TSM Board Meeting Agenda · Guests: Audrey White, Carter Goss, Yajaira Fraga, Tarek Benchovia, Richard Fischer, Gerald Rich, Brittany Reeber, Jennifer Hammat TSM Board President Lindsey

Texas Student Media Board of Operating Trustees The University of Texas at Austin

Executive Committee Meeting: 12:30 p.m.

TSM Board Meeting: 1 p.m. CMA, LBJ Room #5.160, 2600 Whitis Ave.

February 3, 2012

Agenda

I. 12:30 p.m., Convene in Open Session for the Texas Student Media Board of Operating Trustees Executive Committee Meeting. A. Monthly TSM Financial Report for November and December, 2011; Lori Hamilton, TSM Business Manager B. Update on the upcoming summer renovation on the 2nd floor of the William Randolph Hearst Building; Frank Serpas, Operations Manager C. Discussion and possible action regarding the preliminary budget estimates for TSM for 2012-2013 II. 1 p.m., Recess and Convene in Open Session for the Texas Student Media Board of Operating Trustees Meeting. A. Approval of the minutes from the November 18, 2011 meeting of the TSM Board of Operating Trustees. III. Discussion and possible action regarding the certification for the TSM Board Positions; College of Communication, Place 2; College of Communication, Place 3; At-Large, Place 4; At-Large, Place 6; and Editor of The Daily Texan newspaper. IV. Recess to Executive Session pursuant to Texas Government Code, Chapter 551, Section 551.074, Personnel Matters Relating to Appointment, Employment, Evaluation, Assignment, Duties, Discipline, or Dismissal of Officers or Employees. A. Discussion regarding certification of applicants for the four Board positions and the Texan Editor. V. Reconvene in Open Session for action on Executive Session items. VI. Discussion and possible action regarding revisions to the TSM Handbook. VII. Report from the Executive Committee; Liindsey Powers, TSM Board President A. Monthly Financial Report for November and December; Lori Hamilton, TSM Business Manager B. Update on the upcoming summer renovation on the 2nd floor of the William Randolph Hearst Building; Frank Serpas, Operations Manager C. Discussion and possible action regarding the preliminary budget estimates for TSM for 2012-2013 VIII. Monthly reports from the Director, Advisers and Student Managers and Editors regarding the social and promotional activities of the different TSM entities IX. Adjournment

Texas Student Media Board of Operating Trustees Meeting

The University of Texas at Austin

College of Communication (CMA) LBJ Room # 5.160

November 18, 2011

1:00 p.m.

Voting members present: Aleksandra Utterback, Tristan Mace, Julia Newtown, Emily O'Keefe, Lindsey Powers, Mike Mackert (by phone), David Verduzco, Mark Morrison, Amy Villarreal

Voting members absent: Nick Zajicek, Tim Lott

Non-voting members present: Gary Borders, Viviana Aldous, Lena Price, Bianca Krause, Travis Bubenik, Steven Zurita, David McQuary, Ryan Ford, Natalie Butler, Cheryl Pyle

Non-voting members absent:

Professional staff present: Jack Simons, Doug Warren, Dan Knight, Lori Hamilton, Frank Serpas, C.J. Salgado

Guests: Audrey White, Carter Goss, Yajaira Fraga, Tarek Benchovia, Richard Fischer, Gerald Rich, Brittany Reeber, Jennifer Hammat

TSM Board President Lindsey Powers called meeting into order at 1:00 p.m.

Approval of Minutes Lindsey Powers made a motion, which was seconded by Board Member Amy Villarreal, and the minutes of October 21, 2011 were approved. Presentation by Richard Fischer Richard Fischer was going to give a quick overview in regard to the Horowitz ad run in The Daily Texan but there were technical difficulties with the projection system, so the matter was pushed back to later in the meeting. Discussion/Action Regarding the TSM Handbook Director Gary Borders reported the board handbook is being updated, and would be presented for approval at the February meeting.

Monthly Financial Report for October: Business Manager Lori Hamilton Lori Hamilton led a discussion about TSM’s financial performance to date and noted future key events. February will include the Housing Fair, which is the largest revenue event of the spring semester. Board member Tristan Mace asked how much of advertising is affected by the success of the football team. It was agreed that the Longhorns’ success plays a definite factor in increasing the budget. Monthly Reports from the Director, Advisers and Student Managers Borders started off by reporting that small first steps were being taken with development efforts, that a “Make a Gift’ Button would soon be added to the websites. TSM plans to work with the Development Office to conduct a direct-mail campaign. Board Member Mark Morrison suggested we should have a TSM reunion to possibly jump-start the process. A market study survey will be conducted in January with 25,000 students, faculty and staff being invited to participate. The research firm predicts about 4,000 out of the 25,000 to respond. 1:20 Richard Fischer’s Presentation was held as the technical issues were resolved. Fischer held a presentation on the behalf of the Palestine Solidarity Committee about the Horowitz Freedom Center advertisement from September 21 that was published in The Daily Texan, which he characterized as anti-Palestinian. Lena Price, Daily Texan Managing Editor, expressed that advertising and editorial faced serious issues when deciding to run the ad. After the Palestine Solidarity Committee made its presentation and discussed their issue with the published advertisement, Doug Warren, Viviana Adous and Natalie Butler all discussed how the advertising policy issue needs to be changed. There are two options: 1) Decisions on publishing an advertisement should either be made by the publisher or 2) the 3rd student should be a non-voting member of TSM’s board. Mark Morrison pointed out his concern about the advertising as Amy Villarreal also commented on possibility of future lawsuits, and suggested that TSM should appoint Gary Borders as main decision maker for publishing of advertisements. Tristan Mace suggested there should be a group of 5 people to make the publishing decision: the editor of The Daily Texan, an advertising representative, Gary Borders, an ex-board member, and the student body president. After further back and forth discussion of the internal process, Gary Borders decided to bring the policy into February’s TSM board meeting to make a final decision to the matter. Everyone agreed there should be no apologies made for the advertisement. In conclusion, Gary Borders will vote after Thanksgiving on the final decision. 2:34 Monthly Board Reports Continued The Daily Texan reported great news of continued improvement on its website and the need for resources for further improvement. Printing costs cut-backs could flow into the website during the summer. However there is a need to look at the numbers more accurately to make that final decision. Lindsey Powers commented that there needs to be a greater transition to the web.

Appointment of Managing Editor for the Daily Texan for the spring semester New managing editor Audrey White was interviewed and she gave her background history and reasons for wanting the position. Board Member David Verduzco moved to waive the course requirement for media law, while Mark Morrison seconded the motion. Thereafter, Amy Villarreal moved to elect Audrey White as the new managing editor of The Daily Texan while Mark Morrison seconded the motion. Adviser Dan Knight Reported that TSTV is doing well and that the student manager is giving a mid-course review by his own staff. KVRX radio staff was productive this month as well. Operations Manager Frank Serpas' Report on the construction explained that the Cactus is now on the 3rd floor and Travesty would soon move into the old Cactus offices. Adviser Jack Simons explained that the Cactus staff has been busy with deadlines. TSTV Student Manager Steven Zurita informed the board of the 1st place live performance drama award. Texas Travesty's David McQuary is focusing on working with advertising to improve sales. Board adjournment was at 3:23 p.m.

Page 1

Beginning Balance

September 2011

Ending Balance

November 2011

14-0632-1251 TSM Faculty Staff Directory 5,534.00$ 5,534.00$

30-6267-4593 KVRX Radio Gifts 25,062.11$ 25,162.11$ 30-6267-4551 KVRX Radio Expense - 2.06$

Balance 25,062.11$ 25,160.05$

30-6267-4693 TSM-Var. Donors, Var. Pur. Gifts 15,482.80$ 15,982.80$ 30-6267-4694 TSM-Var. Donors, Var. Pur. Inv Inc 1,098.06 1,098.06 30-6267-4670 TSM-Var. Donors, Var. Pur. Sch/Fellow. (500.00) (500.00) 30-6267-4656 TSM-Var. Donors, Var. Pur. Misc. Other

Balance 16,080.86$ 16,580.86$

30-6267-4793 TSTV Gift Account Income 11,228.89$ 11,228.89$ 30-6267-4751 TSTV Gift Account Expense - -

Balance 11,228.89$ 11,228.89$

29-3290-7099 TSM Operations Reserve (210,076.81)$ (236,059.78)$ 36-7090-6551 TSM Renovation Account 4,920.90$ 2,595.90$ 36-0800-7007 TSM Capital Reserves 723,665.55 723,665.55

Balance 518,509.64$ 490,201.67$

Texas Student Media Accounts(other than operating budget)

