Minutes for the regular National Finance Committee meeting March 22, 2011.<br />
<br />
Meeting convened at 8:34 PM (ET) a quorum being present, the Chair and<br />
Secretary being present.<br />
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Attending:  Ken Aaron, Jim Boyd, Bill Crosier, Campbell Johnson, Kim<br />
Kaufman, R. Paul Martin, Tracy Rosenberg, Alex Steinberg, Barbara<br />
Whipperman, Lavarn Williams, Bruce Wolf,  also attending was Executive<br />
Director Arlene Englehardt.<br />
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Agenda:<br />
<br />
1. Approve Minutes (5 minutes)<br />
<br />
2. Approve Draft Agenda (5 minutes)<br />
<br />
3. Finance Committee 2011 Timeline (20 minutes)<br />
<br />
4. KPFK Budget (30 minutes)<br />
<br />
5. 1st Quarter Reviews (1-2 stations - as possible) (30 minutes)<br />
<br />
6. PTFP review<br />
<br />
7. Review Action Item.<br />
<br />
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<br />
Approve Minutes 8:36 PM (ET)<br />
<br />
A member objected to approving the minutes because the practice of posting<br />
them to the committee's mailing list's Yahoo! Web site meant that they were<br />
not sent directly to him.<br />
<br />
Motion: (Campbell Johnson) "As requested by members the minutes should be<br />
provided in timely fashion whether by E-mail or otherwise." (Fails 1 in<br />
favor, 9 opposed, 1 abstention)<br />
<br />
Point of Order: (Campbell Johnson) It shouldn't have to be a motion.<br />
<br />
The Chair ruled that the minutes were accessible, and that a motion would<br />
be required if the member wanted minutes mailed to members who request it.<br />
<br />
Point of Order: (Campbell Johnson) Robert's Rules of Order makes it<br />
mandatory that minutes be accessible.<br />
<br />
The Chair ruled that the minutes were accessible.<br />
<br />
Motion: (Campbell Johnson) "Appeal of the ruling of the Chair." (Fails 1<br />
for, 10 against)<br />
<br />
Motion: "To approve the outstanding minutes of the January 11, 2011, and<br />
January 13, 2011, meetings." (passed 7 for, 1 against, 3 abstentions)<br />
<br />
Approve Draft Agenda 9:00 PM (ET)<br />
<br />
Motion: (Tracy Rosenberg) "To approve the agenda." (Passed without<br />
objection)<br />
<br />
Finance Committee 2011 Timeline 9:04 PM (ET)<br />
<br />
The committee discussed the timeline, including timelines from the past.<br />
The 2006, timeline was read.<br />
<br />
It was agreed that the Treasurers would meet with the CFO on March 29,<br />
2011, at 7:00 PM (ET) to discuss the FY12 budget and timeline.<br />
<br />
Motion: (Ken Aaron) "Item E on the FY12 budget timeline shall state, 'The<br />
LSBs shall deliver an LSB approved budget to the CFO and NFC as of July<br />
31st. If such does not occur the NFC shall take whatever action it decides<br />
will be most appropriate to provide a proper Budget in a reasonable time.'"<br />
(passed 7 for, 2 against, 2 abstentions)<br />
<br />
Amendment: (Barbara Whipperman) "To change the date to August 31, and<br />
after 'if that does not occur,' substitute 'then said budget shall be<br />
completed by the NFC and CFO without further approval of the LSB or the<br />
budget unit involved.'" (fails 2 in favor, 5 opposed, 4 abstentions)<br />
<br />
The timeline as adopted is appended at the end of these minutes.<br />
<br />
Motion: (R. Paul Martin) "To adjourn to the executive session." (Passed<br />
without objection)<br />
<br />
Adjourned 10:53 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary<br />
<br />
Appendix: FY12 budget timeline resulting from discussions and motion at<br />
this meeting:<br />
<br />
Approved by the NFC March 22, 2011Modification of<br />
February 2006 ScheduleItem #DeadlineWho InitiatesActionAMarch 31stCFOMeet<br />
with treasurers to outline budget development process and paperwork<br />
submission requirements. * Meeting has been scheduled by CFO with all 5<br />
station treasurers for March 29th.BApril 30thLocal Finance or Budget<br />
Committees Identify and rank budget priorities in order of importanceCMay<br />
31stGM's and BM"s in collaboration with local finance/budget committees<br />
and CFOGenerate draft station budgets and submit to CFO for reviewDJune<br />
30thLocal finance/budget committees and CFOCompile and distribute draft<br />
station budgets to LSBs and NFC for reviewEJuly 31stLSB'sReview and act<br />
upon draft station budgets by approving as-is or with amendments. The LSBs<br />
shall deliver an LSB approved budget to the CFO and NFC as of July 31st. <br />
If such does not occur the NFC shall take whatever action it decides will<br />
be most appropriate to provide a proper Budget in a reasonable<br />
time.FAugust 7thCFOCompile and Distribute final draft station and network<br />
budgets to NFC to review and act upon.GAugust-11NFCReview and act upon<br />
station and network budgets by approving as-is or with<br />
amendmentsHSeptember 7thCFODistribute final budget proposal to the<br />
PNBISeptember 30thPNBReview and adopt final network budget for fiscal year<br />
beginning October 1, 2011<br />