Minutes for the regular National Finance Committee meeting June 29, 2010.<br />
<br />
Meeting convened at 8:38 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, Tracy Rosenberg, John Wanger, Lavarn Williams, Bruce<br />
Wolf. KPFT Business Manager Markisha Venzant Sampson and WBAI interim<br />
General Manager Berthold Reimers also participated in the meeting.<br />
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Agenda:<br />
<br />
1. KPFT budget<br />
2. Other budgetary issues<br />
3. Cost saving suggestions<br />
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<br />
Motion: (Summer Reece) "To approve the June 15, 2010, meeting minutes."<br />
(Passed without objection)<br />
<br />
Motion: (Summer Reece) "To approve the agenda." (Passed without objection)<br />
<br />
KPFT budget <br />
<br />
KPFT Business Manager Markisha Venzant Sampson reported that the two<br />
recent on-air fund raisers for KPFT came in at 86 to 87% of their goal.<br />
She said that for the FY11 budget they're only budgeting what they've<br />
actually been able to rise for FY10. The committee discussed getting<br />
donations from businesses for putting links on the KPFT Web site, Ms.<br />
Sampson said that lawyers had advised the practice was legal. She also<br />
reported that KPFT is projecting listener support to total $886,740 for FY<br />
10 and that's what they're budgeting for FY11.<br />
<br />
The CFO reported that board expenses might be lower in FY11 because there<br />
was a proposal to amend the bylaws to have fewer in-person PNB meetings.<br />
<br />
The committee discussed further details of the KPFT draft FY11 budget<br />
including if budgeting a reserve was realistic and whether adding pitching<br />
days to achieve a reserve was a good idea.<br />
<br />
The CFO said that we should add risks and opportunities to the FY11<br />
budget.<br />
<br />
The committee agreed to meet on July 6, and July 27. The chair noted that<br />
the committee should have an executive session after it's public session<br />
for its July 6, meeting, this was agreed. The notice of an executive<br />
session was posted during this meeting.<br />
<br />
Cost saving suggestions 10:46 PM (ET)<br />
<br />
John Wanger brought up the proposal that the Pacifica Foundation and its<br />
stations stop using Microsoft Office software and use instead Open<br />
Office.org software. The committee discussed this proposal. The Chair<br />
asked if Mr. Wenger could do a cost benefit analysis of this proposal, Mr.<br />
Wenger said he didn't have enough information about Pacifica's use of the<br />
Microsoft Office software to do that, but he would write something up<br />
about it.<br />
<br />
Motion: (Alberto Luera) "To adjourn." (Passed without objection)<br />
<br />
Adjourned 10:53 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary<br />