Valley County has decided to borrow its way out of a half-million-dollar accounting error.
Earlier this month, it was learned that Valley County property tax receipts were suppposed to total $775,000, but the Valley County Clerk's Office instead wrote down $275,000 on billings sent out by the Valley County Treasurer's Office. As a result, Valley County taxpayers learned that there has been a big error and much more money is due.
The county's ambulance district has been left in the lurch. The county can't transfer money from its operating budget to cover the funding foul-up because the ambulance district is a separate entity.
This morning's McCall Star-News reports that Valley County commissioners voted on Jan. 22 to borrow $200,000 from the county's court facilities fund to cover the shortfall. Commissioners theorized that by July, property taxes will help pay the fund back and pay for the ambulance services for the rest of the year.
Meanwhile, the Idaho State Tax Commission suggested that Valley County administrators double- and triple-check their math next year.