. . . Dan McCrory is also Chair of the KPFK Community Advisory Board . . . things are really looking up . . .
Audio (first few secs missing; some dead air right at the end; but it should be at https://kpftx.org/archive.php within the next 24hrs): https://mega.nz/file/MRlyETBY#fGIz1gsAhAPow8hj3f4zjZ14zEgBgYAgnlshwtYDHno (2h09; 180MB)
[UPDATE: sure enough, there within 2hrs (add 49secs to the times below).]
GM Novick said (a) he received today the Sep monthlies (1:23:22), so not reviewed by the PNB Finance Cttee (irrelevant, given the glaring errors missed in the Aug ones); & (b) “the station needs [revenue] in the vicinity of $20 000 a week, at a bare bones budget” (1:30:40).
The Aug monthlies are a complete mess – such as ~$140k of WBAI’s Aug revenue not appearing in the totals column! See updated post on the 30Nov WBAI Finance Cttee: https://pacificaradiowatch.home.blog/2022/12/01/not-giving-tuesday-but-taking-wednesday-taking-one-s-sanity-audios-of-three-pacifica-meetings-two-not-yet-in-the-meetings-archive-w30nov2022/. Once corrected, one will be surprised to learn that for the fiscal year thru Aug2022, 11mths, KPFA made a bigger loss than WBAI, not only that but a bigger loss by a whopping 61%: $282 634 compared with $175 721. They don’t tell you that at the KPFA LSB – https://pacificaradiowatch.home.blog/2022/12/08/feds-seize-dollar-305k-kpfa-bank-account-court-ensures-vernile-gets-his-money-also-10-positions-layoff/.
But KPFK needing only $20k revenue a week? That’s a material contradiction with the latest relevant public doc: $43k. Enter stage left, the draft FY2023 station budget, presented by then Treasurer Kim ‘(sigh) yes, Bella (sigh)’ Kaufman to the Su28Aug KPFK LSB. Drawn up by Kim & then CFO Julia Kennard (remember her?), of NETA (remember them?). Had FY2023 total expenses as $2 219 403 (operating, $1 718 535 + Central Services, $500 868). Per week, that’s $42 681 (operating, 33049 + CS, 9632). Nowhere near $20k, people.
Of course, no-one on the KPFK Finance Cttee pointed out the discrepancy.
And how can needing $20k a week even be plausible? According to the draft budget, weekly personnel costs alone are $21 154 ($1.1m ÷ 52), & then there’s Central Services, a weekly $9 632 (not that they’re being paid). Additionally, other costs keep coming in at ~$12k each & every week.
Two months ago, KPFK’s financial crisis was fully discussed, in the light of the drive then underway, in a 25Oct post (with a final update 9Nov): https://pacificaradiowatch.home.blog/2022/10/25/kpfk-shooting-into-repeater-station-orbit-current-annualised-loss-making-rate-1-3m-up-219k-on-aug-fy23-budget-revenue-down-20pc-covering-80pc-personnel-costs-51pc-operating-costs-40pc-total-costs/.