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Council approves monthly cash report after questions on Ford Idaho Center accounts
Summary
Council approved the monthly cash report after extended questions about money shown for the Ford Idaho Center. Finance staff said the center maintains separate ticketing (unearned) and operations accounts and cautioned that year‑end reconciliation is required before an exact fund‑balance figure is final.
The Nampa City Council voted to approve the monthly cash report after finance staff explained large balances related to the Ford Idaho Center and said a final reconciliation would be required to state an exact fund balance.
Finance staff member Doug Racine told council that the Idaho Center keeps two main accounts: a ticketing account that holds unearned revenue for future events and an operations account used to support daily activities. "The ticketing account has nothing to do with the fund balance because it is unearned revenue," Racine said during the discussion. He added that reconciling the ticketing and operations accounts at year end will produce a final fund‑balance number.
Why this matters: Council members raised whether the roughly $4–7 million cited in monthly reports represented the center’s fund balance. Racine said the $5,000,000 figure cited earlier reflected the balance at fiscal year end a year earlier (9/30) and that operations since then could have reduced that amount. He estimated a clearer number would be available within about two weeks for staff review and then a subsequent council briefing.
Council action: A motion to approve the monthly cash report passed after brief discussion. There was no separate policy action tied to the Ford Idaho Center discussion; staff promised to return with reconciled figures when they are available.
What to watch: Staff said they will bring reconciled year‑end numbers back to council once internal and vendor reconciliations are complete and recommended accounting steps are carried out.
