PEORIA, Ill. – We’re learning more about financial trouble at Peoria Public Television station WTVP that is coming to light after the sudden death of the former CEO.
25 News reports the board of directors for the station has okayed cutting $1.5 million from its budget, and that will put it at break-even for the current fiscal year.
Board chairman Andrew Rand says paperwork received over the last two months has shown “insight into expenditures and uses of funds at WTVP that were questionable, unauthorized or improper.”
The station claims a loss of more than $560,000 in each of the last two years, and a reduction in cash of almost $750,000.
It’s not clear what improper spending there was.
CEO Lesley Matuszak died September 28th, one day after she reportedly resigned. Julie Sanders has been appointed station manager since then on an interim basis.
WTVP is governed by the Illinois Valley Public Telecommunications Corporation.
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