Pacifica 2015 Audit Completed

Berkeley – The Pacifica Foundation, which got into serious trouble with the State of California’s Registry of Charitable Trusts for delinquent audits and forfeited millions of dollars in Corporation for Public Broadcasting funding, has completed their 2015 audit in record time and before a deadline set by the state’s Attorney General. 

After a national board overhaul and changes in the executive director and chief financial officer positions in February, Pacifica held a national one-day fundraiser in March and raised about a quarter million dollars to address the deficient financial reporting in the 2014-2016 period. A new audit firm was retained in May and completed the nationwide audit in three months. The two previous audit processes, for the fiscal years 2013 and 2014, each dragged out for longer than a year and were the two most expensive audits in the network’s history. The new audit firm, who worked quickly and efficiently, have been retained for the fiscal 2016 audit, the last of the overdue financial reports from the Siegel/Brazon coup period.

The rapid audit completion, less than six months after the personnel changes, fulfills a promise by the independent candidates nationwide who were elected to the board last fall to get the delinquent audits addressed promptly.

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Divided We Fall: A Visionary Response to Hate, the Alt Right and White Nationalism– August 21 on KPFK 90.7 FM Los Angeles, WBAI 99.5 FM New York, WPFW 89.3 FM Washington DC, and KPFT 90.1 FM Houston from 3-5PM, EDT and online at pacifica.org and pacificaanetwork.org. Tune in!

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Started in 1946 by conscientious objector Lew Hill, Pacifica’s storied history includes impounded program tapes for a 1954 on-air discussion of marijuana, broadcasting the Seymour Hersh revelations of the My Lai massacre, bombings by the Ku Klux Klan, going to jail rather than turning over the Patty Hearst tapes to the FBI, and Supreme Court cases including the 1984 decision that noncommercial broadcasters have the constitutional right to editorialize, and the Seven Dirty Words ruling following George Carlin’s incendiary performances on WBAI. Pacifica Foundation Radio operates noncommercial radio stations in New York, Washington, Houston, Los Angeles, and the San Francisco Bay Area, and syndicates content to over 180 affiliates. It invented listener-sponsored radio.

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August 19, 2017

Pacifica National Board- Closed Session, August 17, 2017

The minutes for the August 3, 2017 Executive Session were approved.

Also, three resolutions related to the Audit Committee Report were approved as follows:

The PNB accepts and approves the Audit Report, Management Letter, and Amended Tax Return prepared by Regalia & Associates for FY2015.

The PNB resolves to engage Regalia & Associates to perform FY2016 audit services pursuant to the terms of the proposed Audit Engagement Agreement approved by the Audit Committee.

The PNB authorizes and designates PNB Secretary and Audit Committee Secretary, Aki Tanaka, to have the authority to sign the Engagement Agreement with Regalia and Associates for the FY
2016 Audit on behalf of the Pacifica Foundation.

Further, as the completion of the 2015 Audit is crucial to retaining our nonprofit status and for receiving CPB funding and other grants and donations and as Pacifica members have the right to know how their Directors voted on the first motion above, the report out shall include how each Director voted on that particular motion.

Motion: Accept and approve the Audit Report, Management Letter, and Amended Tax Return prepared by Regalia & Associates for FY2015
Yes: Grace Aaron, Jonathan Alexander, Bill Crosier, Kathryn Davis, Rhonda Garner, Sabrina
Jacobs, Ken Laufer, Robert Mark, Mansoor Sabbagh, TM Scruggs, Akio Tanaka
No: Jim Brown, Adriana Casenave, Benito Diaz, Cerene Roberts, Themba Tshibanda,
[11Y – 5N: Motion passes]

Respectfully submitted, Akio Tanaka
PNB Secretary

Article Six, Meetings of the Board of Directors, Section 7: Open Meetings
“In addition, within a reasonable period after the closed meeting, the Foundation’s Secretary shall post on the
Foundation’s website a general statement of the basis on which all or part of said meeting was closed.”

pnb_exec_170817

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