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CapRadio: Multiple board members resign after audit finds financial mismanagement

CapRadio says it obtained a document confirming 13 members sent in their immediate resignation Wednesday night which were accepted by Wood.

SACRAMENTO, Calif. — Over a dozen members of Capitol Public Radio's board members resigned Wednesday after an audit found operational and financial mismanagement, according to CapRadio

The audit, requested by former Sacramento State President Robert S. Nelsen in 2022, found "poor recordkeeping in several areas, a lack of management oversight, a lack of accounting and financial knowledge during the audit period, and a need to enhance several processes."

Sacramento State has held the broadcast license since it began as a student-operated radio station in 1965. Over the years CapRadio expanded to serve Sacramento and Northern California. The audit said this expansion was coupled with the station limiting student involvement. Sacramento State President Luke Wood said the independence of CapRadio has evolved into an "organizational divide."

CapRadio says it obtained a document confirming 13 members sent in their immediate resignation Wednesday night which were accepted by Wood.

The resignations come a day after Sacramento State opposed the board's vote to hire a new general manager with a salary of nearly half a million dollars a year. 

WATCH MORE: Sacramento State takes over Capitol Public Radio after audit finds financial mismanagement

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