Minutes
Western State Public Radio Board of Directors
Conference Call 4/15/10
Attendance: Stankavich, Holp, Mara, Schwartz
Meeting called to order by Chairman Stankavich at 1:30 p.m. PST
Financial
report:
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Western States
Public Radio |
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Financial Report
FY10 |
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July 1, 2009 to
April 5, 2010 |
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Actual
4/14/10 |
Budget |
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Beginning Balance |
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$9,417.32 |
$9,417.32 |
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Income |
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FY10 Memberships |
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$9,100.00 |
$9,000.00 |
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2009 Conference
Registrations |
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$12,800.00 |
$12,550.00 |
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2009 Sponsorships |
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$5,450.00 |
$5,450.00 |
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Bank Interest |
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$2.19 |
$0.00 |
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FY11 Memberships |
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$0.00 |
$0.00 |
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Total Income |
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$27,352.19 |
$27,000.00 |
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Expenses |
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2009 Conference
Expenses |
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$14,993.84 |
$16,000.00 |
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2010 Conference
Expenses |
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$0.00 |
$0.00 |
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Travel |
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$2,415.68 |
$6,000.00 |
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Administrative
Expenses |
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$105.99 |
$4,000.00 |
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Total
Expenses |
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$17,515.51 |
$26,000.00 |
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Ending Balance |
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$19,254.00 |
$10,417.32 |
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*note: $1000
in Nov. 2009 Conference expenses occurred in FY09. |
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Balance Sheet: |
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Current
Assets |
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Checking
Account |
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4,968.07 |
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Market
Account |
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14,285.93 |
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Total
Checking/Savings |
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19,254.00 |
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*Accounts
Receivable |
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0.00 |
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Total
Accounts Receivable |
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0.00 |
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Total
Current Assets |
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19,254.00 |
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Equity |
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Fund
Balance |
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9,417.32 |
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Net
Income |
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9,836.68 |
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Total
Equity |
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19,254.00 |
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The financial report was sent to board members prior to the meeting and there were no questions or discussion.
Planning for upcoming conference:
The board reviewed 10
proposals from hotels in
The board voted to begin negotiations with The Platinum as it is a non-casino hotel, room rates would be $109 per night, with a banquet minimum of $3,000 for the meeting rooms.
Other issues regarding the agenda and other activities associated with the conference were delayed until the next meeting.
Next board meeting is scheduled for May 20 at 1:00 p.m. PST.
Respectfully submitted,
Karen Holp, Acting Secretary