Minutes for the regular National Finance Committee meeting April 12, 2011.<br />
<br />
Meeting convened at 8:35 PM (ET) a quorum being present, the Chair and<br />
Secretary being present.<br />
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Attending: Ken Aaron, Jim Boyd, Bill Crosier, Campbell Johnson, Kim<br />
Kaufman, R. Paul Martin, Tracy Rosenberg, Alex Steinberg, Barbara<br />
Whipperman, Lavarn Williams, Bruce Wolf,  also attending was Executive<br />
Director Arlene Englehardt.<br />
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Agenda:<br />
<br />
1. Approve Draft Agenda (10 minutes) <br />
2. Approve March Minutes (10 minutes) <br />
3. KPFK Budget (to be continued in closed session, if needed) (30 minutes)<br />
<br />
4. Update from Treasurers Meeting and 4-7 PNB re: timeline (20 minutes) <br />
5. Midyear Budget Review (1-2 Stations) (30 minutes) <br />
6. New Business - Motion from Ken Aaron (15 minutes) <br />
<br />
Motion : That a spreadsheet be maintained on the NFC Yahoo Group<br />
documenting the status of the different business units In compliance with<br />
the Budget Time Line.  This to be maintained by the secretary based on<br />
emails he receives from the committee members.<br />
<br />
Motion to add Arbitron ratings to budgets.<br />
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<br />
Motion: (Barbara Whipperman) "To approve the agenda." (Passed without<br />
objection)<br />
<br />
Approve March Minutes 8:43 PM (ET)<br />
<br />
Motion: (R. Paul Martin) "To approve the minutes of the March 8, and March<br />
22, meetings." (passed without objection)<br />
<br />
KPFK Budget 8:48 PM (ET)<br />
<br />
The committee discussed the proposed KPFK FY11 budget. The Chair pointed<br />
out that this had to get done at this meeting. Ways of balancing the<br />
budget were discussed as well as income assumptions . The Executive<br />
Director said that salary cuts would take two months.<br />
<br />
Motion: (Bill Crosier) "The NFC recommends to the PNB that the budget for<br />
the KPFK operating unit for FY11 be modified as per the included<br />
spreadsheet to reflect revenue of $3.2 million in total and expenses of<br />
about $2.65 million before central services in total as per the attached<br />
spreadsheet." (Passed 9 for, 0 against, 2 abstentions)<br />
<br />
The committee discussed who would plug in the new numbers, whether it<br />
would go back to the KPFK LSB and who would forward the KPFK FY11 budget<br />
to the PNB. It was decided that the Chair would put the numbers in and<br />
send the budget to the PNB.<br />
<br />
Adjourned 11:12 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary<br />
<br />