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Station fundraiser reports underwriting income; board weighs MOU with North Beach Independent Media
Summary
North Beach Independent Media reported underwriting revenue and a plan to separate station funds; the Ocean Shores Radio Board discussed a memorandum of understanding that could transfer more operational costs to the nonprofit and reviewed two-year budget questions.
Representatives of North Beach Independent Media told the Ocean Shores Radio Board on April 22 that underwriting (acknowledgment mentions) has become a material revenue source for the station and that the group has created a dedicated account for station funds.
North Beach Independent Media reported raising $12,160.75 in underwriting in 2024 and $3,653.75 so far this year; they spent about $8,545.85 on station purchases in 2024 and $2,517.37 so far this year. The group said it now keeps station-directed funds in a separate account labeled “North Beach Independent Media AOS Studio Fund” to make station revenues and expenditures transparent.
Board members discussed a potential memorandum of understanding (MOU) under which the nonprofit would assume more of the station’s operating costs. Supporters argued that shifting costs would reduce the city’s budget burden; others stressed the need for a formal agreement and city approval. The board also discussed raising underwriting rates in the future but noted local businesses have limited seasonal revenue.
Finance discussion: board members questioned a two-year budget number shown on the packet (recorded as $1,446,000 or similar in the meeting materials) and asked staff to verify the figure with city finance. The board did not change the budget at the meeting.
The board agreed to continue developing an MOU draft, coordinate with city staff, and review legal and budget implications before finalizing any arrangements.
