cfmu radio incorporated
CFMU RADIO INCORPORATED
TAKE NOTICE that there will be a meeting of CFMU RADIO INCORPORATED (the Corporation) on Sunday, April 14, 2013, at 12:00 p.m., local time, for the following purposes. 1.
To adopt minutes from CFMU Inc - SRA 12D - June 16, 2012
2.
To approve the 2013-2014 Capital and Operating Budgets.
3.
To approve the expenditure of items from the 2013-2014 Capital Budget.
4.
To transact any further business that may properly come before the meeting
Dated at Hamilton, Ontario, this 28th day of March 2013 BY ORDER OF THE BOARD OF DIRECTORS.
Jessica Bauman Corporate Secretary
MOTIONS: 1.
Moved by Wyngaarden, seconded by that the Full Members of CFMU Inc approve the minutes from CFMU Inc - SRA 12D - June 16, 2012.
2.
Moved by Wyngaarden, seconded by Campbell that the Full Members of CFMU the 2013-2014 Capital and Operating Budgets as circulated and presented.
Incapprove
3.
Moved by Wyngaarden, seconded by Campbell that the Full Members of CFMU the expenditure of all capital requests in the 2013-2014 Capital Budget.
Incapprove
Meeting of Full Members of CFMU Radio Incorporated Sunday, April 14, 2013 - SRA 13B Council Chambers, GH Room 111
Called to Order at 9:25pm CALL OF THE ROLL Present
Absent Excused Absent Late Others Present Chair
Abbas, Brodka, Campbell, Cicchi, D'Angela, Dicenzo, Gillis, Guarna, Harper, Jeyasingham, Leslie, Loewig, Long, Mallon, Morrow, Narro Perez, Palczewski, Paul, Pullen, Rheaume, Saeed, Sparrow, Van Nood, Wolwowicz, Wyngaarden Abdelrahman, Candemir, D'Mello, Mackinnon, Milani, Omran, Tichenkov Simon Gooding-Townsend (MSU Speaker), Victoria Scott (Recording Secretary) Siobhan Stewart (President)
BUSINESS 1.
To adopt minutes from CFMU Inc - SRA 12D - June 16, 2012
Moved by Wyngaarden, seconded by Mallon that the Full Members of CFMU Inc approve the minutes from CFMU Inc - SRA 12D - June 16, 2012. In Favour: 28 Opposed: 0 Abstentions: 2 Abstained: Gillis, Sparrow Motion Passes 2.
To approve the 2013-2014 Capital and Operating Budgets.
Moved by Wyngaarden, seconded by Campbell that the Full Members of CFMU Inc approve the 2013-2014 Capital and Operating Budgets as circulated and presented. ■
Wyngaarden stated that he would be happy to answer any questions.
Vote on Motion Passes Unanimously 3.
To approve the expenditure of items from the 2013-2014 Capital Budget.
Moved by Wyngaarden, seconded by Campbell that the Full Members of CFMU Inc approve the expenditure of all capital requests in the 2013-2014 Capital Budget. Passes Unanimously ADJOURNMENT Moved by Guarna, seconded by Palczewski that the meeting adjourn. The meeting adjourned at 9:29pm
/v s
McMaster Students Union Inc. Proposed Capital Budget For the Next Fiscal Year May 1 2013 - April 31, 2014
Dept.