2

Texas Student Media

Consolidated Summary

Budget Actual YTD Actual YTD % of FY Actual Actual

11/12 through Nov 10 through Nov 11 = 25% Nov 10 Nov 11

REVENUE

SSBC Allocation 436,438 121,406 109,110 25% 40,469 36,370

Advertising Income 1,422,282 522,710 493,613 35% 160,562 127,275

Other Income 257,450 84,132 81,235 32% 12,594 21,775

Total Revenue 2,116,170 728,248 683,958 32% 213,625 185,420

EXPENSE

Admin & Prof Salaries 260,032 77,845 62,347 24% 30,164 19,589

Classified Personnel Salaries 415,387 135,189 98,373 24% 51,318 30,600

Wages 495,669 188,606 138,104 28% 60,062 44,241

Fringe Benefits 309,655 89,835 71,288 23% 31,217 22,864

Other Expense 700,847 293,076 243,192 35% 52,113 58,052

Student Manager Tuition 42,600 18,900 18,900 44% - -

Travel 9,950 4,407 2,178 22% 630 166

Allocation for Budget Adjustment 6,318 - - 0% - -

Total Expense 2,240,458 807,857 634,382 28% 225,503 175,513

Operating Income (Loss) (124,288) (79,609) 49,575 -40% (11,879) 9,907

UT Administrative Expense (3.25%) 69,008 13,728 10,641 15% 5,702 4,912

UT Administrative Expense Return 48,000 13,717 10,641 22% 5,702 4,912

VPSA Allocation Transfer 29,958 67,791 29,958 100% - -

NET INCOME (LOSS) (175,253) (147,411) 19,617 -11% (11,879) 9,907

Depreciation Expense net of Capitalized Equipment 15,312 13,119

ADDITION TO (USE OF) OPERATING RESERVES (132,099) 32,737

3

Texas Student Media

Consolidated Income Statement

General Overhead Advertising Daily Texan Cactus Travesty Suppl. Services KVRX TSTV TSM Consolidated

through Nov 11 through Nov 11 through Nov 11 through Nov 11 through Nov 11 through Nov 11 through Nov 11 through Nov 11 through Nov 11

REVENUE

SSBC Allocation - - 70,468 1,808 1,924 - 15,905 19,004 109,110

Advertising Income - - 444,970 - 8,782 13,472 15,433 10,956 493,613

Other Income - - 1,730 51,001 492 100 7,409 20,503 81,235

Total Revenue 0 0 517,168 52,809 11,198 13,572 38,747 50,463 683,958

EXPENSE

Admin & Prof Salaries 28,515 29,082 0 - - - 2,375 2,375 62,347

Classified Personnel Salaries 26,653 32,419 21,711 4,498 - 1,520 4,629 6,943 98,373

Wages - 17,526 92,807 7,970 2,381 949 8,075 8,396 138,104

Fringe Benefits 24,873 22,354 18,185 1,415 14 4,447 - - 71,288

Other Expense 52,246 12,154 164,391 2,155 1,881 277 3,618 6,471 243,192

Student Manager Tuition - - 7,200 3,600 900 - 3,600 3,600 18,900

Travel - - 2,017 - - - - 161 2,178

Allocation for Budget Adjustment - - - - - - - - -

Total Expense 132,287 113,535 306,311 19,637 5,177 7,192 22,297 27,946 634,382

Operating Income (Loss) (132,287) (113,535) 210,857 33,172 6,021 6,380 16,450 22,517 49,575

UT Administrative Expense (3.25%) 3,007 3,434 3,458 361 48 160 84 89 10,641

UT Administrative Expense Return 3,007 3,434 3,458 361 48 160 84 89 10,641

VPSA Allocation Transfer 29,958 - - - - - - - 29,958

General Overhead Allocation 162,245 - 124,507 11,485 2,403 3,192 9,248 11,410 0

Advertising Allocation - 113,533 102,350 2,024 3,061 3,557 2,541 0

Net Income from Media Units 19,619

NET INCOME (LOSS) 19,619 (2) (16,000) 21,687 1,594 127 3,645 8,566 19,617

Depreciation Expense net of Cap Equipment 13,119 13,119

ADDITION TO (USE OF) OPERATING RESERVES 32,738 32,737

4

Texas Student Media

General Overhead



EXPENSE


Classified Salaries 106,790 26,828 26,653 25% 10,977 8,885

Wages - 0 0 0% 0 0

Fringe Benefits 94,939 24,674 24,873 26% 8,457 8,302

Other Expense

Bldg. Maint. and Repairs 250 0 0 0% 0 0

Collection Expense 500 0 250 50% 0 0

Computer Suppl/Mtn & Equipment 14,000 13,451 9,145 65% 0 104

Depreciation Expense 63,048 15,312 13,119 21% 4,022 1,987

Gasoline, Vehicle Maint. & Repair 2,000 245 547 27% 114 48

Insurance 15,000 0 0 0% 0 0

ITS Site Management Fee 56,000 53,699 0 0% 0 0

Meeting/Official Occasion Expense 2,000 0 958 48% 276 173

Minor Equipment 500 0 400 80% 0 400

Miscellaneous 1,592 3,466 706 44% 155 (1,269)

Postage 3,500 1,036 906 26% 286 326

Registration, Subscriptions & Dues 5,805 1,994 2,394 41% 377 264

Service Contracts 6,348 2,186 856 13% 529 0

Stationery and Supplies 3,500 773 545 16% 212 270

Telephone-Equipment 3,700 3,696 3,372 91% 324 0

Telephone-Long Distance 75 2 1 1% 1 0

Utilities 59,500 20,583 19,047 32% 13,392 6,296

Total Other Expense 237,318 116,443 52,246 22% 19,688 8,600

Travel 400 0 0 0% 0 0

Allocation for Budget Adjustment 1,416 0 0 0% 0 0

Total Expense 554,203 199,574 132,287 24% 50,397 35,292



TSM Operating Reserves Transfer - 0 0 0% 0 0

VPSA Allocation Transfer 29,958 67,791 29,958 100% 0 0

General Overhead Allocation to Units 589,020 267,365 162,245 28% 50,397 35,292

Net Income (Loss) from Units (175,252) (145,730) 19,619 (11,878) 9,908

NET INCOME (LOSS) (175,252) (145,730) 19,620 (11,877) 9,907

Depreciation Expense net of Capital Equipment 15,312 13,119

ADDITION TO (USE OF) OPERATING RESERVES (130,418) 32,739

5

Texas Student Media

Advertising



EXPENSES


Classified Professional Salaries 129,677 45,171 32,419 25% 17,718 10,805

Wages 65,520 31,661 17,526 27% 11,084 5,421

Fringe Benefits 98,847 29,448 22,354 23% 10,423 6,671

Other Expense

Computer Maint. and Supplies 500 0 0 0% 0 0

Credit Card Expense 11,000 2,315 2,289 21% 816 777


Miscellaneous 565 10 355 63% 0 10

Postage 300 0 9 3% 0 9

Promotions/Surveys 8,500 297 251 3% 297 0

Registration, Subsc & Dues 3,000 165 165 5% 32 32


Telephone--Equipment 8,430 8,433 8,410 100% 0 0



Travel 1,000 0 0 0% 0 0

Allocation for Budget Adjustment 168 0 0 0% 0 0

Total Expense 460,559 148,435 113,535 25% 53,427 32,690



Advertising Allocation to Units 465,006 148,434 113,533 24% 53,426 32,689

NET INCOME (LOSS) 0 1 2 1 1

6

Texas Student MediaThe Daily Texan



REVENUE

Local Display 671,559 241,131 187,591 28% 63,454 50,354

Campus Advertising 115,753 35,355 33,033 29% 9,897 9,080

Total Local Advertising 787,312 276,486 220,624 28% 73,351 59,434

National Display-Reps 174,603 62,515 84,998 49% 13,749 22,478

National Display-Other 194,294 91,769 110,479 57% 37,471 25,928

Total National Advertising 368,897 154,284 195,476 53% 51,220 48,406

Classified-General - 7,310 5,616 0% 1,814 1,422

Classified-Display - 9,995 8,683 0% 2,586 2,706

Total Classified Advertising 30,931 17,305 14,299 46% 4,400 4,127 Web Advertising 78,590 19,920 14,570 19% 6,785 1,970

Bad Debt/Write-offs (3,000) - - 0% - -

Total Advertising 1,262,730 467,995 444,970 35% 135,756 113,938 Subscriptions and Sales 1,800 2,195 1,730 96% 300 155

Student Services Fee 281,873 78,203 70,468 25% 26,068 23,489

Other Sources 300 - - 0% -

Total Revenue 1,546,703 548,393 517,168 33% 162,124 137,582

EXPENSEAdmin & Prof Salaries - 9,741 - 0% 3,773 -


Wages Circulation/Printing - 7,946 - 0% 2,423 - Advertising Commissions 80,640 31,625 22,210 28% 7,898 4,529 Editorial 207,476 82,583 63,822 31% 27,157 21,381 DT Special Editions 7,000 - 5,280 75% - 1,920 Adv Supplement Special Editions 10,889 - 1,495 14% - 630

Total Wages 306,005 122,154 92,807 30% 37,479 28,460

Fringe Benefits 94,964 26,186 18,185 19% 9,117 5,942

Other Expense

Computer Maint & Supplies 250 - 79 0% - -

Minor Equipment 1,000 - - 0% - - Miscellaneous 1,150 91 161 14% - 11

Service Contracts - - - - - Telephone-Equipment 11,000 10,062 9,785 89% 398 71

Telephone-Long Distance 300 77 34 11% 34 17 Editorial Expense

Camera Repair 4,000 812 117 3% 116 117 Features 3,000 920 432 14% 289 (200) Meeting Expense 2,500 1,298 859 34% - 158 Parking 1,494 - - 0% - - Photo Supplies 4,200 584 - 0% - - Registration, Subsc and Dues 2,000 1,016 840 42% 92 40


Wire Service 1,132 6,305 - 0% 2,102 -

Total Editorial Expense 20,326 11,689 2,513 12% 2,796 170

6

Budget Actual Actual % of FY Actual Actual


Circulation/Printing ExpenseBound Volumes 1,400 - - 0% - -

Gas, Vehicle Maintenance - 1,367 14 0% 816 7 Printing Expense 259,000 114,661 119,963 46% 20,145 34,252 Newsracks - - - 0% - -

