Minutes<br>2021-05-04 KPFT Finance Cmte Minutes<br>Draft Agenda<br>1. Call to order - Roll Call (5 min) <br>2. Election<br />
of permanent secretary (10 min) <br>3. Minutes approval for March 2021 and April 2021 (10 min) <br>4. Management report<br />
of current financial state, includes: cash on hand, cash ‘burn’ rate, expenses for May (note any exceptional or<br />
unusual expenses, May fund drive goals and expectations, progress on licensee renewal (10 min) <br>4A. Q&A on financial<br />
state report (10 min) <br>5. Management presentation of initial 2022 budget using ‘standard’ Pacifica budget<br />
template. Highlighting of the changes from 2021 budget (15 min) 5A Q&A on draft budget (25 min) <br>6. Public comment<br />
(10 min) <br>7. Selection of meeting date for June 2021 ... suggested date June 8 (3 min) <br>8.<br />
Adjourn<br><br>2021-05-04 KPFT Finance Cmte Minutes<br>1. The meeting was called to order at 4:25pm CT.  Present: Teresa<br />
Allen, David Baes (ex officio non-voting), Adriana Casenave, Bill Crosier, Lynden Foley, Wally James, DeWayne Lark, Mike<br />
Lewis, Marianne Martinez, Susie Moreno, Sandra Rawline, Nancy Saibara-Naritomi, Wendy Schroell, Markisha Venzant-Sampson<br />
(ex officio non-voting), Richard Uzzell, Rita Washington, Sandy Weinmann, Ted Weisgal, Egberto Willies.  T. Allen<br />
requests excused absence for Robert Gartner.  Passed without objection.  <br>2. Election of permanent Secretary (10 min)<br />
S. Weinmann asks that T. Allen continue as Secretary Pro Tem.  T. Weisgal moves that GM & Business Mgr. be listed as ex<br />
officio non-voting members, that the phone# & agenda be listed on KPFTx.  T. Allen asked if Cmte. has any objections to<br />
listing the phone# on KPFTx.  Discussion,  T. Allen will serve as Secretary Pro Tem.  Passed without objection.<br>3. T.<br />
Allen moved to approve 2021-03-09 minutes. Approved without objection.  L. Foley moved to approve the 2021-04-06<br />
minutes.  Approved without objection. <br>4. Management report of current financial state, includes: cash on hand, cash<br />
‘burn’ rate, expenses for May (note any exceptional or unusual expenses, May fund drive goals and expectations,<br />
progress on licensee renewal.  M. Venzant-Sampson said $72K on hand, $65k/m including Central Services.  Pledge drive<br />
starts 05-06-2021.<br>   4A. Q&A on financial state report<br>*KPFT is $120K in arrears to Central Services.<br>*Pledge<br />
Drive Goal is $200K. GM intends to NOT go off the air at all.  Filed all paperwork for license renewal on March 30, 2021<br />
(usually takes 3-6 months for turn-around on approval) for 1.) broadcast signal for 90.1fm, 2.) translator in<br />
Huntsville, 3.) Galveston, & 4.) to the studio to transmitter link have been submitted.  We will see significant cuts in<br />
internet costs (@$12K savings).<br>*We have 3 paid staff (GM, Business Mgr. & Engineer) & 1 contractor (Membership). <br />
Salary information can be found on the 990.<br>*GM/Engineer Mo Thomas was sent to Houston on order of the iED.  Antenna<br />
repairs are scheduled 3 weeks in advance—regardless of weather.<br>*GM says 3 people contributed hours toward the<br />
improved website.  We are soliciting in-kind volunteer gifts and hours, in addition to the contributions of 190<br />
programmers.<br>*B. Crosier said consider need for more outreach money as we plan more events.<br>*S. Moreno & T. Allen<br />
offered to call lapsed donors.  GM said contact the Development Dir.<br>*R. Washington wants to reach out to businesses<br />
to be donors; GM said will help seek underwriters.<br>*GM expects to have an inexpensive phone service as first priority<br />
now and correcting phone# on PSA’s.<br>*T. Allen asked that we pay no credit card late fees, service charges or<br />
interest moving forward. Business Mgr. says that we have incurred credit card finance charges in the past; she will get<br />
total we paid last year to the Treasurer.<br><br>*GM said that he is ready for community sponsorships/underwriters on<br />
air (D. Lark says there is a moratorium on underwriting, but feels KPFT capable of it successfully).<br>*GM said we<br />
don’t charge for PSAs.<br>*GM wants more use of updated website and links to Twitter, Instagram, etc.<br>*Building<br />
Report has been sent to the iED.  Major obstacles to repair the building; ex. GM met with a plumbing team this morning-<br />
every major pipe has leaks; can’t even put in a water heater.<br>*T. Weisgal wonders if “Mail Fund Drive” is worth<br />
the effort; suggests we put more info on our solicitation letters (like our program grid).  Bus. Mgr, said all funds<br />
from mailings are listed under Listener Support and studies show that simple letters are more effective.<br>*GM is<br />
strictly enforcing punishment for plugola, payola and obscenity.<br>*T. Weisgal will introduce 2 items for next<br />
month’s agenda; will email to the Cmte.<br>5. Management presentation of initial 2022 budget using ‘standard’<br />
Pacifica budget template. Highlighting of the changes from 2021 budget (15 min) 5A Q&A on draft budget: discussion at<br />
our June meeting.<br>6. Public comment (10 min) none<br>7. Selection of meeting date for June 15, 2021 at 6:30pm CT. No<br />
objection.<br>8. R. Uzzell moved to adjourn.  Meeting adjourned at 6:16pm CT. <br><br>Respectfully submitted,<br>Teresa<br />
J. Allen, Secretary Pro Tem<br>2021-06-03; approved 2021-06-15<br>