Resolution of the Board of Directors of the Corporation for Public Broadcasting
February 1, 2005
FY 2005 Budget Matters
Seven in favor, one absent
WHEREAS,
At its January 27, 2004 meeting, the CPB Board tasked CPB with the development of a plan to return TV Future Fund monies to public television stations; and
WHEREAS,
At its April 27 and July 27, 2004 meetings, the CPB Board adopted recommendations for specific actions to return the uncommitted balance in the TV Future Fund with the goal of further assisting public television stations; and
WHEREAS,
In July 2004, consistent with the CPB Board's wishes that CPB optimize the funds that may be made available to assist stations, management proposed and the CPB Board approved, an FY 2005 operating budget, that discontinued allocations from Community Service Grant monies to the TV Future Fund, the TV Collaboration Fund, the TV Small Station Fund and the Radio Future Fund.
WHEREAS,
The CPB Board has directed management to continue to identify ways of optimizing the funds that may be available to assist stations; and
WHEREAS,
Management has determined that uncommitted balances exist in the TV Collaboration Fund, TV Small Station fund, the TV Future Fund, Radio Rural fund and the Radio Future Fund, even after the allocation of funds for the implementation of certain projects identified as credible and suitable by CPB and appropriate consultation panels;
NOW, THEREFORE BE IT, RESOLVED
The CPB Board adopts the recommendations of management regarding returning uncommitted balances of the TV Collaboration Fund, the TV Small Station Fund, the TV Future Fund, the Radio Future Fund, and the Radio Rural Competitive Fund to their originating fund pools.
FURTHERMORE, BE IT RESOLVED,
Should any future balances result from de-obligated commitments of the aforementioned funds, the Board directs management to assign such monies to the Radio or TV CSG pool as appropriate.