Kamloops school district looks to sell property in wake of $2M budget mistake
The Kamloops-Thompson school board decided to put three properties up for sale just days after a $2 million budget mistake was revealed, but its top administrator said the two are not linked.Asked this week about the timing, School District 73 superintendent Rhonda Nixon said it's merely a coincidence and the real estate simply wasn't needed."When you sell property it's a capital asset, so what we're gaining is the ability to put more money in the funding of capital. Where we had the shortfall was in operating," she said.READ MORE: Three killer Kamloops pit bulls expected to be put downBut the audit released in late September tells a different story, pointing to capital funding as the area with the largest shortfall of nearly $1.3 million. The operating budget, meanwhile, had a shortfall of around $784,000. "There is a relationship, but it's not causal," she said.Nixon didn't directly address the discrepancy when iNFOnews.ca followed up."My comment is that the board makes decisions about disposition of land based…
5 Oct 13:00 · iNFOnews.ca