[Kzyxtalk] KZYX FINANCIAL RESEARCH

[doug mckenty]

Hey Tim, thanks for keeping me honest.

I was referring to the first line in the GM report for February 2009 under
"financials" where John says "We went from break even to 93k in debt in the
fourth quarter of FY 2008."  I misunderstood as I thought John C. was
manager at that time.  Did not realize he started in August.

As to the second point.  I must have missed that email.  There was some
talk in the minutes of starting a "friends of KZYX" group at the time to
promote the issue, but I do not recall that coming to fruition.  As the
host of Open Lines, one would think that I would have been notified so we
could have discussed it on the air.  There was no board access show
explaining the situation, nor was the debt a centerpiece during the pledge
drives.  Also as the host of Open Lines, I fielded a lot of questions about
the debt upon the elimination of Christina.  A lot of people in our
community felt blindsided and none of them that I knew were aware of the
debt problem until the lay off.  If the stations problems had been
advertised, perhaps we would have gotten more support and our FY 2009 a
little better.  Just a thought.

Other info: apparently the underwriting is (or was) calculated based on the
calendar year.  I read something under underwriting in the Dec. 2008 GM
report about the 69k billing but it also says they got 97% of a 100k goal.
 I don't understand.  Perhaps David can explain.

Also, I have been reading more about the PAC.  It appears there was an
effort by John C. and Mary to meld the PAC and CAB.  This should not have
been allowed as the CAB is charged with appointing a member to the PAC so
some more amendment to the document was necessary.  It just created some
inconsistency.

There is also a board vote in the minutes of the Dec 2008 meeting to
include an Appendix 6 to the PAC policy paper which I do not have in my
documentation.  Anybody have any ideas?

Doug M.

ps I am learning a lot about the history of the station by finally studying
this stuff, please feel free to double check my research as this gets
complicated.



On Friday, February 28, 2014, <sako4 at comcast.net> wrote:

>
> Doesn't answer the question, Tim. What do we spend on salaries and
> benefits?
>
> ------------------------------
> *From: *"Tim Bray" <tbray at wildblue.net<javascript:_e(%7B%7D,'cvml','tbray at wildblue.net');>
> >
> *To: *sako4 at comcast.net<javascript:_e(%7B%7D,'cvml','sako4 at comcast.net');>
> *Sent: *Friday, February 28, 2014 10:28:24 PM
> *Subject: *Re: [Kzyxtalk] KZYX FINANCIAL RESEARCH
>
> Hey, wouldn't that be great - getting the IRS involved!  You'd really be a
> hero then, eh?
>
> I have no more time to waste on you, John.  It's become clear even to your
> new friends that you are pursuing your own agenda, which has nothing to do
> with improving the radio station.  Bye-bye.
>
> Tim
>
>
> On 2/28/2014 8:01 PM, sako4 at comcast.net<javascript:_e(%7B%7D,'cvml','sako4 at comcast.net');>wrote:
>
> Hey Tim, how about answering my question in an earlier regarding a single
> line item for salaries and benefits? One line. With one number. It seems as
> if that single budget item item has been deliberately obfuscated in both
> our audits and IRS returns. This could be an IRS issue if the intent was to
> deceive or conceal.
>
>
> --
> Oak & Thorn <http://oakandthorn.wordpress.com>
> Facebook: Oak and Thorn
>
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