Postage and Mail-Outs 12,000 2,187 2,000 17% 181 2,000

Distribution Expense 69,065 - 29,843 43% - 8,527

Total Printing Expense 341,465 118,215 151,820 44% 21,142 44,785

Total Other Expense 375,491 140,133 164,391 44% 24,370 45,055 Student Manager Tuition 19,200 7,200 7,200 38% - -

TravelCirculation - 1,740 - 0% 630 - Editorial 8,000 1,995 2,017 25% - 117 Photography - - - - - Conference-Student 500 645 - 0% - - Conference-Professional - - - - -

Total Travel 8,500 4,380 2,017 24% 630 117

Allocation for Budget Adjustment 1,724 - - - -

Total Expense 914,444 339,566 306,311 33% 85,740 84,621

Operating Income (Loss) 632,259 208,827 210,857 33% 76,383 52,961



Advertising Allocation 412,951 132,760 102,350 25% 45,413 29,264

General Overhead Allocation 434,979 198,277 124,507 29% 37,374 26,980

NET INCOME (LOSS) (224,529) (122,210) (16,000) 7% (6,404) (3,283)

7

Texas Student Media

Cactus



REVENUE

Sales 95,000 47,020 43,941 46% 6,491 6,918

Student Services Fee 7,232 2,006 1,808 25% 669 603

Organization Page Sales - 0 0 0% 0 0

Miscellaneous 250 0 0 0% 0 0

Prior Year Sales 1,500 79 2,660 177% 79 471

Freshmen Directory 4,400 0 4,400 100% 0 0

Advertising Income 15,000 0 0 0% 0 0

Total Revenue 123,382 49,105 52,809 43% 7,238 7,992

EXPENSE


Wages 24,975 9,308 7,970 32% 3,247 2,680

Fringe Benefits 5,967 2,406 1,415 24% 869 472

Other Expense

Credit Card Expense 500 428 223 45% 222 191

Meeting Expense 350 140 97 28% 70 67

Miscellaneous Expense 83 0 48 58% 0 35

Minor Equipment - 0 0 0% 0 0

Parking 264 0 0 0% 0 0

Photo 1,000 2 200 20% 2 0

Postage & Express Mail 100 27 36 0% 21 36

Printing Expense 100 0 0 0% 0 0

Promotions 3,000 390 757 25% 0 138

Registration, Subsc & Dues 400 149 318 80% 0 149

Stationery, Supplies, Services 250 154 0 0% 97 0

Telephone-Equipment 594 475 475 80% 0 0


Total Other Expense 6,646 1,765 2,155 32% 412 617

Student Manager Tuition 7,200 3,600 3,600 50% 0 0

Travel - 0 0 0% 0 0

Allocation for Budget Adjustment - 0 0 0% 0 0

Total Expense 62,781 25,548 19,637 31% 7,785 5,268

Operating Income (Loss) 60,601 23,557 33,172 55% (547) 2,724

UT Administrative Expense (3.25%) 1,790 456 361 20% 218 155

UT Administrative Expense Return 1,245 456 361 29% 218 155


NET INCOME (LOSS) 27,800 8,743 21,687 78% (3,341) 1,099

8

Texas Student Media

Texas Travesty

Budget Actual YTD Actual YTD % of FY Actual Actual11/12 through Nov 10 through Nov 11 = 25% Nov 10 Nov 11

REVENUEAdvertising 26,367 6,983 8,782 33% 2,433 1,994Miscellaneous 500 337 492 98% 109 0


Total Revenue 34,561 9,454 11,198 32% 3,254 2,635

EXPENSE

Classified Personnel Salaries - - - 0% 0 0

Wages--Student Employees 6,300 2,100 1,875 30% 720 635

Advertising Commissions 3,750 580 506 14% 171 128

Total Wages 10,050 2,680 2,381 24% 891 763

Fringe Benefits 65 14 14 22% 5 5

Other Expense Distribution Expense 1,400 - - 0% 0 0

Parking 33 - - 0% 0 0Printing 4,300 4,525 1,647 38% (33) 806Promotion 500 - - 0% 0 0Supplies and Services 250 - - 0% 0 (158)Telephone Equipment - 234 234 0% 0

Total Other Expense 6,483 4,759 1,881 29% (33) 648

Student Manager Tuition 1,800 900 900 50% 0 0

Allocation for Budget Adjustment - - - 0% 0 0

Total Expense 18,398 8,353 5,177 28% 864 1,416


UT Administrative Expense (3.25%) 539 53 48 9% 28 30UT Administrative Expense Return 375 53 48 13% 28 30

Advertising Allocation 8,602 1,665 2,024 24% 534 512

General Overhead Allocation 9,231 4,091 2,403 26% 772 483

NET INCOME (LOSS) (1,835) (4,655) 1,594 -87% 1,085 224

9

Texas Student Media

Supplemental Services



REVENUE

Our Campus 46,285 15,200 13,472 29% 7,461 3,530

Buys of Texas 2,000 - - 0% 0 0

iPhone Advertising 1,450 1,092 - 0% 84 0Miscellaneous - - - 0% 0 0Visitors Guide 10,000 10,000 - 0% 0 0

Phone Directory Advertising 45,000 - - 0% 0 0

Photography Image Sales 1,000 240 100 10% 84 40

Total Revenue 105,735 26,531 13,572 13% 7,629 3,570

EXPENSE

Admin. & Prof. Salaries - 3,247 - 0% 1,258 0

Classified Personnel Salaries 6,080 12,177 1,520 25% 3,937 507

Special Edition Wages 1,357 - - 0% 0 0Student Web Team Wages 5,000 1,800 403 8% 288 203Advertising Commissions 4,500 1,414 546 12% 658 187

Our Campus Wages 2,475 260 - 0% 0 0

Total Wages 13,332 3,474 949 7% 946 389

Fringe Benefits 14,872 7,107 4,447 30% 2,347 1,473

Other ExpenseDirectory Expense - - - 0% 0 0Distribution Expense - - - 0% 0 0

Miscellaneous 630 277 - 0% 0 0Supplies and Svcs 500 - - 0% 0 0Photo Expense. - - - 0% 0 0

Postage & Express Mail - - - 0% 0 0Printing Expense 9,279 3,258 - 0% 1,448 0Telephone Equipment 275 - 277 101% 0 0

Total Other Expense 10,684 3,535 277 3% 1,448 0


Total Expense 44,968 29,540 7,192 16% 9,936 2,369

Operating Income (Loss) 60,767 (3,008) 6,380 10% (2,307) 1,201


UT Administrative Expense Return 1,017 548 160 16% 317 92Advertising Allocation 16,226 4,941 3,061 19% 2,671 907

General Overhead Allocation 25,520 18,125 3,192 13% 3,414 729

NET INCOME (LOSS) 18,575 (26,085) 127 1% (8,392) (435)

10

Texas Student MediaKVRX

Budget Actual YTD Actual YTD % of FY Actual Actual11/12 through Nov 10 through Nov 11 = 25% Nov 10 Nov 11

REVENUE

Underwriting 44,200 18,070 15,433 35% 7,833 3,910

Sponsored Public Service Annou. 12,000 3,176 3,530 29% 1,081 850Production 0 0 0 0% 0 0Web 0 0 0 0% 0 0Sales & Service 300 31 79 26% 7 23Tower Rental 11,400 3,800 3,800 33% 950 950Student Services Fee 63,622 17,786 15,905 25% 5,929 5,302

Total Revenue 131,522 42,863 38,747 29% 15,800 11,035

EXPENSEAdmin. & Prof. Salaries 9,920 1,581 2,375 24% 614 792


Wages--Student Employees 23,400 4,980 4,525 19% 1,770 1,510Wages--Professional Employees 5,538 360 450 8% 0 150Advertising Commissions 9,500 4,500 3,100 33% 1,507 912

Total Wages 38,438 9,840 8,075 21% 3,277 2,572


Other Expense Credit Card Expense 0 0 3 0% 2 2

Equipment Insurance 375 371 0 0% 0 0Meeting Expense 150 0 0 0% 0 0

Minor Equipment 1,000 452 0 0% 0 0

Other Services Expense 65 0 26 40% 0 0

Parking 0 0 0 0% 0 0Printing-Call Letter 0 0 0 0% 0 0Promotion 3,000 1,795 0 0% 1,391 0Registration, Subsc, & Dues 2,000 118 180 9% 0 0

Supplies and Services 1,300 160 48 4% 86 0Telephone-Equipment 3,000 2,650 2,621 87% 36 33


Utilities 3,500 961 740 21% 244 364Total Other Expense 14,410 6,507 3,618 25% 1,758 400


Student Travel 0 0 0 0% 0 0


Total Expense 89,803 26,638 22,297 25% 7,673 5,307


UT Administrative Expense (3.25%) 2,685 85 84 3% 1 1UT Administrative Expense Return 1,867 85 84 5% 1 1



