<html><body>Does that mean David Steffen is eating up the current underwriting income in salary and benefits? beth<br /><br /><blockquote><br />----- Original Message -----<br /><div style="width:500px;background:rgb(228,228,228);"><div style="font-weight:bold;">From:</div> "doug mckenty" <dougmck@gmail.com></div><br /><div style="font-weight:bold;">To:</div>"Kzyxtalk@lists.mcn.org" <Kzyxtalk@lists.mcnorg><br /><div style="font-weight:bold;">Cc:</div><br /><div style="font-weight:bold;">Sent:</div>Fri, 28 Feb 2014 00:12:20 -0800<br /><div style="font-weight:bold;">Subject:</div>[Kzyxtalk] Finances<br /><br /><br />
I have been looking at the GM reports going back to 2008 in order to discern the evolution of the financial crisis. Near as I can tell, most of the 95k in debt was accrued in the fourth quarter of that year. 2009 was a terrible year, resulting in the 175k of debt we have become accustomed to hearing about. <div>
<br /></div><div>Last year was a good year due in large part to 60k in unexpected CPB grant increases, though membership donations were higher than expected as well.</div><div><br /></div><div>Underwriting is down from 100k in 2008 to about 40k, and KZYX does spend about 30k on programming...down from about 55k in earlier years (perhaps due to rural status with NPR).</div>
<div><br /></div><div>I urge you all to take a look at the managers reports. Remember the fiscal year ends June 30 so the July reports contain yearly budget info. </div><div><br /></div><div>Doug</div>
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