Minutes for the regular National Finance Committee meeting January 7, 2014.<br><br>Meeting convened at 8:41 PM (ET) a<br />
quorum being present, the Chair and Secretary being<br />
present.<br>----------------------------------------------------------------------------------------------------<br>Attending:<br />
Jim Boyd, John Cromshow, Marcus Jetter, R. Paul Martin (Secretary), Tony Norman, Michael Novick, Tracy Rosenberg<br />
(Chair), Manijeh Saba, Richard<br />
Uzzell.<br>----------------------------------------------------------------------------------------------------<br>Agenda:<br><br>1.<br />
Roll Call<br>2. Approve Agenda<br>3. Next meeting date<br>4. Approve Minutes<br>5. Budget to Actual Reports - KPFA,<br />
KPFT, WPFW<br>6. Chair’s Notes re: Management Letter/Audit, Committee Realignment, WBAI<br />
Lease<br><br>----------------------------------------------------------------------------------------------------<br><br>Motion:<br />
(Tracy Rosenberg) “To approve the agenda.” (Passed without objection)<br><br>Previous notice was given by the WBAI<br />
Treasurer to bring a motion at the next meeting regarding SCA fees related to WBAI’s transmitter.<br><br>Next meeting<br />
date 8:49 PM (ET)<br><br>The committee discussed changing the next meeting date. Not enough members wanted to change it<br />
so the committee’s next meeting date remains January 14, 2014.<br><br>Approve Minutes 8:55 PM (ET)<br><br>Motion:<br />
(Michael Novick) “To approve the minutes of the November 26, 2013, meeting.” (Passed without objection)<br><br>Motion:<br />
(R. Paul Martin) “To approve the minutes of the December 10, 2013, meeting” (Passed without objection)<br><br>Budget to<br />
Actual Reports - KPFA, KPFT, WPFW 8:56 PM (ET)<br><br>KPFA and WPFW were not ready to make reports at this meeting. They<br />
will report at the next meeting.<br><br>KPFT - The station’s first on-air fund raiser of FY13 came up short, and they<br />
did not recover from that. In Q4 they had a Summer drive and tried to compensate for the lack of CPB money, and for not<br />
receiving their real property tax refund. They added $53,000 for CPB and $30,000 for the tax refund to the budgeted<br />
goal, and come in severely short. They matched the amount in the FY13 budget but didn’t make up for the CPB grant and<br />
the tax refund. Listener Support came in about $90,000 short. In Q4 their golf tourney came in lower than expected. In<br />
total the station came in about $120,000 short for FY13. They still haven’t gotten the tax refund. There were also<br />
transmitter problems. The station shares a Business Manager with WBAI and last year they were paying the Business<br />
Manager’s entire salary. This will be partially corrected going forward. The station needs to make adjustments for<br />
FY14.<br><br>The committee discussed the report. The Chair said that she’d been told that the CPB money should arrive in<br />
January.<br><br>Chair’s Notes re: Management Letter/Audit, Committee Realignment, WBAI Lease 9:10 PM (ET)<br><br>The<br />
Chair reported that a two year lease at 388 Atlantic Ave. in Brooklyn, NY is in the hands of the WBAI LSB. If the LSB<br />
consents to the lease it’ll likely be signed.<br><br>The committee discussed it’s membership for 2014. The Chair will<br />
term out and will not be on the committee after the PNB in-person meting in February.<br><br>Motion: (Manijeh Saba)<br />
“That Tracy Rosenberg continue as Chair of the NFC until the PNB elects new Directors to the NFC for 2014, and the<br />
committee elects a new Chair at the first meeting of the new NFC.” (Passed without objection)<br><br>The Chair reported<br />
that the Management letter was delivered to the Audit Committee, it should be delivered to the NFC too. She suggested<br />
that the NFC review it and have cross committee dialogue with the Audit Committee about who does what with it. The<br />
committee discussed this.<br><br>The KPFK Treasurer wanted to amend his report from the last meeting. The balance sheet<br />
he was given was incorrect. The equipment purchases were given as positive figures instead of as expenses. Correcting<br />
this results in a $200,000 deficit for FY13. The KPFK Fall on-air fund raiser brought in a nice amount of money but a<br />
lot of that went right to premiums. Most of KPFK’s FY14 premiums budget has been spent. Ongoing problems of the payroll<br />
and transmitter are still there.<br><br>The committee discussed the issue of premiums and the need to strengthen<br />
programming.<br><br>The committee discussed the lack of financial reports and having General Managers attend the NFC<br />
meetings.<br><br>Motion: (Richard Uzzell) “The NFC requests that the PNB direct that all station General Managers shall<br />
report to the NFC quarterly about the performance of their station’s current Budget, and if the Budget becomes<br />
unbalanced into the ‘red’ that the General Manager shall propose immediate changes that will bring the Budget back into<br />
balance.” (Passed without objection)<br><br>The committee discussed getting someone from the National Office to attend<br />
the next NFC meeting, since the CFO probably will not attend.<br><br>Adjourned 10:37 PM (ET)<br><br>Submitted by R. Paul<br />
Martin, Secretary.