Minutes for the regular National Finance Committee meeting August 23, 2011.<br />
<br />
Meeting convened at 8:36 PM (ET) a quorum being present, the Chair and<br />
Secretary being present.<br />
----------------------------------------------------------------------------------------------------<br />
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.<br />
----------------------------------------------------------------------------------------------------<br />
Agenda:<br />
<br />
1. Approve Draft Agenda<br />
2. Approve Minutes of 8-9 Meeting Closed and Open<br />
3. Chair's Report from the August 9, 2011, executive session<br />
4. Update on DC Budget Review - with contingency plans from WPFW and<br />
National<br />
5. Status of WBAI Waiver<br />
6. Initial Questions/Review KPFA<br />
7. Set next meeting date<br />
----------------------------------------------------------------------------------------------------<br />
<br />
Motion: (Tracy Rosenberg) "To approve the agenda." (Passed without<br />
objection)<br />
<br />
Approve Minutes of 8-9 Meeting Closed and Open 8:43 PM (ET)<br />
<br />
Motion: (Bruce Wolf) "To approve the minutes of the August 9, 2011,<br />
meeting." (Passed without objection)<br />
<br />
Chair's Report from the August 9, 2011, executive session 8:44 PM (ET)<br />
<br />
The Chair reported that at the executive session portion of the August 9,<br />
2011, meeting the committee discussed personnel matters and cash flow<br />
issues.<br />
<br />
Update on DC Budget Review - with contingency plans from WPFW and National<br />
8:45 PM (ET)<br />
<br />
The Chair noted that the committee has not received the contingency plans<br />
it had requested with regard to ways to address challenges that WPFW will<br />
face if they can't raise all of the money they plan to raise. It was<br />
reported that the General Manager and Business Manager of WPFW were under<br />
the correct impression that the contingency plan was not due today, they<br />
are working on it. The CFO said that the plan was not final yet and would<br />
have to be discussed in executive session. The Chair asked that the<br />
contingency plans be ready for the next NFC meeting.<br />
<br />
Status of WBAI Waiver 8:56 PM (ET)<br />
<br />
It was reported that the WBAI LSB has not yet met to vote on the station's<br />
FY12 budget. Space for a meeting is being sought. An extension of the<br />
waiver was requested. The timing of the KPFK LSB meeting was also<br />
discussed.<br />
<br />
Motion: (Jim Boyd) "That the WBAI LSB be given an extension to September<br />
15, to pass a budget for FY12, to be sent to the NFC for its approval as<br />
long as the agenda and notice for the LSB meeting specifically states that<br />
the NFC will impose a budget for WBAI if a budget is not presented to the<br />
NFC for its approval."<br />
<br />
Amendment: (R. Paul Martin) "To strike all after 'NFC for its approval.'"<br />
(Passed without objection as amended)<br />
<br />
Amendment: (Alex Steinberg) "To add instead 'The NFC will not grant any<br />
further waivers to the WBAI LSB after September 14.'" (Passed without<br />
objection)<br />
<br />
Motion as amended: "That the WBAI LSB be given an extension to September<br />
15, to pass a budget for FY12, to be sent to the NFC for its approval. The<br />
NFC will not grant any further waivers to the WBAI LSB after September 14."<br />
(Passed without objection as amended)<br />
<br />
The WBAI Treasurer agreed to send a copy of the motion to the WBAI LSB's<br />
mailing list and to let the LSB know that if the WBAI LSB doesn't approve<br />
an FY12 budget by the deadline that the NFC would take over the budget<br />
process from the LSB.<br />
<br />
Initial Questions/Review KPFA 9:39 PM (ET)<br />
<br />
The KPFA Treasurer announced that KPFA Staff had found about $300,000 more<br />
in revenue than had been shown on the previously submitted budget<br />
documents. She submitted a new draft FY12 budget which reflected about<br />
$300,000 more in revenues than the KPFA draft FY12 budget which had been<br />
passed by the KPFA LSB on August 20, 2011.<br />
<br />
The committee discussed at length and in detail the proposed addition of<br />
about $300,000 in projected revenue to the KPFA draft FY12 budget proposal.<br />
<br />
Motion: (Tracy Rosenberg) "That the NFC consider the KPFA LSB approved<br />
budget of August 20, and at the next NFC meeting invite the KPFA General<br />
Manager and Business manager to discuss this document." (Passed 10-0-0)<br />
<br />
The Secretary agreed to send the above motion to the PNB.<br />
<br />
Set next meeting date 10:19 PM (ET)<br />
<br />
The committee discussed whether to have an extra meeting before the next<br />
scheduled NFC meeting on September 6. It was decided that the Chair would<br />
pencil in an extra NFC meeting for September 15, 2011.<br />
<br />
Motion: (R. Paul Martin) "To adjourn." (Passed without objection)<br />
<br />
Adjourned 10:26 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary.<br />