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

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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.