Resolution of the Board of Directors of the Corporation for Public Broadcasting
September 20, 2011
FY 2012 Operating Budget, Goals and Objectives, and Business Plan
Five in favor, one absent
RESOLVED,
That the Board of Directors hereby approves the attached Goals and Objectives and FY 2012 Operating Budget for the Corporation for Public Broadcasting.
RESOLVED,
Consistent with this resolution, the President and Chief Executive Officer may, from time to time, make reallocations in the line items of the budget not to exceed ten (10) percent of any line item, provided that such changes are consistent with statutory allocations contained in the Public Broadcasting Act and further provided that the Board is informed in advance of such reallocations through reports from the Chief Financial Officer and Treasurer.
RESOLVED,
Consistent with the authority delegated above, in the event of federal budget action that affects CPB's FY 2012 appropriation, the President and Chief Executive Officer may adjust the overall budget to comply with such action.
FURTHER RESOLVED,
The Board also endorses the accompanying FY 2012 Proposed Business Plan. CPB management will report to the Board of Directors periodically as to the progress made against the CPB Business Plan which the President and Chief Executive Officer may modify as circumstances warrant.