NET INCOME (LOSS) (13,401) (4,207) 3,645 -27% 2,602 2,803

11

Texas Student Media

TSTV



REVENUE

Advertising/Underwriting 39,250 13,371 10,956 28% 6,995 3,902

Class Fees 14,000 9,060 7,635 55% 0 35

Production 34,000 7,691 11,925 35% 3,300 11,925

Web - - - 0% 0 0

Kids Camp 8,000 - (180) -2% 0 0

Sales and Services 3,000 504 1,123 37% 192 407


Total Revenue 174,267 51,902 50,463 29% 17,579 22,604

EXPENSE

Admin. & Prof. Salaries 9,920 1,582 2,375 24% 615 792


Wages--Student Employees 20,700 6,058 5,978 29% 2,046 2,986

Wages--Professional Employees 5,649 360 450 8% 0 150

Advertising Commissions 11,000 3,070 1,968 18% 1,091 820

Total Wages 37,349 9,488 8,396 22% 3,137 3,956

Fringe Benefits - - - 0% 0 0

Other Expense

Equipment Insurance 550 530 - 0% 0 0

Kids Camp - - - 0% 0 0

Maintenance and Repairs 1,000 900 - 0% 900 0

Minor Equipment 1,200 1,368 609 51% 250 225

Miscellaneous 1,000 23 4 0% (0) 3

Other Services Expense 565 462 1,563 277% 436 600

Parking 175 - - 0% 0 0

Postage & Express Mail 50 - 15 31% 0 0

Promotion 350 - - 0% 0 0


Supplies and Services 1,100 553 18 2% 278 12



Video Tapes 700 442 813 116% 329 257




Allocation for Budget Adjustment 1,690 - - 0% 0 0

Total Expense 95,301 30,205 27,946 29% 9,682 8,550






NET INCOME (LOSS) 18,137 1,005 8,566 47% 2,571 9,499

Page 1

Beginning Balance

September 2011

Ending Balance

December 2011

14-0632-1251 TSM Faculty Staff Directory 5,534.00$ 5,534.00$

30-6267-4593 KVRX Radio Gifts 25,062.11$ 25,387.11$ 30-6267-4551 KVRX Radio Expense - 6.70$

Balance 25,062.11$ 25,380.41$

30-6267-4693 TSM-Var. Donors, Var. Pur. Gifts 15,482.80$ 16,232.80$ 30-6267-4694 TSM-Var. Donors, Var. Pur. Inv Inc 1,098.06 1,098.06 30-6267-4670 TSM-Var. Donors, Var. Pur. Sch/Fellow. (500.00) (500.00) 30-6267-4656 TSM-Var. Donors, Var. Pur. Misc. Other

Balance 16,080.86$ 16,830.86$

30-6267-4793 TSTV Gift Account Income 11,228.89$ 11,228.89$ 30-6267-4751 TSTV Gift Account Expense - -

Balance 11,228.89$ 11,228.89$

29-3290-7099 TSM Operations Reserve (210,076.81)$ (236,059.78)$ 36-7090-6551 TSM Renovation Account 4,920.90$ 2,595.90$ 36-0800-7007 TSM Capital Reserves 723,665.55 723,665.55

Balance 518,509.64$ 490,201.67$

Texas Student Media Accounts(other than operating budget)

2

Texas Student Media

Consolidated Summary


11/12 through Dec 10 through Dec 11 = 33% Dec 10 Dec 11

REVENUE

SSBC Allocation 436,438 157,529 145,479 33% 36,123 36,370

Advertising Income 1,422,282 594,872 546,386 38% 72,162 52,773

Other Income 257,450 87,016 91,182 35% 2,883 9,948

Total Revenue 2,116,170 839,417 783,048 37% 111,168 99,090

EXPENSE



Wages 495,669 217,383 158,277 32% 28,778 20,173

Fringe Benefits 309,655 117,778 95,705 31% 27,943 24,418

Other Expense 700,847 329,258 316,670 45% 36,181 73,479

Student Manager Tuition 42,600 18,900 18,900 44% - -

Travel 9,950 5,581 2,276 23% 1,175 98

Allocation for Budget Adjustment 6,318 - - 0% - -

Total Expense 2,240,458 965,902 802,738 36% 158,045 168,357

Operating Income (Loss) (124,288) (126,486) (19,691) 16% (46,877) (69,266)



VPSA Allocation Transfer 29,958 67,791 29,958 100% - -

NET INCOME (LOSS) (175,253) (194,287) (49,649) 28% (46,877) (69,266)

Depreciation Expense net of Capitalized Equipment 19,323 18,450

ADDITION TO (USE OF) OPERATING RESERVES (174,964) (31,198)

3

Texas Student Media

Consolidated Income Statement

General Overhead Advertising Daily Texan Cactus Travesty Suppl. Services KVRX TSTV TSM Consolidated

through Dec 11 through Dec 11 through Dec 11 through Dec 11 through Dec 11 through Dec 11 through Dec 11 through Dec 11 through Dec 11

REVENUE

SSBC Allocation - - 93,958 2,411 2,565 - 21,207 25,339 145,479

Advertising Income - - 492,119 - 8,782 16,959 16,262 12,264 546,386

Other Income - - 1,880 57,623 492 100 8,277 22,810 91,182

Total Revenue 0 0 587,956 60,034 11,839 17,059 45,746 60,414 783,048

EXPENSE

Admin & Prof Salaries 38,020 37,582 0 - - - 3,167 3,167 81,936

Classified Personnel Salaries 35,537 43,225 26,758 5,997 - 2,027 6,172 9,257 128,973

Wages - 19,930 102,460 11,020 3,031 1,126 9,920 10,789 158,277

Fringe Benefits 33,295 28,700 25,869 1,899 19 5,922 - - 95,705

Other Expense 108,321 14,345 178,061 2,592 1,881 277 3,902 7,291 316,670

Student Manager Tuition - - 7,200 3,600 900 - 3,600 3,600 18,900

Travel - - 2,115 - - - - 161 2,276

Allocation for Budget Adjustment - - - - - - - - -

Total Expense 215,173 143,783 342,464 25,108 5,832 9,352 26,762 34,265 802,738

Operating Income (Loss) (215,173) (143,783) 245,492 34,926 6,007 7,707 18,984 26,148 (19,691)

UT Administrative Expense (3.25%) 4,159 4,686 4,941 526 69 231 97 128 14,835

UT Administrative Expense Return 4,159 4,686 4,941 526 69 231 97 128 14,835

VPSA Allocation Transfer 29,958 - - - - - - - 29,958

General Overhead Allocation 245,132 - 181,245 18,612 3,163 6,272 15,526 20,314 0

Advertising Allocation - 143,782 129,375 2,024 5,060 4,032 3,291 0

Net Income from Media Units (49,649)

NET INCOME (LOSS) (49,648) (1) (65,128) 16,314 820 (3,625) (574) 2,543 (49,649)

Depreciation Expense net of Cap Equipment 18,450 18,450


4

Texas Student Media

General Overhead



EXPENSE


Classified Salaries 106,790 34,754 35,537 33% 7,926 8,884

Wages - 0 0 0% 0 0

Fringe Benefits 94,939 32,882 33,295 35% 8,208 8,422

Other Expense

Bldg. Maint. and Repairs 250 0 0 0% 0 0

Collection Expense 500 0 250 50% 0 0

Computer Suppl/Mtn & Equipment 14,000 13,451 9,145 65% 0 0

Depreciation Expense 63,048 19,323 18,450 29% 4,011 5,331

Gasoline, Vehicle Maint. & Repair 2,000 310 688 34% 65 141

Insurance 15,000 0 0 0% 0 0

ITS Site Management Fee 56,000 53,699 46,350 83% 0 46,350

Meeting/Official Occasion Expense 2,000 0 958 48% 0 0


Miscellaneous 1,592 3,466 706 44% 0 0

Postage 3,500 1,180 975 28% 144 68

Registration, Subscriptions & Dues 5,805 2,277 3,015 52% 283 621

Service Contracts 6,348 2,923 1,712 27% 738 856




Utilities 59,500 26,484 21,507 36% 5,902 2,460


Travel 400 0 0 0% 0 0


Total Expense 554,203 237,239 215,173 39% 37,664 82,886



TSM Operating Reserves Transfer - 0 0 0% 0 0

VPSA Allocation Transfer 29,958 67,791 29,958 100% 0 0

General Overhead Allocation to Units 589,020 305,029 245,132 42% 37,664 82,887

Net Income (Loss) from Units (175,252) (191,886) (49,649) (46,877) (69,268)

NET INCOME (LOSS) (175,252) (191,885) (49,650) (46,876) (69,269)

Depreciation Expense net of Capital Equipment 19,323 18,450


5

Texas Student Media

Advertising



EXPENSES



Wages 65,520 36,029 19,930 30% 4,368 2,404

Fringe Benefits 98,847 37,580 28,700 29% 8,132 6,346

Other Expense

Computer Maint. and Supplies 500 0 565 113% 0 565

Credit Card Expense 11,000 4,001 3,185 29% 1,686 896


Miscellaneous 565 10 469 83% 0 114

Postage 300 0 9 3% 0 0

Promotions/Surveys 8,500 297 492 6% 0 241


Stationery and Supplies 6,000 1,518 749 12% 675 340

Telephone--Equipment 8,430 8,433 8,410 100% 0 0



Travel 1,000 0 0 0% 0 0

Allocation for Budget Adjustment 168 0 0 0% 0 0

Total Expense 460,559 184,980 143,783 31% 36,546 30,248



Advertising Allocation to Units 465,006 184,980 143,782 31% 36,546 30,249

NET INCOME (LOSS) 0 0 1 0 (1)

6

Texas Student MediaThe Daily Texan



REVENUE

Local Display 671,559 268,343 204,946 31% 27,212 17,355

Campus Advertising 115,753 40,635 33,951 29% 5,280 918

Total Local Advertising 787,312 308,978 238,897 30% 32,492 18,273

National Display-Reps 174,603 73,402 98,760 57% 10,887 13,763

National Display-Other 194,294 106,719 123,514 64% 14,950 13,036

Total National Advertising 368,897 180,121 222,275 60% 25,837 26,798

Classified-General - 7,738 6,005 0% 428 389

Classified-Display - 10,398 9,024 0% 403 341

Total Classified Advertising 30,931 18,136 15,029 49% 831 730 Web Advertising 78,590 23,225 15,918 20% 3,305 1,348

