Minutes for the regular National Finance Committee meeting January 11, 2011.

Meeting convened at 8:53 PM (ET) a quorum being present, the Chair being absent, the Secretary being present.
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Attending: Jim Boyd, Kim Kaufman, Alberto Luera, R. Paul Martin, Summer Reese, Tracy Rosenberg, Alex Steinberg, Barbara Whipperman, Lavarn Williams, Bruce Wolf.
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Agenda:

1. Minutes
2. KPFK FY11 budget status
3, National Office FY11 budget
4. Pacifica Radio Archives FY11 budget
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In the absence of the Chair Alberto Luera assumed the Chair as Chair pro-tem of the meeting without objection.

Motion: (Alberto Luera) “To approve the agenda.” (Passed without objection)

Minutes 8:57 PM (ET)

The Secretary read the minutes of the December 21, 2010, meeting.

Motion: (R. Paul Martin) “To approve the December 21, 2010, minutes.” (passed without objection)

The Secretary read the minutes of the January 6, 2011, meeting.

Motion: (R. Paul Martin) “To approve the January 6, 2011, minutes.” (passed as amended without objection)

Amendment: (Kim Kaufman) “To strike ‘There were concerns raised about the hiring of two positions over the past year.’ and substitute, ‘There were concerns raised about unbudgeted hires over the past year.’” (passed without objection)

There was a discussion regarding versions of budgets and who would be in charge of keeping the adopted budgets available.

Motion: (Alberto Luera) “That all pending public session meeting minutes be adopted.” (Passed without objection)

The Chair joined the meeting but agreed that the Chair pro tem should continue chairing.

KPFK FY11 budget status 9:34 PM (ET)

The committee discussed the KPFK FY11 proposed budget. The income figures do not appear to be based on proven income, the CPB grant appears to be over estimated and there were questions about the head count.

The CFO said that a separate bank account would be established for the KPFK solar array project.

The CFO and the KPFK Treasurer agreed that they would meet with KPFK Management about the budget again tomorrow morning.

Motion: (R. Paul Martin) “That the NFC meet again on January 13, 2011, at 8:00 PM (ET) for the sole purpose of reviewing the KPFK FY11 budget that will be presented by NFC members who will be meeting with Management about it.” (Passed without objection)

National Office FY11 budget 10:29

The committee discussed the National Office FY11 budget proposal. The CFO reported that she’s sent part of the budget out and will send the rest tomorrow.

Motion: “To amend the previous motion to add ‘all outstanding budgets.’” (passed without objection)

Motion as amended and adopted: “That the NFC meet again on January 13, 2011, at 8:00 PM (ET) for the sole purpose of reviewing all outstanding budgets including the KPFK FY11 budget that will be presented by NFC members who will be meeting with Management about it.”

Motion: (R. Paul Martin) “To adjourn to executive session.” (Passed without objection)

Adjourned 10:43 PM (ET)

Submitted by R. Paul Martin, Secretary.