Eye On Boise

Nampa schools take another financial hit

Here's a news item from the Associated Press: NAMPA, Idaho (AP) — The Nampa School District is facing a $1.2 million hit after a financial analyst discovered the money went to general operations rather than repayment of bonds. District Finance Officer Michelle Yankovich told the Nampa school board Tuesday that the money is a "cash flow" problem and does not add to the district's $5.1 million budget deficit. The district has been beset with money problems after budgeting errors that included counting almost $3 million in one-time money twice and over-expenditure of about $1 million. Board members at the meeting voted to borrow as much as $6.3 million from D.L. Evans Bank to meet daily expenses. Interim Superintendent Tom Michaelson says he hopes the bond debt is the last of the financial problems to be uncovered.

Kevin Richert of Idaho Education News has a full report here.

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Betsy Z. Russell
Betsy Russell covers Idaho news from the state capitol in Boise and writes the Eye on Boise blog.

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