Bad Debt/Write-offs (3,000) - - 0% - -

Total Advertising 1,262,730 530,460 492,119 39% 62,465 47,149 Subscriptions and Sales 1,800 2,355 1,880 104% 160 150


Other Sources 300 - - 0% - -

Total Revenue 1,546,703 634,286 587,956 38% 85,894 70,788

EXPENSEAdmin & Prof Salaries - 12,725 - 0% 2,984 -


Wages Circulation/Printing - 8,620 - 0% 674 - Advertising Commissions 80,640 35,227 23,901 30% 3,602 1,691 Editorial 207,476 93,126 70,824 34% 10,543 7,002 DT Special Editions 7,000 - 6,240 89% - 960 Adv Supplement Special Editions 10,889 - 1,495 14% - -

Total Wages 306,005 136,973 102,460 33% 14,819 9,653

Fringe Benefits 94,964 34,665 25,869 27% 8,479 7,684

Other Expense

Computer Maint & Supplies 250 - 79 0% - -

Minor Equipment 1,000 - - 0% - - Miscellaneous 1,150 91 161 14% - -

Service Contracts - - - - - Telephone-Equipment 11,000 10,090 9,811 89% 29 26

Telephone-Long Distance 300 119 39 13% 43 5 Editorial Expense

Camera Repair 4,000 1,245 117 3% 433 - Features 3,000 1,208 1,208 40% 289 777 Meeting Expense 2,500 1,298 859 34% - - Parking 1,494 - - 0% - - Photo Supplies 4,200 881 - 0% 297 - Registration, Subsc and Dues 2,000 1,146 840 42% 130 -

Stationery and Supplies 2,000 774 266 13% 20 -

Wire Service 1,132 8,407 - 0% 2,102 -

Total Editorial Expense 20,326 14,960 3,290 16% 3,271 777

6

Budget Actual Actual % of FY Actual Actual


Circulation/Printing ExpenseBound Volumes 1,400 - - 0% - -

Gas, Vehicle Maintenance - 2,162 14 0% 795 - Printing Expense 259,000 128,149 130,694 50% 13,488 10,731 Newsracks - - - 0% - -

Postage and Mail-Outs 12,000 2,578 2,000 17% 391 -

Distribution Expense 69,065 - 31,975 46% - 2,132

Total Printing Expense 341,465 132,889 164,683 48% 14,674 12,863

Total Other Expense 375,491 158,149 178,061 47% 18,016 13,671 Student Manager Tuition 19,200 7,200 7,200 38% - -

TravelCirculation - 2,520 - 0% 780 - Editorial 8,000 2,390 2,115 26% 395 98 Photography - - - - - Conference-Student 500 645 - 0% - - Conference-Professional - - - - -

Total Travel 8,500 5,555 2,115 25% 1,175 98

Allocation for Budget Adjustment 1,724 - - - -

Total Expense 914,444 393,913 342,464 37% 54,347 36,153






NET INCOME (LOSS) (224,529) (149,058) (65,128) 29% (26,848) (49,127)

7

Texas Student Media

Cactus



REVENUE

Sales 95,000 47,688 50,641 53% 667 6,700


Organization Page Sales - 0 0 0% 0 0

Miscellaneous 250 0 0 0% 0 0

Prior Year Sales 1,500 79 2,582 172% 0 (79)

Freshmen Directory 4,400 0 4,400 100% 0 0

Advertising Income 15,000 0 0 0% 0 0

Total Revenue 123,382 50,369 60,034 49% 1,264 7,225

EXPENSE


Wages 24,975 12,180 11,020 44% 2,872 3,050

Fringe Benefits 5,967 3,188 1,899 32% 783 484

Other Expense

Credit Card Expense 500 370 236 47% (58) 13

Meeting Expense 350 140 97 28% 0 0

Miscellaneous Expense 83 0 13 16% 0 (35)

Minor Equipment - 0 0 0% 0 0

Parking 264 0 0 0% 0 0

Photo 1,000 2 200 20% 0 0

Postage & Express Mail 100 27 36 0% 0 0

Printing Expense 100 0 0 0% 0 0

Promotions 3,000 390 1,213 40% 0 456

Registration, Subsc & Dues 400 288 318 80% 139 0

Stationery, Supplies, Services 250 396 0 0% 241 0

Telephone-Equipment 594 475 475 80% 0 0




Travel - 0 0 0% 0 0

Allocation for Budget Adjustment - 0 0 0% 0 0

Total Expense 62,781 32,131 25,108 40% 6,583 5,470

Operating Income (Loss) 60,601 18,238 34,926 58% (5,319) 1,754




NET INCOME (LOSS) 27,800 1,731 16,314 59% (7,012) (5,373)

8

Texas Student Media

Texas Travesty

Budget Actual YTD Actual YTD % of FY Actual Actual11/12 through Dec 10 through Dec 11 = 33% Dec 10 Dec 11

REVENUEAdvertising 26,367 6,983 8,782 33% 0 0Miscellaneous 500 469 492 98% 132 0


Total Revenue 34,561 10,221 11,839 34% 767 641

EXPENSE

Classified Personnel Salaries - - - 0% 0 0

Wages--Student Employees 6,300 2,820 2,525 40% 720 650

Advertising Commissions 3,750 581 506 14% 0 0

Total Wages 10,050 3,401 3,031 30% 720 650


Other Expense Distribution Expense 1,400 - - 0% 0 0

Parking 33 - - 0% 0 0Printing 4,300 4,525 1,647 38% 0 0Promotion 500 - - 0% 0 0Supplies and Services 250 - - 0% 0 0Telephone Equipment - 234 234 0% 0 0


Student Manager Tuition 1,800 900 900 50% 0 0


Total Expense 18,398 9,079 5,832 32% 725 655

Operating Income (Loss) 16,163 1,142 6,007 37% 42 (14)

UT Administrative Expense (3.25%) 539 76 69 13% 24 21UT Administrative Expense Return 375 76 69 18% 24 21

Advertising Allocation 8,602 1,665 2,024 24% 0 0

General Overhead Allocation 9,231 4,384 3,163 34% 293 760

NET INCOME (LOSS) (1,835) (4,907) 820 -45% (251) (774)

9

Texas Student Media

Supplemental Services



REVENUE

Our Campus 46,285 19,924 16,788 36% 4,725 3,315

Buys of Texas 2,000 1,092 171 9% 0 171

iPhone Advertising 1,450 - - 0% 0 0Miscellaneous - - - 0% 0 0Visitors Guide 10,000 10,000 - 0% 0 0

Phone Directory Advertising 45,000 - - 0% 0 0

Photography Image Sales 1,000 288 100 10% 49 0

Total Revenue 105,735 31,305 17,059 16% 4,773 3,487

EXPENSE

Admin. & Prof. Salaries - 4,242 - 0% 995 0

Classified Personnel Salaries 6,080 16,114 2,027 33% 3,937 507

Special Edition Wages 1,357 - - 0% 0 0Student Web Team Wages 5,000 2,304 403 8% 504 0Advertising Commissions 4,500 1,838 724 16% 424 178

Our Campus Wages 2,475 408 - 0% 148 0

Total Wages 13,332 4,550 1,126 8% 1,076 178

Fringe Benefits 14,872 9,443 5,922 40% 2,336 1,476

Other ExpenseDirectory Expense - - - 0% 0 0Distribution Expense - - - 0% 0 0

Miscellaneous 630 277 - 0% 0 0Supplies and Svcs 500 - - 0% 0 0Photo Expense. - - - 0% 0 0

Postage & Express Mail - - - 0% 0 0Printing Expense 9,279 4,275 - 0% 1,017 0Telephone Equipment 275 - 277 101% 0 0

Total Other Expense 10,684 4,552 277 3% 1,017 0


Total Expense 44,968 38,901 9,352 21% 9,361 2,160

Operating Income (Loss) 60,767 (7,596) 7,707 13% (4,588) 1,326


UT Administrative Expense Return 1,017 803 231 23% 254 71Advertising Allocation 16,226 7,334 5,060 31% 2,393 1,999


NET INCOME (LOSS) 18,575 (35,976) (3,625) -20% (9,892) (3,753)

10

Texas Student MediaKVRX

Budget Actual YTD Actual YTD % of FY Actual Actual11/12 through Dec 10 through Dec 11 = 33% Dec 10 Dec 11

REVENUE

Underwriting 44,200 20,687 16,262 37% 2,617 828

Sponsored Public Service Annou. 12,000 4,080 4,391 37% 904 861Production 0 0 0 0% 0 0Web 0 0 0 0% 0 0Sales & Service 300 31 86 29% 0 7Tower Rental 11,400 4,750 3,800 33% 950 0Student Services Fee 63,622 23,078 21,207 33% 5,292 5,302

Total Revenue 131,522 52,626 45,746 35% 9,763 6,999

EXPENSEAdmin. & Prof. Salaries 9,920 2,064 3,167 32% 483 792


Wages--Student Employees 23,400 6,760 6,035 26% 1,780 1,510Wages--Professional Employees 5,538 657 600 11% 297 150Advertising Commissions 9,500 5,161 3,285 35% 661 185

