Radio Station Grant Calculations
Fiscal Year 2008
Expenditure period: 10/1/2007 - 9/30/2009
The FY 2008 Radio grant calculations are based on three assumptions:
- First, and most important, that the Corporation for Public Broadcasting receives the full FY 2008 public broadcasting appropriation of $400 million on October 1, 2007, and that CPB is not subject to any subsequent rescission or other reduction in funding from Congress. Final decisions on possible rescissions or cutbacks might not be known by October 1, but could come later in the fiscal year.
- Second, that the final amount of FY 2006 nonfederal financial support (NFFS) for your grantee will not be modified subsequently, and
- Third, that there will be 411 radio grantees participating in the CSG program.
Changes affecting any of these assumptions could result in adjustments to the actual grants provided.
The final Incentive Rate of Return (IRR), applicable to CSG Levels C and D, is 0.069980. Fluctuation in IRR from year to year is a function of total radio system NFFS and the CPB appropriation. Please note there is a two year lag between station financial data used for CSGs and the CPB fiscal year.
FY 2008 Unrestricted Percentage: 72.16%
FY 2008 Restricted Percentage: 27.84%*
*All radio CSG recipients are required to spend 27.84% of the FY 2008 grant on national program production and acquisition. These funds must be used exclusively for the acquisition, production, promotion and distribution of national programming of high quality, diversity, creativity, excellence and innovation, with strict adherence to objectivity and balance in all programs or series of programs of a controversial nature.
FY 2008 Base Grant Amounts:
- Level A: $100,000
- Level B: $65,000
- Level C: $65,000
- Level D: $52,000
CSG Formulas
NFFS = Non-Federal Financial Support
Minority Multiplier
CPB defines a minority grantee as one that meets at least two of the following three tests:
- a measured minority audience composition greater than 35 percent over the previous two years,
- at least half of the station's full-time work force are members of minority groups,
- at least half of the members of the licensee's board of directors are members of minority groups, or the station(s) is/are licensed to an historically black college or university, as defined by the U.S. Department of Education.
Stations with a board of directors, at least half of the members of which are Native American, qualify for all minority incentives.
Contact CPB
All questions about this information or regarding the FY 2008 calculations should be directed to the Office of Grants Administration at grants@cpb.org.