Independent forensic examination report released

In fall 2023, Sacramento State contracted with CliftonLarsonAllen LLP (CLA) to conduct an independent forensic examination of Capital Public Radio (CapRadio) following a CSU audit in September 2023 that revealed significant financial discrepancies and organizational deficiencies.

Initial scope of review of the forensic examination was from July 1, 2020, to June 30, 2023, which coincides with the timeline of the CSU audit. Additional information provided by Sacramento State led CLA to extend some of its review to a period beginning in April 2017.

Moving Forward

Since fall 2023, Sac State has pursued a comprehensive five-point plan to restore stability to CapRadio’s management, finances, and operations. During this time, CapRadio stabilized and strengthened its operations and financial footing. Listenership, donations and public support increased, and new financial protocols and controls were put into place.

CapRadio is under new board leadership and management, with 17 new board members and a new interim general manager. Additionally, responses to all 17 of the CSU audit observations are complete or on track to be completed by agreed-upon deadlines. CapRadio is on solid financial footing and poised for a long and healthy future, as shown by this CapRadio graphic.

Sacramento State President Luke Wood remains committed to the future of CapRadio, which plays a critical role in informing, educating, and engaging our diverse region. CapRadio’s presence enriches our community, supports educational enrichment of our students, and strengthens the bond between the University and the communities we serve. CapRadio’s importance as an essential pillar of our mission to serve and uplift our community cannot be overstated.

Sac State and CapRadio are dedicated to sound fiscal stewardship of public and donor funds. We are committed to transparency, ensuring that our stakeholders are duly informed every step of the way.

Both entities are cooperating with law enforcement related to an ongoing investigation.