Budgeted Cost
Item Description
Useful Life
CFMU Inc. 0501
Music Director/Library Computer per computer replacement schedule
$
2,000.00
5
FM signal processor
$
13,500.00
10
Computer -Pro Tools Audio Editing equipment and software
$
17,000.00
5
$
32,500.00
Budgeted Amortization
Explanation
$
400.00
Computer replacement
$
1,350.00
Upgrading signal to industry standard
$
3,400.00
Upgrading audio processing to reflect industry trends
$
5,150.00
McMaster Student's Union McMaster Students Union Inc. For the Eight Months Ending December 31, 2012 2013-2014 PROPOSED BUDGET
All: Dept. 0101 - A dm inistration - All Balance Sheet Items - All Business Units - All Zero Cost Centres - All Committees & Services - All Service Operations - All CFMU 93.3 Inc. - All M arm or F und - All Student H ealth Plan Fund - All Student Dental Plan - All Dept. 0701 - U niversity Centre Building Fund - All Total All
8 MTHS ENDING DEC.31/12
PROJECTED APR.30/13 YE TOTALS
2012/13 BUDGET
2011/12 ACTUAL
2010/11 ACTUAL
(1,784,225.00)
(2,067,014.37)
(1,862,450.02)
(1,729,877.00)
(1,827,767.49)
(1,672,837.16)
(17,728.00) 23,617.00 1,098,503.00 717,370.00 71,850.00 (1,979.00) (54,744.00) (88,930.00) 0.00
(68,874.20) (4,318.45) 535,318.88 383,677.88 (238,300.84) (178,086.45) (330,132.50) (585,001.11) (361,541.16)
(8,949.05) 6,046.28 941,842.99 719,722.26 (134,077.09) (15,054.65) 163,633.46 (44,127.21) (1,541.16)
(11,968.00) 37,780.00 1,040,790.50 599,511.50 (56,900.00) (10,448.00) (32,155.00) (52,675.00)
(157,747.12) 18,778.46 938,471.48 523,050.23 (152,195.75) (33,308.69) (135,985.51) (76,909.32) (35,488.24)
69,472.40 19,632.13 943,861.95 565,809.33 (136,159.39) 2,166.06 35,417.07 318,509.59 1,879.72
(36,266.00)
(2,914,272.32)
(234,954.20)
(215,941.00)
(939,101.95)
147,751.70
% Incr/ Decr.
-4% #DIV/0! 98% 291% 17% 0% -154% -87% -133% 102% -100%
McMaster Student's Union Dept. 0501 - CFM U General For the Eight Months Ending D ecem ber 31, 2012 2013-2014 PROPO SED BU DGET
3121-0501 3206-0501 3612-0501 3704-0501 3801-0501 3803-0501 3831-0501 5003-0501 5010-0501 5101-0501 5201-0501 5203-0501 5401-0501 5501-0501 5551-0501 5901-0501 5905-0501 6501-0501 6715-0501 6801-0501 6901-0501 6912-0501 7001-0501 7051-0501 7101-0501 7591-0501 7599-0501 8001-0501 8501-0501
CFM U - A D V ER TISING SALES - R ADIO CFMU - FEES REVENU E CFMU - GRA N TS - M CM A STER UNIV. CFMU - IN T. IN CO M E - SECURITIES CFMU - O TH ER REVENUE CFMU - PR O D U C TIO N REVENU E CFMU - FU N D R A ISIN G REV ENUE CFMU - O FFIC E SUPPLIES CFMU - PO STA GE CFMU - TELEPH ONE CFMU - PH O T O CO PYING CFM U - PRIN T IN G EX PENSE CFM U - IN SU R A N CE - B R D C ST LIAB. CFM U - R EPA IR S & M TCE. CFMU- R & M - C OM PUTERS CFM U - SUBSCRIPTIONS CFM U - M EM BERSHIPS CFMU - ADV. & PROM O. CFMU - PU R C H A SED SERVICES CFMU - PR O F. D EVELOPM ENT CFMU - TRA V EL - GENERA L CFMU - TRA V EL - CO NFERENCE CFMU - W AGES CFMU - SALARIES - AD COM M ISSIONS CFMU - BEN EFITS CFMU - BA D D EBTS CFMU - OVERHEAD CFM U - D EPR ECIA TIO N EXPENSE CFM U - H ST / G ST E XPENSE Total All
( 10,000.00 ) ( 250,000.00 ) ( 4,800.00 ) ( 10,000.00 ) ( 30,000.00 ) ( 100.00 ) ( 15,000.00 ) 1,000.00 250.00 9,000.00 250.00 1,500.00 5,400.00 8,000.00 24,000.00 1,000.00 4,000.00 50,000.00 20,000.00 2,500.00 2,000.00 2,000.00 200,000.00 20,000.00 2,000.00 14,500.00 21,850.00 2,500.00 71,850.00
8 MTHS EN D IN G D EC.31/12
PROJECTED APR.30/13 Y E TOTALS
2012/13 BUDGET
2011/12 ACTUAL
2010/11 ACTUAL