Total Wages 38,438 12,578 9,920 26% 2,738 1,845


Other Expense Credit Card Expense 0 0 4 0% (1) 0

Equipment Insurance 375 371 0 0% 0 0Meeting Expense 150 0 0 0% 0 0

Minor Equipment 1,000 452 0 0% 0 0

Other Services Expense 65 0 26 40% 0 0

Parking 0 0 0 0% 0 0Printing-Call Letter 0 0 0 0% 0 0Promotion 3,000 1,795 0 0% 0 0Registration, Subsc, & Dues 2,000 843 180 9% 725 0

Supplies and Services 1,300 162 48 4% 3 0Telephone-Equipment 3,000 2,686 2,655 88% 36 33


Utilities 3,500 961 990 28% 0 251Total Other Expense 14,410 7,270 3,902 27% 763 284




Total Expense 89,803 32,164 26,762 30% 5,527 4,465


UT Administrative Expense (3.25%) 2,685 86 97 4% 1 13UT Administrative Expense Return 1,867 86 97 5% 1 13

Advertising Allocation 14,420 6,623 4,032 28% 1,325 475


NET INCOME (LOSS) (13,401) (4,191) (574) 4% 16 (4,219)

11

Texas Student Media

TSTV



REVENUE

Advertising/Underwriting 39,250 15,726 12,264 31% 2,355 1,308

Class Fees 14,000 9,060 7,635 55% 0 0

Production 34,000 7,696 14,134 42% 5 2,209

Web - - - 0% 0 0

Kids Camp 8,000 - (180) -2% 0 0

Sales and Services 3,000 520 1,221 41% 17 98


Total Revenue 174,267 60,609 60,414 35% 8,707 9,951

EXPENSE

Admin. & Prof. Salaries 9,920 2,065 3,167 32% 483 792


Wages--Student Employees 20,700 7,624 7,929 38% 1,566 1,951

Wages--Professional Employees 5,649 585 600 11% 225 150

Advertising Commissions 11,000 3,464 2,260 21% 394 292

Total Wages 37,349 11,673 10,789 29% 2,185 2,393

Fringe Benefits - - - 0% 0 0

Other Expense

Equipment Insurance 550 530 - 0% 0 0

Kids Camp - - - 0% 0 0

Maintenance and Repairs 1,000 1,200 - 0% 300 0

Minor Equipment 1,200 2,297 692 58% 929 83

Miscellaneous 1,000 46 4 0% 23 0

Other Services Expense 565 794 1,938 343% 332 375

Parking 175 - - 0% 0 0

Postage & Express Mail 50 - 15 31% 0 0

Promotion 350 - 115 33% 0 115


Supplies and Services 1,100 672 209 19% 119 192



Video Tapes 700 671 813 116% 229 0

Total Other Expense 11,320 10,154 7,291 64% 2,310 820



Allocation for Budget Adjustment 1,690 - - 0% 0 0

Total Expense 95,301 37,495 34,265 36% 7,292 6,319




Advertising Allocation 12,806 4,962 3,291 26% 1,193 750


NET INCOME (LOSS) 18,137 (1,885) 2,543 14% (2,890) (6,023)

February 2012 Director’s Report

With a third of the fiscal year gone, TSM finished up slightly ahead — 1.94 percent — of its budgeted revenue for the fall semester while expenses are well within budget and running 36 percent less than last year, primarily due to the personnel cuts and reduced printing costs. For the year we have a net loss thus far of $31,198 (excluding depreciation) compared to a loss year-to-date last December of $174,964. So we are tracking slightly better to budget at this point in revenue and expenses, though revenue is down 15 percent compared to the same period last year. At the March board meeting we will present a proposal to purchase the equipment needed for TSTV to both produce and broadcast fully digital, completing a project begun nearly three years ago. Here is a summary of what was approved and spent in the past. The spreadsheet on the next page provides a full detail and analysis: • The TSM board in May 2009 approved transferring $50,000 in reserves toward the digital transmitter project. A one-time allocation of $26,000 from Student Services Budget Committee, $17,412 raised by TSTV staffers, and miscellaneous leftover donation and insurance money brought the total funds to $107,823. • The transmitter and antenna were installed in January 2010. Total cost, as seen on the spreadsheet, was $75,973. • However, TSTV wasn’t able to broadcast at full power until July 2011 because a potential interference issue with KABB had to be resolved with the FCC. Until recently the cost to finish this project by adding a high-definition live production system and an HD server were more than what remained in the account for the project — $31,850. • The cost has dropped, and new equipment has been developed that now make it possible to complete the project with the remaining funds. Further, the donation by Zach Anner of $33,333 through the Oprah Winfrey Network means that TSM reserves will not be reduced by completing the digital project. Dan Knight and Frank Serpas plan to solicit formal proposals and bring a recommendation to the board at the March 23 meeting. The long-awaited market study is indeed underway, with invitations going out Monday, January 30 to nearly 25,000 students, faculty and staff to participate in the online survey consisting of 37 questions. Harvey Research plans to have results and analysis back to us by mid-March, so I hope I will be able to share those with you by the March board meeting. We will begin the budgeting process in earnest this month with a series of meetings with advisers, professional staff and student managers in order to meet the University’s deadline of submitting

budgets by April. Thus, we will submit a proposed 2012-13 budget to the board at the March 23 meeting. In addition, TSM will go before the Student Services Budget Committee on February 24 to make its annual presentation for funding for our five properties. Finally, we have made the decision to reduce Texan printing to once weekly in the summer. Even with a projected revenue loss of $12,000 the net savings for doing so will be $25,000. The Texan will beef up its online presence during that time. This will also make it easier to adjust to working temporarily on the third floor (in the conference room and Cactus) during the second-floor renovations that Frank outlined in this report. Gary B. Borders, Director

30-6267-4693 29-3251-0050 29-3250-0050 30-6267-4751 Total

TSM Reserves 50,000 50,000

SSBC Transfer 26,000 26,000

TSTV Fundraising 17,412 17,412

Fox 3,594 3,594

Insurance - stolen camera 10,817 10816.66

3,594 50,000 26,000 28,229 107,823

Pro Service Inc Digital Transmitter 25,881 25,881

Propagation Sys Antenna 334 8,000 8,334

Pro Service Inc Encoder 1,540 9,000 10,540

Telecast Fiber Rattler Transmitter 1,916 1,916

Fed Ex Shipping charges for transmitter 7 7

UT PMCS Install transmitter/Mount antenna 25,000 25,000

Comm. Technologies FCC Application Process 1,550 1,550

Comm. Technologies Prep of K29H W-D License 438 438

Comm. Technologies FCC App/Research/Coverage maps 825 825

RF Parts Co Adapter w/Hardware Kit 241 241

UT ITS Telecomm Install data cables 442 442

Cohn & Marks K29HW-D applic/construction/conferences 800 800

UT ITS Telecomm Install data cable in WWH 648 -

Comm. Technologies Complete tech portion of application 750

648 33,507 26,215 17,000 75,973

Remaining Balance Server/HD Cameras 2,946.00 16,492.51 (215.39) 11,228.89 31,850.01

Texas Student Media

The University of Texas at Austin

TSTV Digital Transmitter Analysis

Source of Funds

Use of Funds

Assistant Director Notes: Jalah Goette

The fall semester proved to be successful with Advertising revenue booking almost 2 percent over forecasted budget. National advertising continues to hold strong, and we are tracking steady for the spring semester. Besides normal happenings, I am beginning preparations for budget, while also researching new online sales initiatives. Part of my work has been to reach out to other schools and media professionals to benchmark online stats and research various positions within the digital sphere. Carter Goss has been instrumental in heading up all efforts for our upcoming Housing Fair in February. CJ Salgado has exhibited excellent foresight in hiring, training and encouraging the student team. I am pleased to see the continued teamwork with creative, special editions and business departments. Student Advertising Notes: CJ Salgado - Advertising Adviser & Ryan Ford - Student Advertising Manager

The semester has sprung into action with new reps that have been hired and training sessions have been completed. All teams within the advertising department are fully staffed, trained and ready for the new semester: Account Representatives, The Buys of Texas Representatives and Marketing Consultants. The sales staff has been divided into "pods" and assigned to individual entities with focus on specific revenue growth and cross platform communication. The sales pods have been streamlined with the office remodel, which Ryan Ford developed as one of his initiatives as Student Manager. A big thank you goes out to Ryan who led all efforts in the redesign of the advertising office. Quotes to move the modular furniture were upwards of $2,500.00, an expense we opted not to incur, and instead utilized teamwork to get the job done. We were also very excited to announce Morgan Haenchen has received the College Newspaper Business & Advertising Managers scholarship to attend the CNBAM convention in March. There were many candidates from schools across the nation who applied; she was one of five to receive this scholarship. We also have two nominees for CNBAM awards: Ryan Ford for the CNBAM Student Manager of the year and Cameron McClure for the CNBAM Student Salesperson of the year. Ryan was also recently interviewed by Editor & Publisher magazine, his article published in their January 2012 edition. We are very proud of the contributions they have made to Texas Student Media and they deserve to be acknowledged for their achievements. We look forward to a great semester!

Broadcast and Events Notes: Carter Goss - Broadcast & Events Manager

TV: We are looking to gain another VGHL tournament sponsor, which would change our location from Caffe Medici to a more suitable location for gaming. This relationship also has potential for additional revenue by hosting a couple TV and Radio sports shows at the venue. Details to come in the next month.

Radio: Underwriting revenue is strong and looks to continue in the spring. We hope to start the pledge drive on February 6th with at least $1,500 in business level sponsorships.

