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by LaVarn Williams as amended, passed without objection 9/30/07:

(1) No later than the close of business on October 1, 2007, the CFO shall report in writing to the PNB on the status of WBAI's restricted funds, including an accounting of the use of the $300,000 in restricted funds listed in the budget documents.

(2) No later that the close of business on October 1, 2007, the CFO shall transfer Foundation funds to WBAI's restricted funds in an amount sufficient to cover the difference, if any, between the $300,000 in restricted funds and the amounts expended for appropriate purposes under the terms of the funds'restrictions, and shall identify the source of funds used to restore the WBAI restricteds funds accounts.

(3) The GM and business manager of WBAI shall cooperate with all requests of the CFO necessary to carry out the terms of this resolution.

10:00am 9/30/07. Passed without objection.

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