Draft Minutes for the regular National Finance Committee meeting August 31,<br />
2010.<br />
<br />
Meeting convened at 8:47 PM (ET)  a quorum being present, the Chair being<br />
absent the 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, Alex Steinberg, John Wenger, Lavarn<br />
Williams, Bruce Wolf.<br />
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Agenda:<br />
<br />
1. Approve minutes<br />
<br />
2. Review the KPFT budget<br />
<br />
3. Look at WPFW budget<br />
<br />
4. Executive session<br />
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<br />
The Secretary convened the meeting and asked for a volunteer to be Chair<br />
pro tem. Alberto Luera volunteered.<br />
<br />
Alberto Luera took the chair. 8:50 PM (ET)<br />
<br />
The committee Chair arrived and took the chair. 8:51 PM (ET)<br />
<br />
Motion: (Summer Reece) "To approve the agenda." (Passed without objection)<br />
<br />
Approve minutes 8:53 PM (ET)<br />
<br />
The Secretary read the minutes.<br />
<br />
Motion: (Summer Reece) "To approve the minutes of the August 24, 2010,<br />
meeting." (passed without objection)<br />
<br />
Review KPFT budget 9:02 PM (ET)<br />
<br />
The committee discussed the KPFT FY11 budget. It has been approved by the<br />
KPFT LSB.<br />
<br />
Problems with KPFT's transmitter and HD2 operations were discussed.<br />
Fulfillment rates and billing issues were discussed. It was noted that<br />
there have been no salary increases at KPFT for three years, but that<br />
health premiums have gone up.<br />
<br />
All of the budget sheets were requested. The CFO sent them out in<br />
response.<br />
<br />
The issue of software acquisition for all Pacifica stations was discussed.<br />
<br />
Motion: (Alberto Luera) "That the NFC approve the KPFT FY11 budget and<br />
submit it to the PNB for formal adoption." (Passed without objection)<br />
<br />
The National Office budget was briefly discussed.<br />
<br />
The committee discussed the agenda, and members reported each station's<br />
progress so far on the FY11 budget.<br />
<br />
Look at WPFW budget 9:59 PM (ET)<br />
<br />
It was reported that WPFW's LSB has approved its FY11 budget. The budget<br />
ends up with a reserve of $168. The Treasurer of WPFW reported that the<br />
FY10 budget had not been realistic and that this one is more accurate.<br />
Some Staff hours have been reduced and a number of other expenses have<br />
been reduced. WPFW is currently litigation free. It was noted that WPFW's<br />
lease is up at the end of 2012; the station may have to lease space again.<br />
WPFW has to increase its revenue and intends to start paying central<br />
services.<br />
<br />
The CFO reported that telemarketing had been eliminated from the budget<br />
because the returns did not justify it.<br />
<br />
The WPFW Treasurer reported that the FY10, actuals had been used as a<br />
basis for the FY11 budget, and that in early FY08 WPFW had about $700,000<br />
in reserve.<br />
<br />
WPFW's transmitter troubles were discussed. The transmitter was down for<br />
part of two on-air fund raisers this year.<br />
<br />
The format of WPFW's FY11 budget spreadsheet was discussed. The committee<br />
was told that it would get the budget in the standard format next week.<br />
<br />
The fact that the leases for both WPFW and WBAI will be up at the end of<br />
2012, was discussed.<br />
<br />
Motion: (Alberto Luera) "To adjourn to the executive session." (passed<br />
without objection)<br />
<br />
Adjourned 10:41 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary<br />
<br />