Minutes for the regular National Finance Committee meeting January 19,<br />
2010.<br />
<br />
Meeting convened at 9:09 PM (ET) a quorum being present, the Chair and<br />
Secretary being present.<br />
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Attending: Grace Aaron, Sherry Gendelman, Mike Jones, Luzette King, Fred<br />
Klunder, R. Paul Martin, Simon Pius, Jamie Ross, Lavarn Williams, Bruce<br />
Wolf, Susan Young, also attending were Executive Director Arlene<br />
Engleheart and National Technical Director Jon Almeleh and Berthold<br />
Reimers.<br />
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Agenda:<br />
<br />
1. CPB funding<br />
2. National Office budget<br />
3. Motion regarding Management letter<br />
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<br />
Motion: "To approve the agenda." (passed without objection)<br />
<br />
CPB funding 9:11 PM (ET)<br />
<br />
The Executive Director said that Pacifica had gotten two checks from the<br />
CPB, one for just under $16,000 for KPFT, and one for under $35,000 for<br />
WBAI. She said that Pacifica had not yet received the checks for the other<br />
three stations. CPB grants were discussed.<br />
<br />
The National Technical Director said that WBAI, KPFK and WPFW had applied<br />
for and received grants for high definition radio but can't fulfill those<br />
grants.<br />
<br />
National Office budget 9:19 PM (ET)<br />
<br />
The committee discussed the National Office FY10 budget proposal.<br />
<br />
Motion: (Jamie Ross) "To approve the FY10 National Office budget,<br />
reserving 2 issues regarding closed session items." (Passed 8 for, 0<br />
against, 2 abstentions)<br />
<br />
Motion regarding Management letter 9:29 PM (ET)<br />
<br />
Motion: (Susan Young) "The NFC recommends that the Pacifica National Board<br />
instruct and monitor Management's development of strategies and<br />
implementation of measures to address deficiencies and material weaknesses<br />
identified in Management letters in conjunction with the 2008, and 2009,<br />
audits; that Board monitoring take the form of such actions as delegating<br />
the ongoing monitoring responsibility to the Audit Committee, reports be<br />
given to the board at least monthly, and that the board adopt policies and<br />
procedures that address these deficiencies as developed by Management.<br />
These actions need to be initiated immediately." (Passed without<br />
objection)<br />
The Chair noted that this was the last meeting of this NFC; a new<br />
committee with new PNB members will start next time. They will have to set<br />
up meetings. He wished the committee luck and he thanked the outgoing<br />
members.<br />
<br />
Motion: "To adjourn" (passed without objection)<br />
<br />
Adjourned 9:43 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary<br />