BOARD OF DIRECTORS
CORPORATION FOR PUBLIC BROADCASTING
Monday, April 4, 2016
The Board of Directors endorses the attached FY 2016 – FY 2018 Business Plan.
The CPB Business Plan will be posted separately in the coming days.
That the Board of Directors hereby approves the attached FY 2016 Operating Budget for the Corporation for Public Broadcasting.
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.
Consistent with the authority delegated above, in the event of federal budget action that affects CPB's FY 2016 appropriation, the President and Chief Executive Officer may adjust the overall budget to comply with such action.