FY2011 Annual Report of The Budget Committee

Annual Report of the Budget Committee
For the Fiscal Year 2011 (Ended 30 September 2011) Prepared & Submitted by Basit Mustafa, Treasurer, Boulder Community Broadcast Association (BCBA) d/b/a KGNU Radio on 7 November 2011
KGNU Community Radio
4700 Walnut Street Boulder, CO 80302
88.5FM |1390AM | kgnu.org
Boulder Community Broadcast Association
Table of Contents
Table of Contents ........................................................................................................................................................ 2 About This Report ....................................................................................................................................................... 3 About Your Budget Committee ................................................................................................................................... 4 Thanks & Gratitude...................................................................................................................................................... 6 Overview of FY2011 Operational Methodology, Performance, Balance Sheet, and Overall Position ........................ 8 Statement on Net Income ......................................................................................................................................... 12 Assets & Liabilities (Balance Sheet) .......................................................................................................................... 12 Accounting Errata & Information ............................................................................................................................... 15 Budget Committee FY2011 Activities & Operations ................................................................................................. 15 FY2012 Outlook & Commentary ............................................................................................................................... 16 Budget Committee FY2012 Planned Activities & Operations ................................................................................... 16 FY2012 Operational Budget ...................................................................................................................................... 17 Closing Remarks From The Treasurer ...................................................................................................................... 20
FY2011 Annual Report
About This Report

This document is the formal written submission of the Budget Committee for KGNU Community Radio (KGNU Radio) for the Annual Meeting of the Boulder Community Broadcast Association (BCBA). Its purpose is to communicate and inform on KGNUs overall fiscal position, operations, and projects & processes as they relate to the financial management, leadership, and planning of the organization for the fiscal year 2011 as well as report on the activities of the Budget Committee in FY2011.
1
This document may contain projections for the future, statements of opinion, and even statements of fact. It may also contain errors (it is possible, even at KGNU), however, reasonable attempts have been made to ensure this report, the data contained or referenced herein, and conclusions drawn are accurate, factual, and well vetted. However thorough the preparation of & information in this document, it should not be construed as an official financial statement of any kind. The BCBA d/b/a KGNU Radio retains an independent external auditor to provide a separate audited financial statement that serves as the primary official financial statement of the BCBA d/b/a KGNU Radio. Financials presented herein have been adjusted, modified, and edited to be used as a management tool and to, in the estimation of the Budget Committee, most accurately reflect operational & asset positions as measurement & assessment tools. Deviations from where the audited statement is expected to land, GAAP, and other standard reports might occasionally be required to this end; where significant deviation and/or adjustment was made, it is noted appropriately. Basit Mustafa created this document with input directly from the committee throughout FY2011 and a final FY2011 results analysis meeting held on 3 November 2011.
Fiscal Year 2011 (FY2011) consists of all business booked or transactions accrued beginning 1 October 2010 and concludes the final business recorded through 30
September 2011. FY2011 Annual Report 3
About Your Budget Committee

The Boulder Community Broadcast Associations (d/b/a KGNU Radio) bylaws instruct the board to maintain a standing committee charged with the creation, maintenance of, and reporting against an operating budget and related financial management & processes as they concern the organization. This committee is to be chaired by the Treasurer of the Board of Directors with membership unrestricted from the KGNU staff, volunteer, and board groups alike. Currently, Basit Mustafa serves as the Treasurer of the Board and the Chairperson of the Budget Committee. The most generous roster of committee membership is most likely reflected in the membership roster for the budget@kgnu.org mailing list, however, the active members of the Budget Committee (defined as attending meetings in a consistent fashion, contributing a notable body of work to the core mission of the committee, or providing on-going counsel as a functioning member of the committee) as understood by the leadership at the conclusion of FY2011 are, in no particular order, as follows: Mike Massa, Accounting Specialists & KGNU Accountant Sam Fuqua, Station Manager/Executive Director, KGNU Radio Jim Carlo Basit Mustafa, Chairperson, Treasurer & Director, BCBA d/b/a KGNU Radio Karen Gruber Shawna Sprowls, Membership Director, KGNU Radio
The Budget Committees aegis runs the gamut of financial planning, analysis, and management at KGNU. Broadly speaking, the Budget Committee is responsible for: Planning, defining, and obtaining approval of an operating budget Managing, analyzing, forecasting, and reporting of KGNUs Balance Sheet, Operating P&L, Capital Expenditures, and Financial Obligations on an on-going, quarterly, and annual basis Establishing, enforcing, and maintaining financial/business controls, financial policy/plans, and audit as appropriate Advising and reporting to the Board as appropriate - pro-actively, on a regular schedule, and upon demand Understanding and monitoring the relationship/impacts between KGNUs strategy, operations, processes, and programs and KGNUs financial posture Defining, managing, and maintaining relationships with external financial partners, institutions, financial regulatory agencies, and managing other fiduciary interests of the organization
KGNU Community Radio
4700 Walnut Street Boulder, CO 80302
88.5FM |1390AM | kgnu.org
Providing support in financial planning, P&L management, and business support to the station manager, staff, and other committees/designees of the Board as appropriate/directed
Thanks & Gratitude

