After two wildly differing financial statements were issued by Pacifica in less than a week, a third version has now come out disappearing last week’s inconvenient surplus.
For good measure, the new statement changes the listener support numbers issued on August 17th for every single month from October 2014 to July 2015, sans one, and claims “double-bookings” in 9 of the last 10 months.
Additionally the statement grows $57,000 in additional expenses from the August 17th product, of which $18,000 are described as unbooked credit card fees from April to July and the remaining $39,000 have no specific explanation.
Pacifica in Exile’s line by line analysis will be inserted here when time permits.
Here are the three versions of KPFK’s income statement presented in the last 14 days.
August 17 version: KPFK Income Statement as of July 31 2015 Vers 07 31.xls-3
August 25 version (dated August 19 in file name): July 31 2015 Income Statement Prep Aug.19.2015 1
August 30 version: 07 31 2015 KPFK Income Statements Corrected v08302015
Take that $20,000 and use it to get a professional, independent accounting firm in there and a bank reconciliation done. How the hell can we make decisions until we know how much money we have?