Berkeley – Every January, according to Pacifica’s badly written bylaws, the Pacifica National Board resets itself. This leads to regular chaos and 2018 was no disappointment in that regard. So the business of financial recovery has gone on almost exclusively in closed sessions of the board. We will fill you in on all the craziness below, but in deference to the seriousness of the situation, we are going to cover a few things of more significance first.
Pacifica’s financial audits, the subject of so much suffering for so long, seemed to be within shooting distance of finally getting current in mid-2017, when the FY 2015 audit was completed in August in record time. But 7 months later, the FY 2016 audit, which needed to be done by June 2017 or as soon thereafter as possible, hasn’t gone anywhere. Pacifica in Exile readers will remember that an audit fundraiser was held in March of 2017 to raise funds to pay for the two back audits with great success. Pacifica remains under some pressure to get the FY 2016 audit done with an original deadline from the CA Attorney General of mid-February 2018. Pacifica’s first attempt to get an extension was rejected, and a second attempt is underway. The ability of all the stations to accept charitable donations would be at risk if Pacifica’s tax-exempt status were pulled, a possible consequence of failing to submit timely financial audits. Continue reading The Return of Self-Selected Boards or Control At Any Price
