Minutes for the regular National Finance Committee meeting August 9, 2011.<br />
<br />
Meeting convened at 8:33 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, Barbara Whipperman, Lavarn<br />
Williams, Bruce Wolf,  also attending were Executive Director Arlene<br />
Englehardt, WPFW General Manager John Hughes and WPFW Business Manager<br />
Robert West.<br />
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Agenda:<br />
<br />
1. Approve Draft Agenda (5 minutes)<br />
2. Approve 8-2 Draft Minutes (5 minutes)<br />
3. Houston Divisional Budget - Approve or Modify (20  minutes)<br />
4. WPFW Divisional Budget (45  minutes)<br />
5. WBAI Budget Process Update (10  minutes)<br />
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<br />
Motion: (Tracy Rosenberg) "To approve the agenda." (Passed without<br />
objection)<br />
<br />
Approve 8-2 Draft Minutes 8:38 PM (ET)<br />
<br />
Motion: (Bruce Wolf) "To approve the minutes of the August 2, 2011,<br />
meeting." (Passed without objection)<br />
<br />
Houston Divisional Budget - Approve or Modify 8:39 PM (ET)<br />
<br />
The committee discussed the KPFT draft FY12 budget proposal.<br />
<br />
Motion: (Ken Aaron) "The NFC recommends to the PNB the adoption of the<br />
KPFT FY12 budget version 6." (Passed without objection)<br />
<br />
WPFW Divisional Budget 8:52 PM (ET)<br />
<br />
The committee discussed the WPFW draft FY12 budget proposal at length.<br />
WPFW General Manager John Hughes and WPFW Business Manager Robert West<br />
joined the committee discussions and answered questions.<br />
<br />
It was reported that the WPFW LSB has approved the station's FY12 budget<br />
at its August 3, 2011, meeting.<br />
<br />
Motion: (Tracy Rosenberg) "The NFC requests the following documents to<br />
support the proposed WPFW FY12 divisional budget: a) a contingency plan<br />
that addresses a possible revenue shortfall in the range of 20% from the<br />
proposed budget for FY12, and b) a National Office contingency plan that<br />
addresses the challenge of directing additional resources towards WPFW if<br />
needed. The NFC will promptly review the WPFW budget on the submission of<br />
those two documents." (Passed without objection)<br />
<br />
WBAI Budget Process Update 10:43 PM (ET)<br />
<br />
The WBAI LSB will not be meeting on August. 10. The committee discussed a<br />
waibver for the station.<br />
<br />
Motion: (Bill Crosier) "To extend the deadline to August 23, for WBAI."<br />
(Passed 5 for, 3 against, 2 abstentions)<br />
<br />
Adjourned 10:54 PM (ET)<br />
<br />
Submitted by R. Paul Martin, Secretary.<br />