(12,062.56) (341,083.70) (4,865.00) (19,338.58) (328.00) (20.00) (14,354.53) 1,903.08 445.20 8,075.03 114.54 1,500.00 5,400.00 5,941.13 13,323.71 655.00 100.00 14,611.96 1,550.45 4,950.26 490.91 145,445.60 185.16 10,679.27 600.00 14,500.00 7,380.51 2,004.81
(5,725.40) (325,110.40) 0.00 (16,031.93) (6,718.35) (200.00) (13,988.41) 1,246.75 232.39 9,456.54 54.27 250.00 2,500.00 14,654.69 0.00 23.46 9,175.82 5,782.15 4,556.00 279.27 456.23 0.00 137,822.21 2,143.99 10,342.73 2,446.23 14,500.00 9,140.20 6,552.17
(152,195.75)
(136,159.39)
(152,195.75)
(136,159.39)
(1,572.76) (351,687.13) (4,865.00)
(2,359.14) (527,530.70) (7,297.50)
(10,000.00) (345,800.00) (5,000.00)
(650.28)
(975.42)
(930.00)
(1,395.00)
2.60 3,719.23 12.05
3.90 5,578.85 18.08
2,250.00 2,461.39
3,375.00 3,692.09
1,574.53 5,289.73 753.60
2,361.80 7,934.60 1,130.40
(400.00) (100.00) (15,000.00) 1,500.00 400.00 8,520.00 250.00 2,160.00 5,400.00 15,000.00 20,540.00 1,220.00 4,500.00 20,000.00 16,000.00 2,460.00 4,500.00 3,000.00 170,000.00 1,200.00 17,000.00 2,500.00 15,000.00 8,250.00
56,853.47
85,280.21
5,087.71
7,631.57
2,193.11 374.29
3,289.67 561.44
(279,133.46)
(418,700.19)
(56,900.00)
% Incr/ Decr.
=$12.50 x 20,000 (reduced fee to students) Canada Summer Jobs Grant late fundraising donars/proceeds from CFM U concert series Consistan w ith previous years
New CFMU w ebsite/ app updates/bandwidth increase Industry Publications i.e Tape Op / C FM U Community concert SeriesEnd o f the year concert w / Campus Events M acTV to w ebsite content (lecture series 3k) Basketball / F ootball M arauders Broadcast N C R C Conference w ith COC posiiton
324% -53% -34% #DIV/0! 2976% #DIV/0! 975% #DIV/0! 6310% 61% 1283% #DIV/0! 60% 117% #DIV/0! #DIV/0! 69% 530% 1669% #DIV/0! #DIV/0! #DIV/0! #REF! #DIV/0! -100% #DIV/0! #REF! 564% #REF! -117%
TAKE NOTICE that there will be a meeting of CFMU RADIO INCORPORATED (the Corporation) on Sunday, April 14, 2013, at 12:00 p.m., local time, for the following purposes. 1.
To adopt minutes from CFMU Inc - SRA 12D - June 16, 2012
2.
To approve the 2013-2014 Capital and Operating Budgets.
3.
To approve the expenditure of items from the 2013-2014 Capital Budget.
4.
To transact any further business that may properly come before the meeting
Dated at Hamilton, Ontario, this 28th day of March 2013 BY ORDER OF THE BOARD OF DIRECTORS.
Jessica Bauman Corporate Secretary
MOTIONS: 1.
Moved by Wyngaarden, seconded by that the Full Members of CFMU Inc approve the minutes from CFMU Inc - SRA 12D - June 16, 2012.
2.
Moved by Wyngaarden, seconded by Campbell that the Full Members of CFMU the 2013-2014 Capital and Operating Budgets as circulated and presented.
Incapprove
3.
Moved by Wyngaarden, seconded by Campbell that the Full Members of CFMU the expenditure of all capital requests in the 2013-2014 Capital Budget.
Incapprove
Meeting of Full Members of CFMU Radio Incorporated Sunday, April 14, 2013 - SRA 13B Council Chambers, GH Room 111
Called to Order at 9:25pm CALL OF THE ROLL Present
Absent Excused Absent Late Others Present Chair
Abbas, Brodka, Campbell, Cicchi, D'Angela, Dicenzo, Gillis, Guarna, Harper, Jeyasingham, Leslie, Loewig, Long, Mallon, Morrow, Narro Perez, Palczewski, Paul, Pullen, Rheaume, Saeed, Sparrow, Van Nood, Wolwowicz, Wyngaarden Abdelrahman, Candemir, D'Mello, Mackinnon, Milani, Omran, Tichenkov Simon Gooding-Townsend (MSU Speaker), Victoria Scott (Recording Secretary) Siobhan Stewart (President)
BUSINESS 1.
