Pacifica Foundation CFO Report July-August Fiscal Reports Fiscal Year 2008 Consolidated Budgets
Pacifica Foundation CFO Report July-August Fiscal Reports Fiscal Year 2008 Consolidated Budgets JUNE 2007 FORECAST SUMMARY BUDGET 07 ACTUAL VARIANCE PRA 60,971 64,200 3,229 NO 232,868 137,728 (95,141) KPFA 205,655 19,254 (186,401) KPFK 120,875 (13,656) (134,530) KPFT 107,216 35,061 (72,155) WBAI 269,347 75,902 (193,445) WPFW 132,221 135,879 3,658 TOTAL 1,129,153 454,367 (674,786) JULY 2007 FORECAST SUMMARY BUDGET 07 ACTUAL VARIANCE PRA 60,971 56,126 (4,845) NO 232,868 178,259 (54,609) KPFA 205,655 (67,932) (273,588) KPFK 120,875 (44,711) (165,586) KPFT 107,216 99,737 (7,479) WBAI 269,347 110,528 (158,819) WPFW 132,221 97,864 (34,357) TOTAL 1,129,153 429,870 (699,283) By Lonnie Hicks Chief Financial Officer Pacifica Foundation Prepared for the Pacifica National Board of Directors Please see the above comparison between the forecasts for June 2007 and July 2007 and the trend is clearly downward. I have included a preliminary August Forecast below and it shows that, we as a Network, will finish the poorest year financially since 2004. (See August Forecast below) AUGUST 2007 FORECAST SUMMARY BUDGET 07 ACTUAL VARIANCE PRA 60,971 60,971 (0) NO 232,868 195,843 (37,025) KPFA 205,655 (30,393) (236,049) KPFK 120,875 (91,874) (212,749) KPFT 107,216 91,557 (15,659) WBAI 269,347 13,769 (255,578) WPFW 132,221 72,918 (59,303) TOTAL 1,129,153 312,791 (816,362) The major point is that revenues and reduced listener ship and have impacted the network and the results are clear.
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