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    <div class="moz-cite-prefix">David,<br>
      Please correct the information if it is incorrect.<br>
      The logic seems good to me.<br>
      If the current underwriting is 40k that would probably equal your
      salary and benefits package, no?<br>
      Thanks,<br>
      Kelly<br>
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        <span style="font-size: 10pt;"><a moz-do-not-send="true"
            href="mailto:grimie@mcn.org"></a></span> </div>
      On 2/28/2014 7:09 AM, David wrote:<br>
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    <blockquote cite="mid:4BB5F1CF924F445AB71BA3FA8174D0D5@Underwriting"
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        <p class="MsoNormal"><font color="navy" face="Arial" size="2"><span
              style="font-size:
              10.0pt;font-family:Arial;color:navy">No Beth. You&#8217;re
              incorrect. <o:p></o:p></span></font></p>
        <p class="MsoNormal"><font color="navy" face="Arial" size="2"><span
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              10.0pt;font-family:Arial;color:navy"><o:p>&nbsp;</o:p></span></font></p>
        <p class="MsoNormal"><font color="navy" face="Arial" size="2"><span
              style="font-size:
              10.0pt;font-family:Arial;color:navy">David<o:p></o:p></span></font></p>
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              style="font-size:
              10.0pt;font-family:Arial;color:navy"><o:p>&nbsp;</o:p></span></font></p>
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          <p class="MsoNormal"><font color="navy" face="Bodoni MT Black"
              size="2"><span
                style="font-size:10.0pt;font-family:&quot;Bodoni MT
                Black&quot;;color:navy">David Steffen</span></font><font
              color="navy"><span style="color:navy"><o:p></o:p></span></font></p>
          <p class="MsoNormal"><font color="navy" face="Bodoni MT Black"
              size="2"><span
                style="font-size:10.0pt;font-family:&quot;Bodoni MT
                Black&quot;;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 color="navy" face="Bodoni MT Black"
              size="2"><span
                style="font-size:10.0pt;font-family:&quot;Bodoni MT
                Black&quot;;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 color="navy" face="Bodoni MT Black"
              size="2"><span
                style="font-size:10.0pt;font-family:&quot;Bodoni MT
                Black&quot;;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 color="navy" face="Bodoni MT Black"
              size="2"><span
                style="font-size:10.0pt;font-family:&quot;Bodoni MT
                Black&quot;;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 color="navy" face="Times New Roman"
              size="3"><span style="font-size:12.0pt;color:navy">&nbsp;</span></font><o:p></o:p></p>
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          <p class="MsoNormal"><b><font face="Tahoma" size="2"><span
                  style="font-size:10.0pt;
                  font-family:Tahoma;font-weight:bold">From:</span></font></b><font
              face="Tahoma" size="2"><span
                style="font-size:10.0pt;font-family:Tahoma">
                <a class="moz-txt-link-abbreviated" href="mailto:kzyxtalk-bounces@lists.mcn.org">kzyxtalk-bounces@lists.mcn.org</a>
                [<a class="moz-txt-link-freetext" href="mailto:kzyxtalk-bounces@lists.mcn.org">mailto:kzyxtalk-bounces@lists.mcn.org</a>] <b><span
                    style="font-weight:bold">On Behalf Of </span></b><a class="moz-txt-link-abbreviated" href="mailto:nsi@mcn.org">nsi@mcn.org</a><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;
                <a class="moz-txt-link-abbreviated" href="mailto:Kzyxtalk@lists.mcn.org">Kzyxtalk@lists.mcn.org</a><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" style="margin-bottom:12.0pt"><font
            face="Times New Roman" size="3"><span
              style="font-size:12.0pt">Does that mean David
              Steffen is eating up the current underwriting income in
              salary and
              benefits?&nbsp;&nbsp; beth<o:p></o:p></span></font></p>
        <p class="MsoNormal"><font face="Times New Roman" size="3"><span
              style="font-size:
              12.0pt"><br>
              ----- Original Message -----<o:p></o:p></span></font></p>
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          <div>
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          <p class="MsoNormal" style="background:#E4E4E4"><font
              face="Times New Roman" size="3"><span
                style="font-size:12.0pt">"doug mckenty"
                <a class="moz-txt-link-rfc2396E" href="mailto:dougmck@gmail.com">&lt;dougmck@gmail.com&gt;</a><o:p></o:p></span></font></p>
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          <p class="MsoNormal"><b><font face="Times New Roman" size="3"><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 face="Times New Roman" size="3"><span
              style="font-size:
              12.0pt"><a class="moz-txt-link-rfc2396E" href="mailto:Kzyxtalk@lists.mcn.org">"Kzyxtalk@lists.mcn.org"</a>
              <a class="moz-txt-link-rfc2396E" href="mailto:Kzyxtalk@lists.mcnorg">&lt;Kzyxtalk@lists.mcnorg&gt;</a><o:p></o:p></span></font></p>
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          <p class="MsoNormal"><b><font face="Times New Roman" size="3"><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 face="Times New Roman" size="3"><span
              style="font-size:
              12.0pt"><o:p>&nbsp;</o:p></span></font></p>
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          <p class="MsoNormal"><b><font face="Times New Roman" size="3"><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 face="Times New Roman" size="3"><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 face="Times New Roman" size="3"><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 face="Times New Roman" size="3"><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. &nbsp;Near as I can
              tell,&nbsp;most of
              the 95k in debt was accrued in the fourth quarter of that
              year.&nbsp;&nbsp;2009
              was a terrible year, resulting in the 175k of debt we have
              become accustomed to
              hearing about. &nbsp;<o:p></o:p></span></font></p>
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                style="font-size:
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          <p class="MsoNormal"><font face="Times New Roman" size="3"><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 face="Times New Roman" size="3"><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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                style="font-size:
                12.0pt"><o:p>&nbsp;</o:p></span></font></p>
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        <div>
          <p class="MsoNormal"><font face="Times New Roman" size="3"><span
                style="font-size:
                12.0pt">I urge you all to take a look at the managers
                reports. &nbsp;Remember
                the fiscal year ends June 30 so the July reports contain
                yearly budget info.
                &nbsp;<o:p></o:p></span></font></p>
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                style="font-size:
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          <p class="MsoNormal"><font face="Times New Roman" size="3"><span
                style="font-size:
                12.0pt">Doug<o:p></o:p></span></font></p>
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      <pre wrap="">_______________________________________________
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</pre>
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