Trent Radio BoD Meeting                               24 November 2002



      MINUTES OF THE BOARD OF DIRECTORS MEETING held at Trent Radio 

      House, 715 George St. N., Peterborough, Ontario on 

      24 November 2002 at 12:00pm 



P R E S E N T: Emily Addison, Joel Buxton, Laura Farina, Al Kirkcaldy 

               Anne Stevenson, and Ryder Ziola. 



R E G R E T S: Kim Fielding



Also Present: John K. Muir, General Manager



Notice of this meeting having been made to all the Directors, the 

meeting was declared duly constituted and called to order at 12:05 

p.m., with Emily Addison acting as Chair and Anne Stevenson acting as 

Secretary. 



The minutes of the previous board meeting were presented.



UPON A MOTION duly made, seconded and carried unanimously, the minutes 

of the previous Board of Directors' meeting, held on 7 Nov 2002, were 

approved unanimously. 



Presentation and review of the Annual Report for one year ended 31 

August 2002. 



The financial review prepared by McColl Turner Chartered Accountants 

was presented. It was noted that the firm strongly recommends creating 

inroads to repaying deferred employee wages. Variances between this 

year and last year's financial statements were highlighted and 

explained as resulting from receiving a smaller advance from Trent 

University on student memberships this year. Newly discovered Trent 

University errors were noted as well as increased insurance rates. An 

explanation regarding asset depreciation was provided. 



The Nominating Committee noted that due process regarding nomination 

procedure had taken occurred and that no additional nominations were 

received. 



The next Board meeting was set to follow the AGM.



There being no other business, the meeting was adjourned at 1:15.





  ___________________________    ___________________________

   Emily Addison President        Anne Stephenson, Secretary