Friday, January 30, 2015
CFO's Report to the PNB - Jan 29, 2015
I captured last night's open session of the PNB. It was the usual mess and I will put it up later. In the meantime, I extracted the CFO's Report, such as it is. Bear in mind that these figures come from people like Berthold Reimers, so they should be taken with a huge grain of salt.
This came in from Tracy Rosenberg shortly after I posted the above CFO Report:
While the other stations seemed to stay reasonably within screaming distance over the past two days, I am sad to report that my station KPFA is reported to have lost another $215,379 dollars in the last 36 hours, as the draft 2014 income statement provided to the national finance committee showed a loss for KPFA of ($276,000) and this one now shows a loss of ($491,000) rivaling the good old days of 2010 for KPFA.
What happened since Tuesday to double KPFA's 2014 loss? Is it the usual policy to give one set of numbers to the national finance committee and a completely different set of numbers to the board?
KPFA had $215,000 more in expenses in the year that ended 4 months ago that just came to light today?
What a mighty strange scenario.
Attached are the Tuesday version and and Thursday version.
Closing in on a half a million dollar deficit for KPFA, all without missing a single fund drive goal.
I guess that "subsidizing the network" stuff may have to transition into "drowning the network" if this is true.