A debt of gratitude is owed to anyone who has ever contributed, volunteered, or even tuned in to KGNU on-the-air or online. However, despite making this an exceedingly long document, it would also overshadow the only recognition that many of the key behind-the-scenes players in KGNUs fiscal operations receive. The Budget Committee would like to specifically thank a few individuals & organizations for their work with or on the Budget Committee:
Our long-time partner, Boulder Municipal Employees Credit Union (and their partner Centennial Lending) both Ann Babiak and Kirk Wiebusch worked hard to provide us with a mortgage refinance proposal that was ultimately accepted that saved KGNU a significant amount on cost of funds but also provided security and predictability for the next five years on cost of funds. Through unexpected paperwork challenges in flood plain assessments, etc both Ann and Kirk worked hard to represent KGNUs interests to their partners and secure the most favorable terms for KGNU. Their commitment to this relationship and our organization is truly appreciated.
Our continuing relationship with the Bank of Denver, even as we were unable to continue our mortgage relationship with them, Lori Radcliffe, President of the Bank, maintains a close relationship to KGNU and continues to work to provide us with the best financial services possible and remains committed to continuing to build our relationship despite the need for KGNU to refinance our mortgage with a different partner in FY2011
Another deep and continual thank you to Mike Massa and his team at Accounting Specialists. Last year, I joked in this report that without these people our books simply would not exist and that Sam & I would be found curled up the fetal position while crying in the corner of the Grey Studio, and business simply would not be done. That continues to be true, and in FY2011 Mike (and his team) continued to impress and support us by responding with acuity to accounting changes, proactively detecting interesting trends, and dealing with the pace of business at KGNU that times can be exceedingly fast but also frustratingly slow. They maintained and demonstrated professionalism, wisdom, and genuine care & support of KGNU through this all. Their support begins at the significant financial consideration for KGNU, Mikes service to KGNU beyond simple accounting, their buy-in to our work & mission, and into their own advocacy of our organization.
Jim Carlo continued his return from retirement in FY2011 consistently providing wisdom, statistical support, and decision support in meetings, the budgeting process, and monthly reviews
A special thanks to Arrone Arpel of the eponymous Arrone Arpel, CPA, LLC. Arrone has long served as the BCBAs independent auditor and performed these services with an expertise specific to KGNUs business that is shown in the quality & efficiency of the independent audit produced yearly. Despite audit services being Arrone Arpel, CPA, LLCs primary income, Arrone has continued to provide a generous consideration on audit fees for KGNU. The Budget Committee truly appreciates Arrones support and hard work.
All our listener-members, supporters, and lenders whose support makes these numbers appear on the spreadsheets.
_______________________________________ for _______________________________________________________ and _________________________________ (Proper Noun) (Laudable Action) (Not-So-Laudable Action)
If you see any of these people, please take the time to thank them for their work and contribution to KGNU. If you are one of the many people who should be listed here, but are not due to time, space, or synapse limitations on behalf of the Budget Committee, please feel free to write-in above and send this back to basit@kgnu.org and I will happily redact the latest copy!
Overview of FY2011 Operational Methodology, Performance, Balance Sheet, and Overall Position
The Boulder Community Broadcast Association completed its most FY2011 on 30 September 2011. While final and certified statements are not yet available and minor items will continue to be booked to the ledger, the Budget Committee believes the major body of business has been settled. To provide a most realistic and useful perspective on the financials for FY2011 in light of these remaining accounting items and to reflect an accurate view of continuing operations, this report speaks to FY2011 numbers from an adjusted continuing operations view. Unadjusted financials (e.g. as booked), audited statements, and supporting materials are always publicly available online, in person at KGNUs Boulder Studio, and upon reasonable request of any employee or officer of the organization. This view was created to forecast pending expense items that are not yet booked or finalized, to remove aberrational (e.g. non-continuing) events in I&E, and to normalize bluebird events. The extent of significant adjustments include: 1. 2. 3. Adjustment of Grant Expense for anticipated/indirect costs not yet finalized Removal of Bequests/Planned Giving as an operational income item Normalization of the Events line item to account for Noam Chomskys generous event in benefit of KGNU
In an adjusted continuing operations view, KGNU performed largely on-plan for FY2011.The FY2011 budget (and resulting adjusted plan view) was created on a conservative set of assumptions in a risk-averse methodology. Income line items (especially in the form of CPB Allocation and Underwriting) were conservatively planned, with only moderate stretch goals budgeted where absolutely reasonable (Memberships, Grants, Events). The payments into cash reserves were conservatively set to gradually return KGNU to an acceptable reserve requirement following 3 fiscal years of cash reserve draw down to service debt and complete key capital projects. KGNU has also been gifted the reduction of $50,000.00 of debt per year by a generous supporter who was part of the 1390 Capital Campaign until that note reaches a zero principal. This Release of Debt item factors favorably into the net income calculations. Plan Income Expense $758,788 $793,748 Actual $770,118 (101% of plan) $798,177 (101% of Plan)
Table 1. Overview of Operational Income & Expense vs. Plan (FY2011) In FY2011, KGNU was able to replenish cash reserves to a bare minimum operational level largely based on an unexpected $50,000.00 bequest, above-plan performance in Special Events from Noam Chomskys visit, and impressive performance in the Underwriting program. FY2011 Annual Report 8
The raw-and-unadjusted view should be used to understand what actually occurred in terms of cash flow and how these payments were made, however, to summarize herein, KGNU made a $177,044 payment into cash reserves in FY2011, well above the reduced number budgeted for FY2011. The adjusted continuing operations view, however, provides insight into what (subset) level of contributions & operations occurred when one does not consider events outside the control of KGNU staff, volunteers, and development/fundraising programs. In this view, KGNUs work remains strong, especially in the context of a weak economy, tenuous (if at all) recovery in personal incomes, and weak foundation/institutional giving. However, when non-continuing operational items are removed from the calculus, the overrun in income is largely dissolved. This is an important item to note in financial, strategic, and operational planning that while our work, constituency, and mission resonance remain strong with our supporters & listeners the challenges around us continue to persist and growth in income from continuing operations cannot reasonably be expected or justified to continue at levels in the raw, unadjusted financials.
Continuing Operations (Adjusted)

