Minutes for the special National Finance Committee meeting September 9,<br />
2011.<br />
<br />
Meeting convened at 8:42 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. KPFA draft FY12 budget.<br />
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<br />
KPFA draft FY12 budget<br />
<br />
The committee continued its discussion of the KPFA draft FY12 budget<br />
proposal. Some members wanted to discuss the revenue side of the budget<br />
some more and that was done. Changes were made to the draft budget's<br />
revenue projections.<br />
<br />
Motion: (Ken Aaron) "That the total KPFA FY12 revenue be lowered to $3.5<br />
million by cutting down $51,000 from the 'Grant Income' account 5800,<br />
lowering the 'Website Income- Non-FDrive' account 5011 to $60,000, and<br />
reducing 'Donation (<$1K per)' account 5001 to $125,000."<br />
<br />
Amendment: (Tracy Rosenberg) "To reduce account 5800 to $25,000." (Passed 7<br />
for, 0 against, 4 abstentions)<br />
<br />
Motion as amended: "That the total KPFA FY12 revenue be lowered to $3.5<br />
million by reducing the 'Grant Income' account 5800 to $25,000, lowering<br />
the 'Website Income- Non-FDrive' account 5011 to $60,000, and reducing<br />
'Donation (<$1K per)' account 5001 to $125,000." (Passed as amended 9 for,<br />
0 against, 2 abstentions)<br />
<br />
The committee proceeded to a discussion of the expenses in the KPFA draft<br />
FY12 budget proposal, including depreciation.<br />
<br />
Motion: (Barbara Whipperman) "That the committee end this discussion now<br />
and wait for Executive Director Arlene Englehardt to get us information on<br />
how to handle depreciation." (Fails 2 for, 9 against, 0 abstentions)<br />
<br />
Motion: (Alex Steinberg) "To cap KPFA's FY12 total 'Personnel Costs,' line<br />
62, at $1.8 million." (Passed 6 for, 2 against, 3 abstentions)<br />
<br />
Motion: (Tracy Rosenberg) "To set account 5001 'Donation (<$1K per)' at<br />
$145,000, set account 6530 'Professional/Legal Fees' at $70,000, set acct<br />
6300 'Consultants' to $0, set acct 1400 'Broadcast/TechEq' to $8,500."<br />
(Passed without objection)<br />
<br />
Motion: (Tracy Rosenberg) "The NFC recommends to the PNB approval of the<br />
amended KPFA FY12 budget." (Passed without objection)<br />
<br />
The Chair said that she'd send us the new spreadsheet, and if we had any<br />
questions they could be brought up at the next meeting.<br />
<br />
Adjourned 12:48 AM September 10, 2011.<br />
<br />
Submitted by R. Paul Martin, Secretary.<br />