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PNB Finance Committee Resolution on WBAI Budget 9-24-04 |
From: Paul Surovell Date: Sat Sep 25, 2004 7:27 am Subject: NFC Resolutions 9-24-04 Resolutions Passed by the Pacifica National Finance Committee, 9-24-04 [All resolutions passed without objection] 1. Resolution on WBAI Budget Resolved that the National Finance Committee hereby requests the Executive Director to direct the WBAI General Manager to produce the following by 9-29-04 to be disseminated by email to the PNB and NFC: The following contingency budgets: The first based on the original management submitted budget; The second based on the LSB recommendations of 9-21-04, which should maximize non-salaried reductions in order to comply ,and if necessary, to include cuts in salary; And three, should salary cuts be necessary in budget number two, a third budget incorporating maximal cuts in all areas other than salaries and adjustments in income projections to produce a balanced budget; Further, the National Finance committee requests that all said budgets include a 1-month operating reserve, cashflow projections for any anticipated salary cuts where applicable, and agrees to revisit the adopted budget by 11-15-04. ------------------------------------ 2. Resolution on Process to Improve WBAI Fundraising The National Finance Committee asks the Pacifica National Board to endorse a process involving the WBAI LSB and WBAI management and the Pacifica Executive Director and CFO to find ways to improve WBAI's fundraising performance. ------------------------------------- 3. Resolution to Revisit All Budgets by 12-3-04 The National Finance Committee agrees to revisit the National Office budget and all other budgets by 12-3-04. ---------------------------------------- 4. The National Finance Committee recommends to the Pacifica National Board that the proposed FYR05 budget be approved once all contingencies have been fully discussed and disclosed. Respectfully submitted,
Paul Surovell |
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