Oct '10 - Sep 11 Ordinary Income/Expense Income Bequests/Planned Giving BME Affinity Program Bus & Ind Underwriting Business & Ind Match Car Donations Community Shares Corp'n For Public Broadcasting Grants 0 264 66,232 3,555 11,676 3,555 103,353 90,408 0 0 50,000 6,000 10,000 5,000 90,000 90,408 0 264 16,232 (2,445) 1,676 (1,445) 13,353 0 0% 100% 132% 59% 117% 71% 115% 100% Budget $ Over Budget % of Budget
Interest & Dividends Major Gift Solicitations Total Memberships
655 16,913 398,970
0 45,000 444,880
655 (28,087) (45,910)
100% 38% 90%
Miscellaneous Income Program Guide Ad Revenue Raffles Total Special Events
1,532 5,585 797 44,071
2,500 0 1,500 55,000
(968) 5,585 (703) (10,929)
61% 100% 53% 80%
Studio Production Time
6,971
3,500
3,471
199%
Volunteer Training Fees Year End Donations Total Income Expense Grant Expense
3,410 29,739 770,118
0 0 758,788
3,410 29,739 11,330
100% 100% 101%
35,367
35,367
100%
Bank Charges Cash Reserves Total Commissions
8,163 92,044 11,885
11,000 71,286 0
(2,837) 20,758 11,885
74% 129% 100%
Dues & Subscriptions Employee Benefits Employee Bonus Employee Search Fund Drive & Premium Total Fundraising Expense
5,783 48,148 0 953 6,134 13,208
6,000 68,444 1,050 0 7,500 0
(217) (20,296) (1,050) 953 (1,366) 13,208
96% 70% 0% 100% 82% 100%
Hospitality Insurance Interest Expense Internet Janitorial Total Labor
882 21,693 1,721 5,461 3,127 560
1,200 20,000 0 5,000 2,000 1,500
(318) 1,693 1,721 461 1,127 (940)
74% 108% 100% 109% 156% 37%
Mileage & Reimbursements Mortgage Interest Office Outreach/Promotion Postage Production Supplies Total Professional Fees
1,200 25,357 14,460 2,287 7,036 4,457 63,850
0 27,000 15,000 6,000 8,200 2,500 54,000
1,200 (1,643) (540) (3,713) (1,164) 1,957 9,850
100% 94% 96% 38% 86% 178% 118%
10
Total Program Acquisition Total Program Guide Expense
32,915 5,389
32,500 0
415 5,389
101% 100%
Rent - AM Tower Rent - FM Tower Rent - Denver Studio Repairs & Maintenance Total FM Salaries Total AM Salaries
36,000 15,237 3,060 3,770 236,700 20,858
30,000 16,155 3,060 6,000 271,148 20,858
6,000 (918) 0 (2,230) (34,448) 0
120% 94% 100% 63% 87% 100%
Satellite Interconnect Storage Taxes - Other Taxes - Payroll Telephone Travel & Conferences Utilities Total Expense
7,494 711 971 21,584 20,717 229 18,766 798,177
7,500 720 2,000 22,750 20,000 500 17,510 793,748
(6) (9) (1,029) (1,166) 717 (271) 1,256 4,429
100% 99% 49% 95% 104% 46% 107% 101%
Net Ordinary Income
(28,059)
(34,960)
6,901
80%
Other Income/Expense Other Income Release of Debt Total Other Income 50,000 50,000 0 0 50,000 50,000 100% 100%
Net Other Income
50,000
50,000
100%
Net Income
21,941
(34,960)
56,901
(63%)
11
Statement on Net Income

