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County official says District 95 shortfall was a calculation error, not missing funds
Summary
County staff told the Edgar County Board that a discrepancy in District 95 collections stemmed from use of the wrong historical numbers by the district's bond counsel; county staff said there is no missing $750,000 and that corrected figures will be presented to District 95's board.
Philip (staff member) told the Edgar County Board on July meeting that an apparent multi-year shortfall reported by District 95 resulted from incorrect historical numbers used by the district's bond counsel, not from missing county funds. "There is no 3 quarter of a million dollars that's missing," Philip said, adding that corrected numbers reduce the size of the discrepancy and that two of the years actually show a…
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