Minutes for the regular National Finance Committee meeting March 22, 2011.

Meeting convened at 8:34 PM (ET) a quorum being present, the Chair and
Secretary being present.
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Attending: Ken Aaron, Jim Boyd, Bill Crosier, Campbell Johnson, Kim
Kaufman, R. Paul Martin, Tracy Rosenberg, Alex Steinberg, Barbara
Whipperman, Lavarn Williams, Bruce Wolf, also attending was Executive
Director Arlene Englehardt.
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Agenda:

1. Approve Minutes (5 minutes)

2. Approve Draft Agenda (5 minutes)

3. Finance Committee 2011 Timeline (20 minutes)

4. KPFK Budget (30 minutes)

5. 1st Quarter Reviews (1-2 stations - as possible) (30 minutes)

6. PTFP review

7. Review Action Item.

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Approve Minutes 8:36 PM (ET)

A member objected to approving the minutes because the practice of posting
them to the committee's mailing list's Yahoo! Web site meant that they were
not sent directly to him.

Motion: (Campbell Johnson) "As requested by members the minutes should be
provided in timely fashion whether by E-mail or otherwise." (Fails 1 in
favor, 9 opposed, 1 abstention)

Point of Order: (Campbell Johnson) It shouldn't have to be a motion.

The Chair ruled that the minutes were accessible, and that a motion would
be required if the member wanted minutes mailed to members who request it.

Point of Order: (Campbell Johnson) Robert's Rules of Order makes it
mandatory that minutes be accessible.

The Chair ruled that the minutes were accessible.

Motion: (Campbell Johnson) "Appeal of the ruling of the Chair." (Fails 1
for, 10 against)

Motion: "To approve the outstanding minutes of the January 11, 2011, and
January 13, 2011, meetings." (passed 7 for, 1 against, 3 abstentions)

Approve Draft Agenda 9:00 PM (ET)

Motion: (Tracy Rosenberg) "To approve the agenda." (Passed without
objection)

Finance Committee 2011 Timeline 9:04 PM (ET)

The committee discussed the timeline, including timelines from the past.
The 2006, timeline was read.

It was agreed that the Treasurers would meet with the CFO on March 29,
2011, at 7:00 PM (ET) to discuss the FY12 budget and timeline.

Motion: (Ken Aaron) "Item E on the FY12 budget timeline shall state, 'The
LSBs shall deliver an LSB approved budget to the CFO and NFC as of July
31st. If such does not occur the NFC shall take whatever action it decides
will be most appropriate to provide a proper Budget in a reasonable time.'"
(passed 7 for, 2 against, 2 abstentions)

Amendment: (Barbara Whipperman) "To change the date to August 31, and
after 'if that does not occur,' substitute 'then said budget shall be
completed by the NFC and CFO without further approval of the LSB or the
budget unit involved.'" (fails 2 in favor, 5 opposed, 4 abstentions)

The timeline as adopted is appended at the end of these minutes.

Motion: (R. Paul Martin) "To adjourn to the executive session." (Passed
without objection)

Adjourned 10:53 PM (ET)

Submitted by R. Paul Martin, Secretary

Appendix: FY12 budget timeline resulting from discussions and motion at
this meeting:

Approved by the NFC March 22, 2011Modification of
February 2006 ScheduleItem #DeadlineWho InitiatesActionAMarch 31stCFOMeet
with treasurers to outline budget development process and paperwork
submission requirements. * Meeting has been scheduled by CFO with all 5
station treasurers for March 29th.BApril 30thLocal Finance or Budget
Committees Identify and rank budget priorities in order of importanceCMay
31stGM's and BM"s in collaboration with local finance/budget committees
and CFOGenerate draft station budgets and submit to CFO for reviewDJune
30thLocal finance/budget committees and CFOCompile and distribute draft
station budgets to LSBs and NFC for reviewEJuly 31stLSB'sReview and act
upon draft station budgets by approving as-is or with amendments. The LSBs
shall deliver an LSB approved budget to the CFO and NFC as of July 31st.
If such does not occur the NFC shall take whatever action it decides will
be most appropriate to provide a proper Budget in a reasonable
time.FAugust 7thCFOCompile and Distribute final draft station and network
budgets to NFC to review and act upon.GAugust-11NFCReview and act upon
station and network budgets by approving as-is or with
amendmentsHSeptember 7thCFODistribute final budget proposal to the
PNBISeptember 30thPNBReview and adopt final network budget for fiscal year
beginning October 1, 2011