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Glacier County approves $312,562.52 interfund loan to cover high-school retirement distribution error
Summary
Commissioners unanimously approved a $312,562.52 interfund loan to cover a clerical underpayment to the high-school retirement fund caused by a reporting error; staff said the Office of Public Instruction will assist in recouping the amount when mills are set.
Glacier County commissioners on July 17 voted to approve an interfund loan of $312,562.52 to cover a high-school retirement distribution after staff discovered a clerical error in last year’s reporting.
County staff (Unidentified Speaker S5) said a December 2023 entry inadvertently omitted a digit, which made a reserve line read about $320,000 when the funds had been distributed. ‘‘It was a clerical error relating back to December 2023 where there was a big payment that came in...and then when it was distributed, there was a digit left off that…
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