KGNU plans against a balanced budget and all intermediate operational forecasts & course adjustments are made with that goal in mind. However, outside of sheer statistically improbable luck or fancy accounting tricks/line items, a net-zero result is quite elusive. For FY2011 KGNU did plan for a net-zero income based on an understanding of non-continuing operational items to occur in FY2011. However, once release of debt Is accounted and other adjustments are made to create the continuing operations view (e.g. removal of these items) a non-zero net income occurs. The operational direction has been to leverage this years modest operating surplus to provide 100% for debt service.
Assets & Liabilities (Balance Sheet)

In FY2011, KGNU worked to return its cash reserve to acceptable levels (minimum of three months of operating budget & reasonable liquid cash requirements for emergency response on facilities & physical plant catastrophe).
Sep 30, 11 ASSETS Current Assets Checking/Savings Checking - Mutual Checking - BOD Bldr Checking - BOD AFT Savings - BOD Savings - BOD Loan Acct BME-Capital Campaign A/C Calvert Money Market NPC Brokerage Account Raffle Account Vanguard Money Market Restricted for Cash Reserves Total Checking/Savings 119,021.90 9,518.23 12,055.88 118,406.18 10,803.99 15.89 1,583.08 14.88 1,554.80 1,088.03 (177,044.00) 97,018.86
12
Other Current Assets Prepaid Expenses Prepaid Transmitter Rent Total Other Current Assets 6,375.00 13,137.04 19,512.04
Total Current Assets
116,530.90
Fixed Assets Land Building Building Improvements Refinance Cost July 2011 Denver Production Studio Equipment Office Equip. Studio & Broadcast FM Upgrades FM Generator Project Record Library Translator Transmitter Building Leasehold Improvements Accumulated Depreciation Total Fixed Assets 350,000.00 1,044,048.32 35,262.78 7,984.50 36,111.75 78,708.99 507,005.40 48,327.66 20,604.59 350,353.36 8,859.16 1,495.68 11,081.32 (1,106,799.00) 1,393,044.51
Other Assets AM 1390 Signal Accumulated Amortization Pending Total Other Assets 4,100,000.00 (1,639,998.00) 200.61 2,460,202.61
13
TOTAL ASSETS
3,969,778.02
LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Total Accounts Payable 5,105.20 5,105.20
Credit Cards Chase Card Payable Total Credit Cards 955.29 955.29
Other Current Liabilities Golden Mouse Fund RMCR Capital Coverage Project Tributaries Project Escrow - Ft. Collins FM Memberships Prepaid AM Memberships Prepaid Payroll Taxes Payable FICA & Fed W/H Tax Payable State W/H Tax Payable SUI Tax Payable Comm Shares Total Payroll Taxes Payable 3,178.31 976.00 13.35 15.00 4,182.66 3,305.75 4,242.53 156.50 4,250.00 88,758.52 17,287.46
Total Other Current Liabilities
122,183.42
Total Current Liabilities
128,243.91
14
Long Term Liabilities Note Payable - Mortgage Loan Payable-Private 1390 Notes Total Long Term Liabilities 390,119.34 2,278,000.00 2,668,119.34
Total Liabilities
2,796,363.25
Equity Fund Balance Net Income Total Equity 1,118,324.20 55,090.57 1,173,414.77
TOTAL LIABILITIES & EQUITY
3,969,778.02
Accounting Errata & Information