To adopt minutes from CFMU Inc - SRA 12D - June 16, 2012
Moved by Wyngaarden, seconded by Mallon that the Full Members of CFMU Inc approve the minutes from CFMU Inc - SRA 12D - June 16, 2012. In Favour: 28 Opposed: 0 Abstentions: 2 Abstained: Gillis, Sparrow Motion Passes 2.
To approve the 2013-2014 Capital and Operating Budgets.
Moved by Wyngaarden, seconded by Campbell that the Full Members of CFMU Inc approve the 2013-2014 Capital and Operating Budgets as circulated and presented. ■
Wyngaarden stated that he would be happy to answer any questions.
Vote on Motion Passes Unanimously 3.
To approve the expenditure of items from the 2013-2014 Capital Budget.
Moved by Wyngaarden, seconded by Campbell that the Full Members of CFMU Inc approve the expenditure of all capital requests in the 2013-2014 Capital Budget. Passes Unanimously ADJOURNMENT Moved by Guarna, seconded by Palczewski that the meeting adjourn. The meeting adjourned at 9:29pm
/v s
McMaster Students Union Inc. Proposed Capital Budget For the Next Fiscal Year May 1 2013 - April 31, 2014
Dept.
Budgeted Cost
Item Description
Useful Life
CFMU Inc. 0501
Music Director/Library Computer per computer replacement schedule
$
2,000.00
5
FM signal processor
$
13,500.00
10
Computer -Pro Tools Audio Editing equipment and software
$
17,000.00
5
$
32,500.00
Budgeted Amortization
Explanation
$
400.00
Computer replacement
$
1,350.00
Upgrading signal to industry standard
$
3,400.00
Upgrading audio processing to reflect industry trends
$
5,150.00
McMaster Student's Union McMaster Students Union Inc. For the Eight Months Ending December 31, 2012 2013-2014 PROPOSED BUDGET
All: Dept. 0101 - A dm inistration - All Balance Sheet Items - All Business Units - All Zero Cost Centres - All Committees & Services - All Service Operations - All CFMU 93.3 Inc. - All M arm or F und - All Student H ealth Plan Fund - All Student Dental Plan - All Dept. 0701 - U niversity Centre Building Fund - All Total All
8 MTHS ENDING DEC.31/12
PROJECTED APR.30/13 YE TOTALS
2012/13 BUDGET
2011/12 ACTUAL
2010/11 ACTUAL
(1,784,225.00)
(2,067,014.37)
(1,862,450.02)
(1,729,877.00)
(1,827,767.49)
(1,672,837.16)
(17,728.00) 23,617.00 1,098,503.00 717,370.00 71,850.00 (1,979.00) (54,744.00) (88,930.00) 0.00
(68,874.20) (4,318.45) 535,318.88 383,677.88 (238,300.84) (178,086.45) (330,132.50) (585,001.11) (361,541.16)
(8,949.05) 6,046.28 941,842.99 719,722.26 (134,077.09) (15,054.65) 163,633.46 (44,127.21) (1,541.16)
(11,968.00) 37,780.00 1,040,790.50 599,511.50 (56,900.00) (10,448.00) (32,155.00) (52,675.00)
(157,747.12) 18,778.46 938,471.48 523,050.23 (152,195.75) (33,308.69) (135,985.51) (76,909.32) (35,488.24)
69,472.40 19,632.13 943,861.95 565,809.33 (136,159.39) 2,166.06 35,417.07 318,509.59 1,879.72
(36,266.00)
(2,914,272.32)
(234,954.20)
(215,941.00)
(939,101.95)
147,751.70
% Incr/ Decr.
