SCHOOLS: On district monetary shortages
On Sept. 17, I read where the Coeur d’Alene, Post Falls and Lakeland schools districts have a shortage of $13 million because the trust who handles the accounts never notified the school districts of the pending shortfalls. At this point I would wonder what “The Trust” was waiting for or hoping to hide? First off, the shortage should never have gotten that bad, and secondly, why the delay in notification? The sentence that really stands out is where they say there was no clear accounting over the past years and no indication the Trust was in trouble.
Now the school districts are having to go into their reserve funds and who knows what is going to happen next year.
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