Minutes for the regular National Finance Committee meeting July 12, 2011.<br />
<br />
Meeting convened at 8:33 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, Barbara Whipperman, Bruce Wolf,<br />
also attending was Executive Director Arlene Englehardt.<br />
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Agenda:<br />
<br />
1. Approve Draft Agenda<br />
2. Approve minutes of 6-28 meeting and 5-24 postponed minutes<br />
3. Approve or Modify Archives Divisional Budget<br />
4. Credit Card Questions (Crosier)<br />
5. Budget Updates from Signal Areas<br />
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<br />
Motion: (Bruce Wolf) "To approve the agenda." (Passed without objection)<br />
<br />
Approve minutes of 6-28 meeting and 5-24 postponed minutes 8:38 PM (ET)<br />
<br />
Motion: (R. Paul Martin) "To approve the minutes of the June 28, 2011<br />
meeting." (Passed without objection)<br />
<br />
Motion: (Bill Crosier) "To approve the minutes of the May 24, 2011<br />
meeting." (Passed without objection)<br />
<br />
Approve or Modify Archives Divisional Budget 8:41 PM (ET)<br />
<br />
The committee discussed the Pacifica Radio Archives (PRA) draft FY12<br />
budget. The budget is prepared, but the head of PRA was not invited to be<br />
on the call. PRA had budgeted a grant for FY11 that had been approved but<br />
government cuts eliminated that grant. Other grants are being worked on<br />
for FY12. Committee members requested actuals for FY10 and FY11. The<br />
committee will look at this draft budget again at the next meeting.<br />
<br />
Credit Card Questions (Crosier) 9:17 PM (ET)<br />
<br />
The committee discussed the credit card and other bank fees that Pacifica<br />
stations are paying. The Executive Director reported that she is in the<br />
process of meeting with all of the banks that Pacifica and the stations<br />
deal with. She is looking to make some changes that will save money. She<br />
is also reviewing all Pacifica bank accounts and getting copies of all<br />
bank signature cards for Pacifica.<br />
<br />
Budget Updates from Signal Areas 9:22 PM (ET)<br />
<br />
WBAI is having weekly Finance Committee meetings working on the draft FY12<br />
budget.<br />
<br />
WPFW reported having trouble with some cells in the budget template. They<br />
are aiming for a balanced budget but relocation costs may be an issue. The<br />
WPFW LSB will hold a special meeting on August 3, to consider their FY12<br />
budget.<br />
<br />
KPFT expects their FY12 budget to be essentially the same as their FY11<br />
budget. The KPFT LSB will meet tomorrow, July 13, to consider their FY12<br />
budget.<br />
<br />
KPFK does not have a balanced budget yet, there will be more meetings with<br />
Management about it. They hope to have a budget proposal for the next<br />
meeting.<br />
<br />
KPFA has a first draft of their FY12 budget and is having continuing<br />
meetings with Management on it. They will request a 1% reduction in the<br />
amount they will pay for shared expenses as rental for the space that the<br />
National Office occupies.<br />
<br />
Motion: (Campbell Johnson) "To adjourn to executive session." (Passed<br />
without objection)<br />
<br />
Adjourned 9:47 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary.<br />