Finance Committee March 9, 2010 @ 4:30pm.
AGENDA (2 hours).

1)Check in (5 min)

2)Approval of Agenda & Last Meeting Minutes

3)Current Financial Snap Shot & Review: reports sent via email.
Profit & Loss Budget Actual (accrual basis)
Accounts Receivable /Payable year to date

4)Task/Action and Request report:
a) Task / Leah & John to address the accounting for GST through the Chart of Accounts.
b) Task / Leah & John to separate out principle/interest when accounting for the mortgage payment.
c) Task / Leah & John - to create a single “Profit & Loss vs. Actual (accrual)” statement that includes the following points: expenditures for the month, cumulative expenditures as of year to date and the original budgeted amounts. 
d) Task / Leah & Deb - to create an “Accounts Receivables & Payables” statement year to date that would be presented at Fin Comm meetings
e) Task / Leah - find a way to email reports to Finn Comm prior to meetings for review
f) New Task/ Leah - to complete the calendar with remaining anticipated payments
g) New Task/ Leah to circulate statement to the BoD that was agreed to by the Fin Comm
h) New Task/Leah - to investigate samples for Terms of Agreement/Payment at other radio stations
i) New Task/Bill - to request that the Policy Committee develop policy regarding Trade in Kind.”

5)Report on BoD response to FC recommendation that the BoD direct Administration to formulate “Terms of Payment” for both advertisers & sponsors with May 1 as a projected date for implementation

6)Report on BoD response to discussion regarding Trade in Kind

7)Budget & Audits put on master calendar

8)Financial Control of projects / Project accounting

9)Next Meeting date & setting agenda item pipe line.