred Klunder, Alberto<br />
Luera, R. Paul Martin, Summer Reece, Tracy Rosenberg, Alex Steinberg,<br />
Lavarn Williams, Bruce Wolf, also attending was Executive Director Arlene<br />
Engleheart.<br />
----------------------------------------------------------------------------------------------------<br />
Agenda:<br />
<br />
1. Election of officers	(10 minutes)<br />
2. Report from the CFO and ED	(1 hr, allocated as 30 minutes each)<br />
3. Income and expense rpt that was sent out - will be in previous item.<br />
4. Set next meeting date	(5 minutes)<br />
5. Executive session	(10 minutes)<br />
----------------------------------------------------------------------------------------------------<br />
<br />
In the absence of the convener Alberto Luera offered to be Chair pro tem<br />
to get the meeting going. The committee agreed.<br />
<br />
Motion: (R. Paul Martin) "To approve the agenda." (Passed without<br />
objection)<br />
<br />
Convener Summer Reece arrived at 8:58 PM (ET) and assumed the Chair.<br />
<br />
Election of officers 9:09<br />
<br />
Nominations for Chair<br />
<br />
Alberto Luera nominated Summer Reece, she accepted.<br />
<br />
Mike Jones nominated Alberto Luera, he declined.<br />
<br />
In the absence of any opposition Summer Reece was elected Chair of the<br />
NFC. 9:14 PM (ET)<br />
<br />
Nominations for Secretary<br />
<br />
Alberto Luera nominated R. Paul Martin.<br />
<br />
There were no other nominations.<br />
<br />
In the absence of any opposition R. Paul Martin was elected Secretary of<br />
the NFC.<br />
<br />
Report from the CFO and ED 9:15 PM (ET)<br />
<br />
CFO Lavarn Williams welcomed everyone and reported that she wanted to<br />
develop a plan for the NFC this year. She reported that pacifica is<br />
showing a loss for its first quarter of FY10. She noted how the stations'<br />
on-air fund raisers were doing. She said that Pacifica stations had<br />
received additional stimulus money from the CPB that amounted to $153,523.<br />
The mail drop exceeded budget by $53,000, audit expenses $21,000 worse that<br />
budgeted. Stations were generally doing worse than their budgets. She said<br />
that the NFC needs to challenge General Managers to keep on schedule. She<br />
noted that WBAI needed help and that the audit was still not completed.<br />
	She said that Democracy Now! was owed $261,255 because we're 5 months in<br />
arrears on payments. Outstanding legal bills are almost $300,000. She said<br />
that WBAI's tower and office rents are in arrears but are being paid. WBAI<br />
did get over $200,000 from the will of an anonymous donor. She noted that<br />
we needed to make on-air fund raisers shorter and increase our fulfillment<br />
rate.<br />
<br />
The committee discussed the report.<br />
<br />
Executive Director Arlene Engleheart reported that lawyers were meeting<br />
with the Heath Foundation regarding the $375,000 check that had been left<br />
uncashed at KPFA for 14 months.<br />
<br />
The committee discussed the Heath endowments and paying them back to<br />
Pacifica with interest.<br />
<br />
Executive Director Arlene Engleheart also discussed the outstanding bills.<br />
She said that Pacifica was owed money by those renting stations'<br />
sub-carriers. She said that Management was developing guidelines and a<br />
manual for the Fiscal Accountability Plan that had been passed.<br />
<br />
Set next meeting date 10:37 PM (ET)<br />
<br />
Motion: (Summer Reece) "That we meet next on March 4, at 8:30 PM (ET)."<br />
(Passed without objection)<br />
<br />
Motion: (R. Paul Martin) "To adjourn to executive session." (Passed<br />
without objection)<br />
<br />
Adjourned 10:50 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary<br />