Jan 31, 2011

Guam PBS audit by government agency sets goal of transferring to community licensee

Guam's Office of Public Accountabilty has released an audit of PBS Guam (PDF) that sets a longterm goal of converting it to a community licensee "to alleviate dependency on the government of Guam." Government of Guam appropriations, 38 percent of station revenues, increased from $596,000 in fiscal 2009 to $610,000 in FY10.

The audit shows a revenue decline of $2.6 million due primarily to a one-time $2.5 million grant to purchase and install a digital tower in 2009. The station also ended FY10 with a decrease in net assets of $204,000.

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