This clip from Pacifica’s finance committee has CFO Sam Agarwal explaining the delayed payroll on May 15th. The snip also includes some general discussion from the meeting including:

— Payroll update

—  WPFW restricted funds

—  Proposal regarding programming issues at stations with financial shortfalls

—  Major deficiencies in 2015 accounting records. “For the past two years, we don’t know what the balances are that the stations owe to the national offices or what in turn  we owe to other entities”

— Whether it is alarmist to invoke the threat of bankruptcy

—  Steep drop in WPFW income in 2016