-4% #DIV/0! 98% 291% 17% 0% -154% -87% -133% 102% -100%
McMaster Student's Union Dept. 0501 - CFM U General For the Eight Months Ending D ecem ber 31, 2012 2013-2014 PROPO SED BU DGET
3121-0501 3206-0501 3612-0501 3704-0501 3801-0501 3803-0501 3831-0501 5003-0501 5010-0501 5101-0501 5201-0501 5203-0501 5401-0501 5501-0501 5551-0501 5901-0501 5905-0501 6501-0501 6715-0501 6801-0501 6901-0501 6912-0501 7001-0501 7051-0501 7101-0501 7591-0501 7599-0501 8001-0501 8501-0501
CFM U - A D V ER TISING SALES - R ADIO CFMU - FEES REVENU E CFMU - GRA N TS - M CM A STER UNIV. CFMU - IN T. IN CO M E - SECURITIES CFMU - O TH ER REVENUE CFMU - PR O D U C TIO N REVENU E CFMU - FU N D R A ISIN G REV ENUE CFMU - O FFIC E SUPPLIES CFMU - PO STA GE CFMU - TELEPH ONE CFMU - PH O T O CO PYING CFM U - PRIN T IN G EX PENSE CFM U - IN SU R A N CE - B R D C ST LIAB. CFM U - R EPA IR S & M TCE. CFMU- R & M - C OM PUTERS CFM U - SUBSCRIPTIONS CFM U - M EM BERSHIPS CFMU - ADV. & PROM O. CFMU - PU R C H A SED SERVICES CFMU - PR O F. D EVELOPM ENT CFMU - TRA V EL - GENERA L CFMU - TRA V EL - CO NFERENCE CFMU - W AGES CFMU - SALARIES - AD COM M ISSIONS CFMU - BEN EFITS CFMU - BA D D EBTS CFMU - OVERHEAD CFM U - D EPR ECIA TIO N EXPENSE CFM U - H ST / G ST E XPENSE Total All
( 10,000.00 ) ( 250,000.00 ) ( 4,800.00 ) ( 10,000.00 ) ( 30,000.00 ) ( 100.00 ) ( 15,000.00 ) 1,000.00 250.00 9,000.00 250.00 1,500.00 5,400.00 8,000.00 24,000.00 1,000.00 4,000.00 50,000.00 20,000.00 2,500.00 2,000.00 2,000.00 200,000.00 20,000.00 2,000.00 14,500.00 21,850.00 2,500.00 71,850.00
8 MTHS EN D IN G D EC.31/12
PROJECTED APR.30/13 Y E TOTALS
2012/13 BUDGET
2011/12 ACTUAL
2010/11 ACTUAL
(12,062.56) (341,083.70) (4,865.00) (19,338.58) (328.00) (20.00) (14,354.53) 1,903.08 445.20 8,075.03 114.54 1,500.00 5,400.00 5,941.13 13,323.71 655.00 100.00 14,611.96 1,550.45 4,950.26 490.91 145,445.60 185.16 10,679.27 600.00 14,500.00 7,380.51 2,004.81
(5,725.40) (325,110.40) 0.00 (16,031.93) (6,718.35) (200.00) (13,988.41) 1,246.75 232.39 9,456.54 54.27 250.00 2,500.00 14,654.69 0.00 23.46 9,175.82 5,782.15 4,556.00 279.27 456.23 0.00 137,822.21 2,143.99 10,342.73 2,446.23 14,500.00 9,140.20 6,552.17
(152,195.75)
(136,159.39)
(152,195.75)
(136,159.39)
(1,572.76) (351,687.13) (4,865.00)
(2,359.14) (527,530.70) (7,297.50)
(10,000.00) (345,800.00) (5,000.00)
(650.28)
(975.42)
(930.00)
(1,395.00)
2.60 3,719.23 12.05
3.90 5,578.85 18.08
2,250.00 2,461.39
3,375.00 3,692.09
1,574.53 5,289.73 753.60
2,361.80 7,934.60 1,130.40
(400.00) (100.00) (15,000.00) 1,500.00 400.00 8,520.00 250.00 2,160.00 5,400.00 15,000.00 20,540.00 1,220.00 4,500.00 20,000.00 16,000.00 2,460.00 4,500.00 3,000.00 170,000.00 1,200.00 17,000.00 2,500.00 15,000.00 8,250.00
56,853.47
85,280.21
5,087.71
7,631.57
2,193.11 374.29
3,289.67 561.44
(279,133.46)
(418,700.19)
(56,900.00)
% Incr/ Decr.
=$12.50 x 20,000 (reduced fee to students) Canada Summer Jobs Grant late fundraising donars/proceeds from CFM U concert series Consistan w ith previous years
New CFMU w ebsite/ app updates/bandwidth increase Industry Publications i.e Tape Op / C FM U Community concert SeriesEnd o f the year concert w / Campus Events M acTV to w ebsite content (lecture series 3k) Basketball / F ootball M arauders Broadcast N C R C Conference w ith COC posiiton
324% -53% -34% #DIV/0! 2976% #DIV/0! 975% #DIV/0! 6310% 61% 1283% #DIV/0! 60% 117% #DIV/0! #DIV/0! 69% 530% 1669% #DIV/0! #DIV/0! #DIV/0! #REF! #DIV/0! -100% #DIV/0! #REF! 564% #REF! -117%
