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<body class='hmmessage'><div dir='ltr'>Hi Doug,<div><br></div><div><br></div><div>I'm missing something too. Like last year's budget.</div><div><br></div><div><br></div><div>So when it says 'Actual' for 2015, I went to the 2015 audit. It probably </div><div><br></div><div><br></div><div>means the 2016 audit. Which hasn't been prepared yet. And the Form </div><div><br></div><div><br></div><div>990 that's past due.</div><div><br></div><div><br></div><div>Nonetheless, the '2016 Budget As Passed' identifies a budget that I</div><div><br></div><div><br></div><div>can't seem to find. It's not in the GM reports here:</div><div><br></div><div><br></div><div><a href="http://www.kzyx.org/index.php/about-us/station-business/general-managers-reports" target="_blank">http://www.kzyx.org/index.php/about-us/station-business/general-managers-reports</a></div><div><br></div><div><br></div><div>It was referred to in the meeting minutes here:</div><div><br></div><div><br></div><div><a href="http://kzyx.org/Board/MCPB%20Board%20Minutes%206-29-15.pdf" target="_blank">http://kzyx.org/Board/MCPB%20Board%20Minutes%206-29-15.pdf</a></div><div><br></div><div><br></div><div>But never posted anywhere.</div><div><br></div><div><br></div><div>So perhaps the 'Actual' is for this year, which isn't finished. But that</div><div><br></div><div><br></div><div>brings up a concern. Revenues are now at $501,695. With expenses at </div><div><br></div><div><br></div><div>$568,912. For a net loss of ($67,217). That amount is subtracted from</div><div><br></div><div><br></div><div>net assets. At the end of last year, that amount was $78,446:</div><div><br></div><div><br></div><div><a href="http://kzyx.org/Board/audits/MCPB-Audit-Report6-30-15.pdf" target="_blank">http://kzyx.org/Board/audits/MCPB-Audit-Report6-30-15.pdf</a></div><div><br></div><div><br></div><div>So if this estimate is accurate, MCPB's current net asset balance is</div><div><br></div><div><br></div><div>$11,229.</div><div><br></div><div><br></div><div>At a monthly 'burn rate' of $5,000, that gives MCPB less than three </div><div><br></div><div><br></div><div>months <span style="font-size: 12pt;">before it bottoms out.</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">I nearly missed this budget. It's parked in a spot on the KZYX website</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">where members can't find it. It's not linked to any directory. So </span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">whoever put it there must've thought it's invisible. Check out the</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">expenses for 'Studio Rent' and 'Transmitter Rent'. Also for 'Other</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">Consultant'. Wow.</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div>Scott</div><div><br></div><div>- - - - - - - - - - - - - - - - - - - - - - - </div><div><div><br></div><div><pre style="background-color: rgb(255, 255, 255);">> Scott, am I missing something. </pre><pre style="background-color: rgb(255, 255, 255);">
Why would this years budget line up with last years audit?
Doug
Sent from my iPhone
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