Pacifica released a preliminary income statement for the 10 month period from October 1, 2014 to July 31, 2015.

The income statement, presuming the network’s famously bad accounting records can be relied on, shows the station’s Los Angeles unit KPFK-FM, which just placed every employee on half-time and laid off three due to a “dire financial crisis,” with an operating surplus of $182,000 for the year and the largest amount of listener support in the network, over $800,000 more than the nearest competing division, Berkeley’s KPFA.

The statement showed an overall operating surplus of $959,000 casting doubt upon the network’s claims that it delayed board election because of the inability to make a $25,000 postage deposit in early August.

July 31 2015 Income Statement Prep Aug.19.2015 1

(Total Statement)

Income Statement Prep Aug.19.2015 p.3

(KPFK Only)