Saturday, February 11, 2017
PNB meeting re audit delinquencies.
Here, from last night's (Feb. 10, 2017) open PNB telephonic meeting is a reaction to two letters that threaten Pacifica's tax exempt status. A self-inflicted, negligence-based situation brought on by the Foundation's failure to submit audits for 2015 and 2016.
Typically, the delinquency has been known to the PNB since the deadline passed, but the warning letters had been swept under the rug until discovered and made public by an unnamed person. Here is an audio of the discussion that took place prior to the PNB moving into an "executive session" and slamming the door.
This is not exciting stuff, but the gravity of the subject warrants your time—I have edited out the roll calls, etc. that took up the first half hour of the meeting. If nothing else, you might find it interesting that the auditor have yet to be paid for their work on 2014, and refuse to continue unless that bill is taken care of. It's about $32,000 and Bill Crosier (the sanest member) who brought this important matter up, mentions that the auditing could cost as much as $200,000.
One wonderful idea is to have the five stations raise the money next month... bear in mind that WBAI is currently in the first week of another four-week fund drive. I can hear it now: "The current fund drive has been pre-empted so that we can bring you another fund drive" For comic relief, I bring to your attention the time-keeper who can't keep time!