Minutes for the regular National Finance Committee meeting June 15, 2010.<br />
<br />
Meeting convened at 8:47 PM (ET) a quorum being present, the Chair and<br />
Secretary being present.<br />
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Attending: Alonzo Brown, Mike Jones, Alberto Luera, R. Paul Martin, Simon<br />
Pius, Summer Reece, Alex Steinberg, John Wenger, Lavarn Williams, Bruce<br />
Wolf. Executive Director Arlene Engleheart also participated in the<br />
meeting.<br />
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Agenda:<br />
1. Approve agenda<br />
2. Report from CFO<br />
3. Report from the Executive Director<br />
4. Report from each signal area about where they're at with FY11 budget<br />
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<br />
The Chair announced that Fred Klunder has resigned as Treasurer of KPFK<br />
due to work pressures. The new Treasurer is John Wenger.<br />
<br />
Motion: (Summer Reece) "To approve the agenda." (Passed without objection)<br />
8:47 PM (ET)<br />
<br />
Report from CFO 8:48 PM (ET)<br />
<br />
The CFO reported that she's sent out the results for May. She urged the<br />
Treasurers to consult with their General Managers and Business Managers to<br />
see if there are any variances. She noted that only 3 stations closed on<br />
time. WPFW is having a problem with low power on a loaner transmitter<br />
arrangement.<br />
	KPFK reached their goal of $660,000. KPFT came in at 86% of its goal with<br />
about $260,000. WBAI had a goal of $850,000 and made $855,279.<br />
	She noted that income for Pacifica is about $1.5M short of what was<br />
budgeted YTD, but she thinks that the KPFK drive starting late will<br />
account for about $600,000 of that.<br />
	The staff cuts at KPFA that were supposed to have been made by November<br />
2008, are being made now.<br />
	There was a discussion of the effect of on-air fund drives and elections<br />
happening at the same time.<br />
<br />
Motion: (Summer Reece) "That the NFC ask for a short synopsis of premiums<br />
offered at each station." (Passed without objection)<br />
<br />
Report from the Executive Director 9:24 PM (ET)<br />
<br />
The Executive Director emphasized the need to work together and wants to<br />
bring the station General managers to the July PNB meeting. The committee<br />
agreed that this was a good idea.<br />
<br />
The Chair directed the Secretary to note on the announcement for the June<br />
29, meeting on the KPFTX Calendar that there would be an executive session<br />
of the committee after it's public session. (This was done)<br />
<br />
Report from each signal area about where they're at with FY11 budget 9:29<br />
PM (ET)<br />
<br />
Each of the station representatives gave a short report on how their<br />
stations are getting along with the FY11 budget. There was a discussion of<br />
CPB funding and how it relates to FSRN.<br />
<br />
<br />
Motion: (Alberto Luera) "To adjourn." (Passed without objection)<br />
<br />
Adjourned 10:18 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary<br />