Rachel Maddow Seriously Considers Joining KBOO Staff

I asked if anyone was following the financials, anticipating it would be a hard slog to get the info myself. But it wasn't. So here we go:

From the most recent (July) Finance Committee Meeting Minutes:
kboo.fm/file/125564/download?token=qv6l8-Wa

Seems KBOO is showing a surplus on it's books! And that is because...
"Celese says all of our surplus was due to these windfalls, we had a deficit. Macrae
says when we pull out one time stabilization, PPP, etc we are actually operating at $157K deficit".

Oh. Deficits. Still.

So, this seems like an urgent issue. Let's see what the Board says about this...

From the Board Meeting Minutes.July 26th, 2021 kboo.fm/file/125793/download?token=_9wkTqKr
Committee & Station Manager Reports
• Ruba...asks if there are any urgent committee updates.
• Jessica: there are some committee updates further down in the agenda, but nothing urgent.

OK, not urgent, but certainly the Finance Committee made a report to the Board, which, as monitoring finances are any Boards' #1 duty, the Board read and discussed. Um...nope.

Maybe that's because
"Ruba: asking if anyone wants to be treasurer..."
"Eugene: because Emma resigned we need a treasurer, will attend finance committee meetings,
will be a member of the executive committee, the rest of the term that will run until September
30th. Asking someone to step forward, ideally someone with finance experience,
No one on the board currently has the capacity to take on this responsibility"

No one -- not a single person on the Board -- has the capacity to do like, financial stuff.

Ruba: asks what we do if we do not have a treasurer, Eugene says that we can probably get away
with it if we find a new check signer.

Now, don't the By-Laws, and/or state non-profit law, require there be a Treasurer? Not a "check signer" An actual Treasurer.

And no, there was no discussion of a Finance Committee report -- if there was even such a thing.

But, in the face of an actual underlying deficit, the Board is laser focused on fundraising, right? Wrong.

Arthur: "feels KBOO does not earnestly try to raise money." Oh.

Maybe this will all be hashed out at the next Board Meeting, which, according to the KBOO web site as of August, is scheduled for July 26th, 2021, 6:00 PM Pacific Time (US and Canada) kboo.fm/board-directors. I'll be there. How about you?

LOL What new Hell is this? Clickbait achievement unlocked!

Relieved Maddow hasn't been kidnapped and brainwashed by KBOTs.

A bit telling NO ONE wants to be treasurer and "It's cool, we'll write tReaSUereR on a paper club hat in crayon and that will make it TOTALLY LEGIT!!!111!"

Sadly for the fools still invested in GriftBOO Ed's probably right. A non profit "board": can be little more than a winners of a popularity contest who give themselves fancy names. Ideally a treasurer has financial qualifications. But if the culture is blind loyalty over competence, well....

Statutes and Rules Governing Oregon Nonprofits
65.371 Required officers. (1) A corporation must have a president, a secretary, a treasurer...
www.oregonlegislature.gov/bills_laws/ors/ors065.html

A treasurer huh? Well, a check signer is like a treasurer, except when they are not, which is all of the time.

ARTICLE VIII: COMMITTEES
Section 2. Standing Committees of Directors. Standing committees of Directors shall include
but need not be limited to the following:
(a) Executive Committee. The Executive Committee shall consist of the President,
Treasurer...

ARTICLE VII: OFFICERS
Section 1. Officers. The officers of this corporation shall be the President, Vice President,
Secretary, and Treasurer. The office of President and Secretary may not be held by the same person.

Section 9. Treasurer. The Treasurer shall be the chief financial officer of the corporation;
oversee the receipt and disbursement of funds; report to the Board and the members on the financial
condition of the corporation, including a written annual report; and in general perform all duties
incident to the office of Treasurer and such other duties as from time to time may be assigned by the
President or the Board of Directors.

"Report to the Board and the members on the financial condition of the corporation" Like at the most recently reported Board Meeting at which time the Financial Committee minutes stating that KBOO was actually in the red were not reviewed by the Board?