Annual Report of the Budget Committee

For the Fiscal Year 2011 (Ended 30 September 2011)

Prepared & Submitted by Basit Mustafa, Treasurer, Boulder Community Broadcast Association (BCBA) d/b/a KGNU Radio on 7 November 2011

KGNU Community Radio

4700 Walnut Street Boulder, CO 80302

88.5FM |1390AM | kgnu.org

Boulder Community Broadcast Association

Table of Contents
Table of Contents ........................................................................................................................................................ 2
About This Report ....................................................................................................................................................... 3
About Your Budget Committee ................................................................................................................................... 4
Thanks & Gratitude...................................................................................................................................................... 6
Overview of FY2011 Operational Methodology, Performance, Balance Sheet, and Overall Position ........................ 8
Statement on Net Income ......................................................................................................................................... 12
Assets & Liabilities (Balance Sheet) .......................................................................................................................... 12
Accounting Errata & Information ............................................................................................................................... 15
Budget Committee FY2011 Activities & Operations ................................................................................................. 15
FY2012 Outlook & Commentary ............................................................................................................................... 16
Budget Committee FY2012 Planned Activities & Operations ................................................................................... 16
FY2012 Operational Budget ...................................................................................................................................... 17
Closing Remarks From The Treasurer ...................................................................................................................... 20

FY2011 Annual Report

Boulder Community Broadcast Association

About This Report

This document is the formal written submission of the Budget Committee for KGNU Community Radio (KGNU Radio) for the Annual Meeting of the Boulder Community
Broadcast Association (BCBA). Its purpose is to communicate and inform on KGNUs overall fiscal position, operations, and projects & processes as they relate to the
financial management, leadership, and planning of the organization for the fiscal year 2011 as well as report on the activities of the Budget Committee in FY2011.
1

This document may contain projections for the future, statements of opinion, and even statements of fact. It may also contain errors (it is possible, even at KGNU),
however, reasonable attempts have been made to ensure this report, the data contained or referenced herein, and conclusions drawn are accurate, factual, and well
vetted.
However thorough the preparation of & information in this document, it should not be construed as an official financial statement of any kind. The BCBA d/b/a KGNU
Radio retains an independent external auditor to provide a separate audited financial statement that serves as the primary official financial statement of the BCBA d/b/a
KGNU Radio.
Financials presented herein have been adjusted, modified, and edited to be used as a management tool and to, in the estimation of the Budget Committee, most
accurately reflect operational & asset positions as measurement & assessment tools. Deviations from where the audited statement is expected to land, GAAP, and
other standard reports might occasionally be required to this end; where significant deviation and/or adjustment was made, it is noted appropriately.
Basit Mustafa created this document with input directly from the committee throughout FY2011 and a final FY2011 results analysis meeting held on 3 November 2011.

Fiscal Year 2011 (FY2011) consists of all business booked or transactions accrued beginning 1 October 2010 and concludes the final business recorded through 30

September 2011.
FY2011 Annual Report