KPFK Finance Committe Meeting  2/25/2010<br />
<br />
Fred convenes  7:30<br />
<br />
Present: Fred Klunder, John Wenger, Terry Goodman, Lawrence Reyes, Kim<br />
Kaufman, Ken Aaron, Roger Zimmerman,<br />
Reza Pour, Bernie Eisenberg, Moe Mansour, Summer Reese, Tracy Larkins, Doug<br />
Barnett, Marla Bernstein<br />
<br />
(Tracy is not joining the committee)<br />
<br />
Distributed:<br />
<br />
a. FY'10 approved budget<br />
b. January 2010 KPFK Financials (Income Statement & Balance Sheet)<br />
c. FY'10 budget w/prior years (from CFO)<br />
d. 10/09-1/10 Consolidated P & L<br />
e. Fred's Appeal & Proposal re: Pacifica Fiscal Accountability Policy<br />
f. KPFK Staff List w/FTE breakdown<br />
<br />
1.  Discussion of FY'10 budget by Summer.  Questions from committee.<br />
    a) Doug asks about $45K capital expense scheduled for March.<br />
    b) Bernie asks about $130K increase in development expenses.<br />
2.  Discussion of committee staffing policy.<br />
    a) LSB to track committee volunteer hours.<br />
3.  Discussion of Fiscal Accountability Policy and alternatives.<br />
<br />
Motion from John Wenger that the KPFK Finance Committee recommends that the<br />
KPFK<br />
LSB urge our Directors to seek a 60-day deferral of the recently adopted<br />
Pacifica Accountability<br />
Policy pending adequate review by the KPFK LSB Finance Committee, and that<br />
the PNB seek <br />
specific policy recommendations from all LSB Finance Committees in response<br />
to the<br />
proposed policy changes. 10-2-2<br />
<br />
10:15 (On motion of Goodman) Meeting adjourned to time certain of<br />
Wednesday, March 3, <br />
2010 at 7:00 pm, at the station.<br />