Minutes for the regular National Finance Committee meeting November 4,<br />
2010.<br />
<br />
Meeting convened at 9:00 PM (ET) a quorum being present, the Chair and the<br />
Secretary being present.<br />
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Attending: Alberto Luera, R. Paul Martin, Simon Pius, Summer Reese, Tracy<br />
Rosenberg, Alex Steinberg, John Wenger, Lavarn Williams, Bruce Wolf, also<br />
attending were Pacifica Executive Director Arlene Engleheart and WBAI<br />
interim General Manager Berthold Reimers.<br />
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Agenda:<br />
<br />
1. Status update of unapproved budgets.<br />
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<br />
Motion: (Summer Reese) "To approve the agenda." (Passed without objection)<br />
<br />
Status update of unapproved budgets 9:03 PM (ET)<br />
<br />
The CFO reported that she had sent the approved KPFA FY11 budget with<br />
changes to the PNB a few minutes ago.<br />
<br />
There was a discussion of salary details being withheld by some General<br />
Managers.<br />
<br />
Institutional memory, the failure of digital backups in the past and the<br />
need for the NFC to have past budgets, including salary information, was<br />
discussed.<br />
<br />
The WPFW FY11 draft budget is being put into the proper template.<br />
<br />
The WBAI FY11 draft budget was briefly discussed. The LSB Finance<br />
Committee has been going over it with the interim General Manager. The<br />
WBAI LSB will meet on November 10. The recent on-air fund raiser missed<br />
it's budgeted goal by about $125,000 which will mean that the station will<br />
receive $95,000 less than was budgeted. It is hoped that this shortfall can<br />
be made up with future fund raisers. It would be unrealistic to project<br />
WBAI paying central services fees in FY11. The committee discussed WBAI<br />
not paying central services fees, some are not comfortable with this.<br />
Plans for community events were discussed. WBAI is now collecting its<br />
monthly electronic funds transfers.<br />
<br />
It was stated that the National Office credit card is maxed out and the<br />
balance needs to be paid down.<br />
<br />
The amount of free labor donated by those involved in governance was<br />
discussed.<br />
<br />
It was reported that the KPFK budget that was presented by station<br />
Management is full of errors and needs to be fixed, additional assistance<br />
is needed with it. An LSB member who's a CPA has volunteered to help with<br />
it. Some aspects of the budget have to be taken up in executive session.<br />
The KPFK LSB had discussed hires that were made during the hiring freeze.<br />
The most recent fund raiser missed its goal by about $350,000. National<br />
Office intervention may be needed. Management salaries are a large<br />
fraction of the KPFK payroll, and absenteeism was perceived as a problem.<br />
The Treasurer and other LSB members are not being permitted to see last<br />
year's actuals. Expenses are not approved and there is no budgetary<br />
oversight. Various substantial expenses are incurred without being<br />
accounted for.<br />
<br />
Motion: (Alberto Luera) "To adjourn." (Passed without objection)<br />
<br />
Adjourned 10:42 PM (ET).<br />
<br />
Submitted by R. Paul Martin, Secretary.<br />
<br />