Monday, May 18, 2015
Show you the money?
An interesting moment from the May 26, 2015 PNB Finance Committee meeting. KPFT's Bill Crosier asks Pacifica CFO Raul Salvador important questions. The answers, if you can understand them, may offer a clue as to why Mr. Salvador abruptly reigned May 6. You may recall that he was dismissed by the PNB last year, when his interim status was about to run out, but rehired covertly when the Wilkinson regime crawled in. This exchange was extracted by Tracy Rosenberg, who wrote the following lead-in:
"As usual former PNB vice-chair Bill Crosier asks the right questions. The answers are baffling. The three primary areas: 1) Will restricted funds used to pay operating expenses be repaid? 2) Why did Pacifica take out a loan for $156K to pay back employment taxes 6 weeks after getting an unsolicited $150,000 donation? 3) Why does an accounts payable list only itemize 20% of the amount Pacifica owes?"