Events: We ended our Video Game Hour Live tournament on high notes with continued enthusiasm and success. Play N Trade is 90% committed to renewing their sponsorship of both the video game tournament and the VGHL show for all of spring 2012.

2012 KVRX Pledge Drive

We met with the new Pledge Director and have a very detailed plan to achieve our $9,000 plus goal. Olivia, Student Marketing Manager, is heading up efforts to lead the marketing team in collaborating efforts with KVRX.

2012 Housing Fair

We had great success signing up four clients from the Happy Hour we hosted in November. By the winter break, we were 40% sold-out for the event. All of our clients are excited about the Casino theme. Special Editions Notes: Adrienne Lee - Special Editions Adviser

The end of the fall semester went smoothly in special editions and production. And we've started on a great foot for the spring semester. The two new special editions editors/interns, Emily and Christine, are eager and dedicated, filling our office with excitement for upcoming editions.

In terms of both special editions and production, the most significant update (facilitated by Carter Goss and myself) is that we will be producing the official program for the UT Senior Fashion Show this spring. We've always done a complementing special edition (Orange Runway) to the annual textiles and apparel department show, but will now fold that publication into the production of the show's official program.

November 2011 Fiscal Notes

Total revenue was down 6 percent to last year. Advertising revenue exceeded budget projections by $6,073 for the month. We continue to see savings with wages and professional staff payroll expense. Total expense was down by 21 percent from last year, with November tracking a total profit of $19,617.

December 2011 Fiscal Notes

Total revenue was down 8 percent to last year. Advertising revenue fell short of budget projections by $6,627 for the month. Total expense was down by 16 percent from last year, with December tracking a loss of $49,649, mostly due to timing of receiving the ITS charge and slightly decreased revenue.

Fall Semester 2011 Fiscal Notes

Revenue is tracking steady hitting within 2 percent of forecast. Comparatively to last year, revenue is down 15 percent for the semester. Expenses are tracking 16 percent lower than last year, mostly due to savings in salaries and student wages, with a small amount of savings in operational reductions.

TSM Board Report February 2012

Broadcast Adviser, Dan Knight

TSTV

First, we must say, "How great is the gift from Zach Anner!?" The money couldn't have come at a better time. We've been planning for over a year, and waiting for the technology prices to come down in order to finish the studio portion of the digital upgrade project that began with getting the digital transmitter on air January 2010. Just last summer we finally achieved FCC approval for the full power level we planned in the beginning. So now we broadcast enough power to cover just about all Austin. The final pieces of the project are to produce and broadcast in high definition. We inherited some studio cameras, installed over the winter break, that produce very nice pictures in 16 X 9 aspect, which to most people appears HD. We just can't use them in that mode without some control room changes. Most of our field cameras, although aging, will do the same faux HD. Lastly, the server, which plays out to air, needs to be upgraded to handle HD. So we couldn't quite make both ends of the equipment and budget meet. Now, this will make that possible, and will improve the production values and credibility of the content. We've activated the second and third broadcast channels (in standard definition). We had a problem with the receiver for the FUSE music network. We now have FUSE on 29.2 and the Bloomberg News Channel on 29.3. When we can get the tone decoder replaced, we'll be able to insert 2 minutes per hour of local commercials into FUSE. The Zach story is a great story about a great guy. The Texan did a thorough job with this amazing story. We hope the gift generates some additional citywide press that will cause some sampling of channel 29 among our citywide viewers. Last semester, we formalized a system of workshopping each program every other week. Three or four programs meet with the station manager and me. I really enjoy the sessions as we evaluate, discuss, argue, problem solve and create. We're working out a similar system for radio, which has over 80 different shows per week.

KVRX

Both stations are very excited about their schedules now appearing in the rail of the Texan. That's a mighty leap for everyone! The Texan's reach should greatly increase awareness and sampling in the UT community. Now the challenge is to make absolutely sure the intended audiences like what they see and hear! The Spring programming schedule is in operation. Last semester the programming department made some real changes with the listener in mind. This semester that idea was honed and made sharper. As a result, the station should pull the right audience at the right time. And many of the individual shows are becoming sharper in their presentation and shaping the show for its audience. We have been experimenting with putting certain select community programming (talk) shows on TSTV for a while, and have finally discovered and worked out most of the bugs. The plan is to emphasize that strategy more. It's becoming fairly common on many TV and radio channels both locally and on network cable. The added exposure should at least double the audience for the radio show, provide more solid, original programming appropriate for the TV audience, and promote KVRX to new audiences. The station has successfully held its first remote broadcast. This was tougher than we expected, making it work with no money- well, it costs $3 per month for a streaming service without commercials- but a grad student stayed with it. The most difficult piece of the puzzle is getting permissions for remotes on the UT campus. But we proved the concept, it sounds great and is reliable with a decent internet connection. Another tool in the toolbox.

25-Jan-12

The reallocation of space within the HSM Building continued over the break, when

Travesty moved into the area recently vacated by Cactus. For the first time since the

1980’s, all of Texas Student Media is under one roof.

The modular furniture that will augment the existing 2nd

floor furniture has been moved

to storage and will be retrieved during the summer renovation project. The updated

future floor plan for the Texan and Travesty space incorporates a design modeled on the

new layout of the photo/multimedia area.

Changes to TSM’s phones and phone lines were carried out during the break; the cost

savings resulting from eliminated telecom infrastructure and services will appear in next

month’s financial statement.

A trial installation of a new addition to UT’s “Landmarks” public art program took place

in December. It involves projection of images onto the south face of the CMA Building

from HSM. It remains to be seen how the projectors’ power, air conditioning, and spatial

requirements will be accommodated.

The current edition of the UT Directory (phone book) arrived in January; all delivery

requests received to date have been fulfilled.

As part of the Division of Student Affairs’ assessment effort, first-year students

(freshmen, new grad students, transfers) participating in TSM were surveyed in order to

gather information about recruitment and retention. A majority of respondents reported

that their Fall 2011 experience at TSM was positive and that it did not have a negative

impact on their academic performance.

The installation of studio cameras capable of producing widescreen-format video puts

TSTV closer to its goal of broadcasting high-definition programming on channel 29.1.

As part of the effort to specify equipment for the remaining two elements of the HD

workflow (studio switcher and video server), Dan Knight and I traveled up I-35 to Belton

and Flower Mound to get a first-hand look at some of the items under consideration. A

new signal-flow diagram has been created in anticipation of the completion of the TSTV

digital upgrade.

Frank Serpas III

TSM Operations Manager

January 26, 2012

The Daily Texan Editorial Adviser’s Report

It’s still early in the semester, but I am encouraged by initial progress on fronts both big and small.

Managing Editor Audrey White has a strong leadership team in place, which is vital to success. The

tryout process doesn’t wrap up until Feb. 2, but the turnout through the first week has been very strong.

We will be holding our Spring orientation session at 5 p.m. on Feb. 3 in the CMA auditorium. Professor

Robert Jensen will give the libel talk and Jamie Stockwell, managing editor of the San Antonio News-

Express, and a Daily Texan alum, will be giving the keynote speech. You are all most welcome to

attend!

Here are some highlights so far:

* The newsroom has responded well to breaking news so far. Gov. Rick Perry’s withdrawal from the

GOP race for president produced a Page One package – including an Opinion piece from the Texan

Editorial Board -- and the death of former Penn State football coach resulted in a front-page column by

Sports Editor Sameer Bhuchar. Good practice for the next big news event.

* I’ve been very pleased with the imagination on display throughout the paper. Hope you all got to

see Associate Managing Editor Aleks Chan’s clever Life & Arts package comparing the popular show

“Portlandia” with common traits of Austin culture. I think the design staff, under the direction of Design

Editor Chris Benavides, has been doing some very inspired work. We’ve also been getting more

illustration contributions from the Comics staff run by Ao “Mike” Meng.

* The two biggest new initiatives for the semester are still getting off the ground. The Texan

enterprise team, under the direction of editor Matt Stottlemyre, is working up a list of special reports that

will start appearing as the semester continues. The departure of last semester’s Web Editor, Gerald Rich,

for an internship with the Texas Tribune, has slowed plans for our expanded Web team, but new Web

Editor Ryan Sanchez is building a solid staff and we’re expecting big things.

* Website guru Michael Redding has added time and date stamps to stories appearing on the home

page and on topic pages, which is a very helpful development. He will be making additional tweaks to

the website, with a planned overhaul to an updated Drupal platform between the Spring and Summer

semesters.

* The latest example of TSM collaboration can be seen in the “rail” on the front page of The Daily

Texan. We are now running daily programming highlights from TSTV (and probably KVRX) and we

are anticipating TSTV working up advertisements for the Texan to run during their programming

schedule. Plenty more we can do on this front, but it’s great to see it happening.

Doug Warren/Editorial Adviser, The Daily Texan

Jack's Board Report

The Cactus staff has settled into their new home next to the Director's

Office. It is a little smaller than the area downstairs, but they have utilized

the space pretty well, so I think that they are able to do their work without

too many obstacles.

Last year's Cactus yearbook (2011 edition) has been named a Crown Finalist

by the Columbia Scholastic Press Association. It is one of the top national

awards for yearbooks. They create a CD/DVD of examples from each of the

finalists to share with CSPA member schools, and the Cactus has 5 examples

that will be included.

The Cactus has opened up nominations for their Outstanding Student and

Cactus Goodfellow Awards. The Goodfellow Awards have been given out

since 1930, and the Outstanding Students have been honored since 1939.

The Committees will pick the winners at the end of February. The photos of

the winners will be included in the 2012 Cactus.