1. KGNU transitioned to gross accounting treatment for Grants and Underwriting in 3Q11. Based on this methodology, all income in both of these categories will be booked as income and associated expense items (such as commissions, administration, operational expense, etc) will be applied as expenses. 2. KGNU has begun to book a restriction in assets for cash reserves to create a more accurate view of liquidity
Budget Committee FY2011 Activities & Operations

The management & planning of BCBA/KGNU finances remains the single largest task and deliverable of the budget committee. In addition to the work in managing the FY11 financial operations, planning, and treasury, the Budget Committee engaged in several other activities: 1. Renegotiation and refinance of the Boulder Studio mortgage to a 5.25% rate fixed for 60 months on a 10 year term (balloon) on a 25 year schedule with an intent to renew at year 10 (balloon instrument necessary to work inside Federal Law regarding Credit Union lending) 2. 3. Improvement & formalization of pipeline, forecasting, and planning processes Roles, responsibilities, and control book discussions + formalization
15
4. 5.
Transition & succession planning leading into FY12 budget process Supporting Executive Committee & Sam in negotiations & updates on lender and lender relations with external-use materials/collateral, information, analytics and internal decision support
FY2012 Outlook & Commentary

No financial report is typically complete without a disclaimer about forward-looking statements and this is no exception! In any economic environment, forecasting can be a black art at best in items one and ones organization can control (e.g. controllable expense, continuing operations, etc) but in items beyond ones control in an election year well, black art would be a level of certainty we are yet to observe. With that said, the KGNU Budget Committee has agreed upon an FY2012 outlook and has a number of recommendations for operations in FY2012. The Budget Committee prefers its crow served braised. We believe FY2012 will continue to be marked by a stagnant economy, increased inflationary pressures, continued challenges in personal income, foundation/institutional giving, and a risk-averse temperament of both individuals and companies/government to long-term & discretionary spend. However, localized improvements in job growth in white-collar industries, limited local recovery of economic activity, and favorable personal income trends in our areas provide a slight buffer to the broader uncertainty & flat-at-best forecast for GDP and incomes. Inside this localized recovery we believe opportunities for improved performance in Major Gifts through the proper work/prospecting/engagement, membership improvement in gift-per-member and new memberships, and continued strength in Underwriting from local businesses exists and is reflected in the FY2012 Budget assumptions in more detail. Organizationally, the Budget Committee believes a focus on codifying, streamlining, and automating processes especially between logical, organizational, and individual functions is an important path to organizational growth and driving further efficiencies into operations. Specifically, we believe that the individual procedures inside each tower of the organization (and, despite whatever the outward appearance maybe, on the desk of each employee), our processes are mostly appropriately defined, executed, documented, and stewarded. Interfaces between each desk/logical function also show sophistication in some areas. Extending this is an important area of focus for the Budget Committee in the work we do internally, but also with other parts of the organization. Defining what data is exchange with whom, in what format, at what frequency/event, and how we can improve or streamline that (or at least better understand it) presents several areas for productivity enhancement.
Budget Committee FY2012 Planned Activities & Operations

