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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>No Beth. You’re incorrect. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>David<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><font size=2 color=navy face="Bodoni MT Black"><span
style='font-size:10.0pt;font-family:"Bodoni MT Black";color:navy'>David Steffen</span></font><font
color=navy><span style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face="Bodoni MT Black"><span
style='font-size:10.0pt;font-family:"Bodoni MT Black";color:navy'>KZYX Business
Development</span></font><font color=navy><span style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face="Bodoni MT Black"><span
style='font-size:10.0pt;font-family:"Bodoni MT Black";color:navy'>(707)
895-2324 office</span></font><font color=navy><span style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face="Bodoni MT Black"><span
style='font-size:10.0pt;font-family:"Bodoni MT Black";color:navy'>(707)
322-9895 cell</span></font><font color=navy><span style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face="Bodoni MT Black"><span
style='font-size:10.0pt;font-family:"Bodoni MT Black";color:navy'>(707)
895-2451 fax</span></font><font color=navy><span style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=navy face="Times New Roman"><span
style='font-size:12.0pt;color:navy'> </span></font><o:p></o:p></p>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
kzyxtalk-bounces@lists.mcn.org [mailto:kzyxtalk-bounces@lists.mcn.org] <b><span
style='font-weight:bold'>On Behalf Of </span></b>nsi@mcn.org<br>
<b><span style='font-weight:bold'>Sent:</span></b> Friday, February 28, 2014
4:34 AM<br>
<b><span style='font-weight:bold'>To:</span></b> doug mckenty;
Kzyxtalk@lists.mcn.org<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [Kzyxtalk] Finances</span></font><o:p></o:p></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>Does that mean David
Steffen is eating up the current underwriting income in salary and
benefits? beth<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><br>
----- Original Message -----<o:p></o:p></span></font></p>
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<p class=MsoNormal style='background:#E4E4E4'><b><font size=3
face="Times New Roman"><span style='font-size:12.0pt;font-weight:bold'>From:<o:p></o:p></span></font></b></p>
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<p class=MsoNormal style='background:#E4E4E4'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>"doug mckenty"
<dougmck@gmail.com><o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><b><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-weight:bold'>To:<o:p></o:p></span></font></b></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>"Kzyxtalk@lists.mcn.org" <Kzyxtalk@lists.mcnorg><o:p></o:p></span></font></p>
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<p class=MsoNormal><b><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-weight:bold'>Cc:<o:p></o:p></span></font></b></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><b><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-weight:bold'>Sent:<o:p></o:p></span></font></b></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Fri, 28 Feb 2014 00:12:20 -0800<o:p></o:p></span></font></p>
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<p class=MsoNormal><b><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-weight:bold'>Subject:<o:p></o:p></span></font></b></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>[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. <o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>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.<o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>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).<o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>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.
<o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Doug<o:p></o:p></span></font></p>
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