The Cactus will have its final portrait studio February 13-24. This will be

the last chance for the students to take their class photos, and for graduating

seniors to have their cap and gown photos taken. This studio has become

busier than the fall studio, so we expect a good turnout for photos.

The Cactus Staff worked very hard to meet their first page deadline right

before the holidays. Now they will have to work extra hard to meet the final

3 deadlines that they will have during the spring semester. Their final page

deadline is July 3rd, and if all deadlines are met, books should be mailed out

by mid August.

January 26, 2012

The Daily Texan Editor

February Board Report

The Daily Texan began publication for the spring semester on Jan. 17. We held tryouts

for issue staffers through Feb. 2 and had orientation on Feb. 3. Fortunately, we’ve had

quite a few talented writers and cartoonists express interest in working for the opinion

department.

This semester, we have two new additions to the editorial board: Samantha Katsounas

and Susannah Jacob. Samantha was a columnist last semester, and Susannah previously

worked as a life & arts staffer, columnist and associate editor. The editorial board is

looking forward to covering a number of topics, including the Fisher v. UT case, formula

funding, tuition and University and city elections.

Just to echo what Doug mentioned in his report: We now publish TSTV highlights for the

evening on our front-page rail. (We may do this with KVRX as well.) I hope to further

collaborative efforts this spring.

On the Twitter front, @DTEditorial now has more than 280 followers. If you don’t

already, please follow us!

Viviana Aldous

Daily Texan Editor

Jan. 26, 2012

The Daily Texan Managing Editor’s Report

We’re all still getting used to our new jobs this semester at The Daily Texan.

We’ve had some very late nights and made our share of errors, large and small, so far.

But I have an excellent team of department heads to rely on, and we’re already making

improvements both in quality and pace of production.

- News has produced great stories so far. I’m especially impressed with Jody

Serrano’s series on how immigration law affects students in the UT System.

- The multimedia department is going above and beyond to produce interesting

photos and videos to pair with stories.

- The comics department has been producing great illustrations to go with stories.

They make our pages smarter and give us more flexibility.

- Sports has put out a great mix of features and daily stories. Likewise, life and arts

has kept us all updated on culture with reviews and features. I’m loving the

columns and series.

- On the night side, web, copy and design have been consistent and dependable.

After tryouts end next week and we have a full staff to work with, we’ll be able to do

even more good work. Stay tuned!

Audrey White

Daily Texan Managing Editor Spring 2012

TEXAS TRAVESTY

February Board Report

by David McQuary

The Texas Travesty is excited for its first issue of 2012!

We love our beautiful new office and handsome neighbors. Come by and say hello!

This semester, we are excited that Cameron and Morgan from upstairs have joined

our staff to facilitate advertisement sales and off-campus promotion of the Travesty.

We can already tell that it’s going to be great!

Our big push this semester is to revamp the website and maintain a constant, daily

stream of content, starting next week. Here’s a brief rundown:

Monday News: At least 3 articles a week.

Tuesday Editorials: Characters or ‘Letters from the editors’

Wednesday Art: Showcasing the creative side of our staff

Thursday Sports: ESPN-style coverage of IM sports

Friday Media: Videos and/or Podcasts

Transitioning our upload structure from once-a-month batches to a once-a-day

content stream is the smartest move to ensure constant Texas Travesty buzz.

Furthermore, this will allow our writers to get more leadership experience as they

take charge and get PUMPED about their own section of the website.

The print issues will still feature original content; however, we plan to showcase

standout web content in the magazine.

Also, have you heard about the just-announced Moontower Comedy Festival in

Austin? We are planning on doing as much coverage and promotion as possible to

cement our reputation as the funniest paper in the city/country/planet/bigger

planet.

LETSDOTHIS!!!!

PS: SG elections are coming up...prepare for a rEVOLution #ows #poop

Cactus YearbookTEXAS STUDENT MEDIA2500 WHITIS AVENUEAUSTIN, TEXAS, 78712512.471.5083WWW.CACTUSYEARBOOK.COM

R E L I V E T H E F O R T Y A C R E S

Texas Student Media Operating Board of Trustees,

Since our meeting last year, the staff and I have successfully completed our first deadline of 64 pages and submitted the cover and endsheet designs. this deadline covers our summer and fall events and features. Some of our coverage includes a “sportrait” section of Longhorn Olympic qualifying athletes, Occupy Austin, the Bastrop fire damage, and the final Hex Rally.

I am consistently amazed by the hardworking talent of my staff. Student life editor Bailey Sullivan, for example, designed incredibly impressive spreads for her section for our first deadline. I will definitely be submitting as much of her work as I can for CSPA and I am excited to see her future designs for the book.

We’re currently working on our late fall and winter spreads, which are due in April. Again, I’m confident we’ll complete this deadline. In addition, we are planning to promote the book by handing out posters during the last few home basketball games.

At the Hex Rally in November, we handed out posters commemorating the so-called final rally and received very positive feedback. I printed 1000 posters and we were done handing them out in less than 10 minutes. I’m hoping “freebies” like this will raise awareness of the book and promote sales overall.

Best,Bianca Krause

JANUARY 26, 2012

Texas Student Television 2500 Whitis Avenue

www.TexasStudentTV.com

Steven Zurita

TSTV Station Manager 2011-2012

[email protected]

January Board Report

To the TSM Board, Even though Dan already said it, we're just so excited about Zach Anner's donation of $33,000 to TSTV! It's so cool to see an alum doing so well for himself after graduation, and our volunteers are super pumped for the opportunities the money opens up for us! We loved the story in the Texan about it too! Our productions department is hard at work with KVRX on their tv promo. They're putting together some visuals that will help communicate their motto and idea. Productions has also been trying to work more on volunteering with other shows to keep their skills sharp between jobs. The programming team is doing extremely well, despite having fewer people in it. The team currently is extremely dedicated and on the ball about programming their shifts on time. Without having to worry about dead time on the air, the programming team is able to focus more on compelling interstitial programming and promos to air between show blocks, which boosts our watchability. Our general meeting is later today, the day I'm writing this, so I can give you an update during the meeting. Even though it was earlier then usual this semester, our volunteers have made an effort to go outside their normal RTF and journalism classes to talk to other majors outside the comm school about joining TSTV. Hopefully we offer non comm majors something fun and useful in volunteering here. And finally, we love the tv schedules on the front page of the Texan! We're really excited to be a part of this collaboration between entities and really believe it'll boost viewership some more. Special thanks to Vivianna, Doug, and Audrey for helping make this a reality. Other then that, first VGHL tournament is on February 24th. Everyone's welcome to join in on the fun as always!

January 25, 2012

Texas Student Media Board of Trustees, The spring semester always starts a couple weeks before classes for KVRX, and our staff and volunteers have indeed been hard at work since the turn of the new year. The spring is also always our most important semester, and we’ve got lots of great events and projects coming up. Undoubtedly the most important and exciting event over the horizon is our annual pledge drive, slated for February 6th-20th and bolstered by our Pledge Drive Benefit show happening on the 17th at the 29th St. Ballroom at Spiderhouse. Bands for that event have been confirmed, three locals act and Ringo Deathstarr as a headliner. We’ve got high hopes for the crowd these bands will draw. Ozone Bikes is partnering with us to foot the bill for the latter bands’ travel expenses, and this deal (masterminded by Carter Goss) will hopefully pave the way for local businesses to sponsor future KVRX concerts and events. Our Pledge Drive Director, Katy Aus, has been hard at work coordinating with Carter and the advertising department’s representatives to contact local businesses for premiums and business-level sponsorships, and our music department has secured a handful of LPs, CDs and other music memorabilia to give away to listeners during those two weeks. More excitingly, a certain potential donor (who has asked to remain anonymous) has made us an extremely exciting potential offer: said donor will match donations from KVRX alumni 1-1, up to $5000 worth of the donor’s own money. We’ve yet to finalize the logistics and specifics of this transaction, but the donor has made this offer with the stipulation that KVRX make determined efforts in the future to develop a network of involved alumni. This kind of generosity proves to me that people outside of the HSM building truly do value KVRX as a community resource and want to ensure its continued vitality. Planning for our annual South by Southwest shows are in the works as well. KVRX will be hosting two unofficial showcases at Domy Books and the 29th St. Ballroom, and one official showcase at Trinity Hall Old School BBQ & Grill, located right on the corner of 6th and Trinity, in the thick of the SXSW action. These three shows will be a great opportunity to promote the KVRX brand and for us to continue establishing our cultural validity in the local and national alternative music community. Lastly, as Dan mentioned in his report, KVRX and TSTV have both started highlighting some of our best programming on the Daily Texan’s front page. This kind of promotion compliments the heavy promotional push from our staff and volunteers over the last couple of weeks in preparation for the media market survey set for Monday the 30th. We did a few remote broadcasts from different locations on campus, and though we didn’t get to do those or table as much as we’d like because of Mother Nature, I feel confident that we’ve greatly increased the visibility of KVRX simply through guerilla efforts like passing out flyers, talking in classes and flying that beautiful new KVRX banner. I couldn’t have asked for a better staff this semester, and I’m extremely excited to see the fruits of their labor in securing this stations continued service to the UT campus and the greater Austin community. Travis Bubenik 2011-2012 Station Manager

Documents

TSM Board Meeting Agenda · Guests: Audrey White, Carter Goss, Yajaira Fraga, Tarek Benchovia, Richard Fischer, Gerald Rich, Brittany Reeber, Jennifer Hammat TSM Board President Lindsey