Finance

Whereas the PNB recognizes both the concerns of the WBAI LSB and the management and whereas the PNB needs to adopt a FY05 budget for Pacifica, the PNB hereby chooses to approve the WBAI Budget Proposal #3, and directs the National Finance Committee to revisit said budget by November 15, 2004; and further endorses the National Finance Committee requirement that the WBAI LSB, Management, the Executive Director, and the Chief Financial Officer work to improve the WBAI fundraising performance and premium fulfillment.
10/04

That the PNB choose the budget without central services ( 3%) and that in 6 months the Archive conduct a real cost analysis of the whole Archive budget.
10/04

Resolved:
1) That the PNB Governance Committee shall develop a policy regarding preview of and/or approval of contracts developed by and/or entered into by Pacifica Foundation or any of its stations/units, to be presented for Board consideration at the next regularly scheduled meeting of the Pacifica Foundation Board of Directors.

That the Pacifica National Board affirms the right of the Treasurers of the LSBs, acting on behalf of the local Finance Committees, to have absolute access to all financial data, including, but not limited to, salaries, head-count, and source documents which support the budget line items. When confidential information is involved, the information will be reviewed in executive session only by the Treasurers and the LSB members of the Committee.
6/04

MOTION to approve WBAI Bank of New York check signing authorization assigned to the ED, CF0, WBAI GM and WBAI Development director Denise Hayes.
6/04

That Schwab share transfer authorization should be assigned to the ED and CFO
3/04

This committee includes only the CFO, a director from each station and the LSB treasurers as specifically stated in the bylaws.
3/04