Minutes for the regular National Finance Committee meeting September 10, 2013.<br />
<br />
Meeting convened at 8:37 PM (ET) a quorum being present, the Chair and Secretary being present.<br />
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Attending: Jim Boyd, R. Paul Martin (Secretary), Tony Norman, Tracy Rosenberg (Chair), Raul Salvador (CFO), Richard<br />
Uzzell, Barbara Whipperman, also attending were KPFA interim General Manager Richard Pirodsky and KPFA Business Manager<br />
Maria Negret.<br />
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Agenda:<br />
<br />
1. Roll call<br />
2. Approve minutes<br />
3. KPFA FY14 budget<br />
4. Adjourn<br />
<br />
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<br />
Motion: (Richard Uzzell) “To adopt the agenda.” (Passed without objection)<br />
<br />
KPFA FY14 budget 8:41 PM (ET)<br />
<br />
The committee discussed the KPFA draft FY14 budget proposal.<br />
<br />
Motion: (Tracy Rosenberg) “The NFC recommends to the PNB adoption of the KPFA FY14 budget with the following changes:<br />
Line 6, General Ledger #5000 ‘Listener Support’ adjust to $2,705,000 with the addition of two additional on-air fund<br />
raising days in FY14; Line 39, General Ledger #6400 ‘Shared Expenses’ adjust to $461,040; Line 40 General Ledger #6412<br />
‘PRA’ adjust to $67,800; Line 62 General Ledger #6000 ‘Gross Salaries’ adjust to $1,365,000; Line 66 General Ledger<br />
#6102 ‘Pension Expense’ change to $18,417; Line 68 General Ledger #6200 ‘Health Benefits’ adjust to $425,000; Line 103<br />
General Ledger #6655 ‘Depreciation’ adjust to $102,000; Line 152 General Ledger #6750 ‘Premiums - Other Vendors’ adjust<br />
to $146,000; ‘Total Revenue’ adjust to $3,461,000, ‘Total Operating Expense’ adjust to $3,457,000, ‘Surplus’ of $3,861<br />
with no Capital Expenses." (Passed 6 for, 1 against, 1 abstention)<br />
<br />
The committee discussed the motion.<br />
<br />
Amendment: (Barbara Whipperman) “The NFC recommends to the PNB the adoption of a FY14 budget for KPFA that includes four<br />
additional on-air fund raiser days than were originally proposed in the ‘Assumptions’ page, and that the rest of the<br />
budget be calculated based on that increase in revenue.” (Fails 2 for, 5 against, 1 abstention)<br />
<br />
The committee discussed the amendment.<br />
<br />
Approve minutes 9:11 PM (ET)<br />
Motion: (Richard Uzzell) “To approve the minutes of the August 27, 2013, meeting” (passed 5 for, 0 against, 3<br />
abstentions)<br />
<br />
Adjourned 9:13 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary.