KPFK Local Station Board Finance Committee

Meeting Minutes of June 6, 2011

(draft minutes - not approved)

The regular, monthly meeting of the KPFK LSB Finance Committee was held on
Monday, June 6, 2011 at 7:30 PM (scheduled) at Radio Station KPFK, 3729
Cahuenga Blvd. West, North Hollywood, California, CA 91604-3504. Kim Kaufman
served as Chair. John P. Garry III served as Secretary Pro-Tem.

Six LSB members were present, constituting a quorum: Ken Aaron, Fred Blair, Kim
Kaufman, Margie Murray (arrived 7:56), Summer Reese, (arrived 7:51), John
Wenger (arrived 7:46).

Two listener members were present: John De Simio, John P. Garry III.

Two LSB members were absent: Brenda Medina, Fred Klunder.

One listener member was absent: Israel Feuer.

One LSB member was excused: Leonard Isenberg

Also present: Douglas Barnett, Marla Bernstein, Michael Novick (KPFK LSB),

Authority and Notice: This meeting was authorized by the Finance Committee at
its April 4, 2011 meeting. Specific notice for this meeting was posted on and other websites beginning on April 22, 2011 (see Appendix A).

Contact: Google Groups "KPFK LSB Finance Committee."
To post to this group, send email to

Quorum lacking, a working committee meeting was convened by the Chair at 7:33

The Chair enumerated the membership of the committee, based on attendance at
the previous meeting: LSB members: Kaufman, Aaron, Blair, Isenberg, Klunder,
Medina, Murray, Reese, Wenger. Listener members: De Simio, Feuer, Garry.

Minutes Approval
Cash Policy
LSB Resolution review
9:30 PM adjournment

Quorum achieved, the meeting was called to order by the Chair at 7:51 PM.


Public events should have a designated chairperson to interface with staff,
management, volunteers and LSB.

The Development Director or, if absent, the Business manager, shall be
responsible for the control and reporting of all inventory, costs, and cash at
all public events.

The Finance Committee, along with the interim Development Director, shall
develop and implement an inventory control system for events, including
merchandise, tickets and opening cash and including cash reconciliation sheets.

Members of the Finance Committee shall be authorized to participate in the
handling of merchandise and cash at events.

Three people should sign off on all cash receipts and be present at all times
with cash collections and reconciliation.

Drink tickets shall be inventoried and accounted for as cash.

Have a lock box for cash.

A protocol shall be developed for how to handle cash after an event.

All events shall have a full post-event financial report prepared by management
and submitted electronically to the LSB Finance Committee within 30-60 days of
the event, detailing all itemized expenses, gross proceeds and net profits. All
expenses must be documented with receipts, included gifted items.

Motion passed without objection.


The minutes for January 31, 2011 were approved without objection.
The minutes for March 14, 2011 were approved without objection.
The minutes for April 4, 2011 were approved without objection.


Motion from Novick: The Finance Committee and Station Management shall hold a
collaborative meeting to discuss the FY 2012 budget by objectives, which shall
be completed by the end of this fiscal year (August 31, 2011). The Finance
Committee shall refer to past motions and collect objectives from the entire
LSB. Withdrawn after discussion.

Kaufman suggested inviting the General Manager to the next Finance Committee

Novick moved to extend 5 minutes. Passed without objection.

The next meeting was scheduled June 27, 2011 next meeting.

Meeting adjourned without objection at 9:41 PM.

Respectfully submitted by John P. Garry III, Finance Committee Secretary Pro-
(these minutes have not been approved)

APPENDIX A-Meeting Notice

Emailed by Terry Goodman on Friday, April 22, 2011 10:54:31 AM

The KPFK Local Station Board's Finance Committee will meet on Monday,
June 6, 2011 beginning at 7:30 pm at the KPFK station, 3729 Cahuenga
Blvd. West, North Hollywood, CA 91604, 3/4 block southeast of the
intersection of Lankershim and Ventura Blvds. Main phone: (818)