WORT Board of Directors Monthly meeting, April 26, 2006 Minutes

Approved, June 21, 2006

Convened 6:04 p.m.

Directors present: Herrick, Beckett, Lipton, Moore (staff rep), Richardson, Richard (minutes), Courtney

Directors absent: Lemke, Fung; Staff present: Stockwell

Minutes: September 19, 2005 (Lipton); March 15; April 12: all approved

Announcements/Communications from the public: None

Reports

Officers: no report

Staff

Music: report submitted

LS Dev: report submitted

Bus Dev: report submitted

Operations: report submitted

Vol Coor: report submitted

News: report submitted

Committees
Executive: no report
Finance: ACTION: Old Business: see 5B
Personnel: no report
MCOC: no report
Programming: report submitted
Engineering: report submitted
CAB: Action item: BoD approval needed of chair: Mitch Rosefelt and Sec’y: Joel Garb: Approved unanimously Fundraising: report submitted
Reg. Compliance: no report
Bylaws: no report
Events: met moments before BoD meeting—discussed block party
Elections: no report
Ad hoc Sister Radio: addendum by NS, applied for some grants; Evjue turned down. A.J. Muste (foundation)—waiting to hear

Audit Report: Overview from Wegner & Associates rep (submitted)

Old Business
Status review of collective bargaining process

NM: Staff presented their proposals (handed out). Directors wishing preparatory meeting on May 10 should contact SH no later than May 3

Negotiation day: May 12, 4:15 p.m., with Carrie Budahn, SEIU rep.

Funds management: consultation procedure and schedule (Finance Comm.)

$175K cash reserve as per Wegner’s advice, allocated as advised by Custer among CDs, bonds, and checking accounts

Annual Interest generated from cash reserves; Finance Committee proposes that they decide: re-invested, put into operations, etc.; but it will NOT be counted as a budget item as it has been: $6K, or 1% of total budget. Less cash, but higher rates.

Actions recommended by Committee: no motion needed.

Approved unanimously

New Business

Minutes posting protocols: No change: post in station lobby and post to internal blog

Sales rights for March 28, 2006 Radio Literature (proposal submitted)

IT WAS MOVED that the Madison Urban Spoken Word Poets use the recording for a term to be determined and that they may use it for their own fundraising

Moved by Moore; seconded by Courtney: Motion passed unanimously

Letter KB shared from Feingold re: public radio funding cuts (submitted)

Adjourn: 7:31