Minutes for the regular National Finance Committee meeting October 26,<br />
2010.<br />
<br />
Meeting convened at 8:49 PM (ET) a quorum being present, the Chair being<br />
absent and the Secretary being present.<br />
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Attending: Mike Jones, Alberto Luera, R. Paul Martin, Simon Pius, Summer<br />
Reese, Tracy Rosenberg, John Wenger, Lavarn Williams, Bruce Wolf, also<br />
attending was Pacifica Executive Director Arlene Engleheart.<br />
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Agenda:<br />
<br />
1. Approval of minutes<br />
<br />
2. Review of KPFA budget<br />
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<br />
Alberto Luera assumed the Chair and started the meeting.<br />
<br />
Approval of minutes 8:53 PM (ET)<br />
<br />
Motion: (R. Paul Martin) "To approve the minutes of the September 21,<br />
2010, meeting, and dispense with a reading of the minutes." (Passed<br />
without objection)<br />
<br />
Review of KPFA budget 8:54 PM (ET)<br />
<br />
Summer Reese arrived and assumed the Chair at 8:55 PM (ET)<br />
<br />
KPFA Treasurer Simon Pius presented the draft KPFA budget. Included was a<br />
Treasurer's summary.<br />
<br />
The committee discussed the draft budget. The main difference between this<br />
draft budget and a previous one is a reduction in compensation levels. The<br />
CFO noted that some corrections needed to be made. The budget calls for<br />
four additional days of fund raising at $25,000 a day.<br />
<br />
The CFO said that travel vouchers for PNB meetings for the past year were<br />
being gone through with a view to reclassifying entries.<br />
<br />
The Executive Director said that she was looking for KPFA to have 23.5<br />
FTEs in FY11; she also said that all of the budgets had to be monitored<br />
closely starting with the first quarter. The CFO said that the NFC should<br />
set aside time during each meeting to review budget compliance at each<br />
station.<br />
<br />
The problem of Treasurers not being given access to financial information<br />
at some stations was discussed.<br />
<br />
The Executive Director said that the KPFA Union had been consulted, there<br />
had been meetings and notifications would be sent out, she anticipated two<br />
months of paying at the usual rate plus severance.<br />
<br />
In the course of the discussion the committee agreed that the beginning<br />
cash for the budget was to be reduced by $40,000 at the suggestion of the<br />
CFO, and the ending balance would be $153,000.<br />
<br />
Motion: (Alberto Luera) "To approve the KPFA draft FY11 budget with the<br />
changes that have been mentioned and recommend it to the PNB." (Passed 6<br />
for, 2 against, 1 abstention)<br />
<br />
It was noted that while this budget was passed the WPFW draft budget had<br />
been held up because it was not submitted in the proper template. The<br />
committee discussed this.<br />
<br />
It was stated that the KPFK budget was presented incompetently being only<br />
a cut and paste of last year's budget with the result that some parts of<br />
the budget are a million dollars off.<br />
<br />
Motion: (Lavarn Williams) "That the committee meet on November 4, 2010."<br />
(Passed without objection)<br />
<br />
Motion: (R. Paul Martin) "To adjourn." (Passed without objection)<br />
<br />
Adjourned 10:45 PM (ET).<br />
<br />
Submitted by R. Paul Martin, Secretary.<br />
<br />