Obviously, continued steady-state operation, management, planning, and analysis of the operations, assets, and treasury will continue as normal. Further focus on formalizing, automating, and streamlining processes & documentation will continue. Specifically: 1. 2. Creation of a consolidated control book documenting processes, dates, checkpoints, and assumptions from existing documents Formal definition of roles, responsibilities, and work items, their responsible parties, and the organizational and data/IT interfaces between them in the data & work flow 3. Build ion FY10 and FY11 work in creating consistent templates for reports, accounting rules, pipeline & forecast information, and interfaces outside committee 16
4.
Succession planning
FY2012 Operational Budget

The BCBA board approved the proposed KGNU Operational Budget for FY2012 at the August Board of Directors meeting. A detailed discussion of the process, work items, work products, and particulars can be found in the minutes of this and the preceding two months meetings and the deliverables documented in those minutes. The FY2012 budget retains the conservative assumptions of FY2011 and further adopts gross accounting treatment for Underwriting & Grants informally introduced in FY2011 as a formal methodology.

Ordinary Income/Expense Income Bequests/Planned Giving BME Affinity Program Bus & Ind Underwriting Business & Ind Match Car Donations Community Shares FM Upgrade Corp'n For Public Broadcasting Grants
Budget
$$$68,750.00 $5,100.00 $10,000.00 $5,000.00 $$90,000.00 $70,000.00
Interest & Dividends Major Gift Solicitations Total Memberships
$$45,000.00 $444,880.00
Miscellaneous Income Program Guide Ad Revenue Raffles Total Special Events
$2,500.00 $$1,500.00 $30,000.00
Studio Production Time
$3,500.00
17
Volunteer Training Fees Year End Donations Total Income
$$25,000.00 $801,230.00
Expense Total Grant Expense - Restricted $32,000.00
Bank Charges Cash Reserves Total Commissions
$11,000.00 $99,235.28 $13,750.00
Dues & Subscriptions Employee Benefits Employee Bonus Employee Search Fund Drive & Premium Total Fundraising Expense
$6,000.00 $60,619.20 $1,050.00 $$7,875.00 $-
Hospitality Insurance Interest Expense Information Technology (formerly Internet) Janitorial Total Labor
$1,260.00 $20,000.00 $$5,000.00 $2,200.00 $1,575.00
Mileage & Reimbursements Mortgage Interest Office Outreach/Promotion Postage Production Supplies Total Professional Fees
$$20,500.00 $15,450.00 $6,300.00 $8,610.00 $2,625.00 $44,000.00
18
Total Program Acquisition Total Program Guide Expense
$32,500.00 $-
Rent - AM Tower Rent - FM Tower Rent - Denver Studio Repairs & Maintenance Total Payroll
$32,400.00 $18,437.84 $3,000.00 $6,000.00 $277,926.19
Satellite Interconnect Storage Taxes - Other Taxes - Payroll Telephone Travel & Conferences Utilities Total Expense
$7,500.00 $756.00 $2,000.00 $22,750.00 $20,000.00 $525.00 $18,385.50 $801,230.00
Net Ordinary Income
$-
19
Closing Remarks From The Treasurer

KGNUs value in the community is evident in many ways over the nearly 34 years of community media, KGNU has taken on many roles, touched many lives, and been the medium for expression for a diverse gamut of thoughts, ideas, sounds, and artful expressions. This has only been possible by committed volunteers in every part of KGNUs operations, skilled and dedicated staffers (who certainly dont do this for the money!), and engaged supporters (both financially and otherwise) who meld KGNUs mission their own passions. As we head into FY2012, this dedication from all parts of the KGNU community shows strength worthy of its years & history, even in an environment where individuals are facing tough choices and distracting events. In fact, whether it was being an active community player in responding to local emergencies, being the reliable outlet for news & opinion on the news & topics of the day that represents a voice unheard elsewhere, or being the purveyor of fine music, art, and sounds you cant find anywhere else with our strong staff, volunteers, and supporters KGNUs engagement, support, and relevance grows through time thick and thin. FY2011 was successful from a financial perspective because of our dedication to the organization and we believe that continuing with this spirit and building on our heritage in FY2012 is the clearest, most reliable, and most valuable path to success financial and for our mission.
20

FY2011 Annual Report of The Budget Committee

Загружено:

Сведения о документе

Оригинальное название

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

FY2011 Annual Report of The Budget Committee

Загружено:

Авторское право:

Доступные форматы

Annual Report of the Budget Committee

KGNU Community Radio

4700 Walnut Street Boulder, CO 80302

88.5FM |1390AM | kgnu.org

Boulder Community Broadcast Association