[Kzyxtalk] Finances

[nsi at mcn.org]

Does that mean David Steffen is eating up the current underwriting
income in salary and benefits?   beth

----- Original Message -----
From: "doug mckenty" 
To:"Kzyxtalk at lists.mcn.org" 
Cc:
Sent:Fri, 28 Feb 2014 00:12:20 -0800
Subject:[Kzyxtalk] Finances

 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.   
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.
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). 
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.  
Doug
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