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Another type of warning for NIC

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Another type of warning for NIC



COEUR d’ALENE — North Idaho School’s bond rankings are underneath assessment for downgrade, following latest actions by the board of trustees.

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Moody’s Investor Companies, a bond credit standing firm, mentioned in a Dec. 21 information launch that “governance concerns, together with board construction dangers are a key consideration on this motion,” which impacts $7.9 million in rated debt.

“The board members’ very public disputes with each other, faculty management and exterior events are negatively impacting NIC’s model, which in flip may negatively affect pupil demand and operations,” Moody’s mentioned.

Neither Sarah Garcia, the faculty’s vice chairman for enterprise and finance, nor Greg McKenzie, the NIC board chair, responded Tuesday to requests for remark.

A bond score is a grade given to bonds that point out their credit score high quality. Unbiased score companies like Moody’s present evaluations of a bond issuer’s monetary energy, or its potential to pay a bond’s principal and curiosity in a well timed vogue.

In December 2021, Moody’s revised the faculty’s score outlook to unfavorable whereas affirming its A1 issuer and A1 income bond rankings.

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Since then, Moody’s mentioned, the board has skilled “notable turnover,” with three trustees resigning within the house of some months.

Moody’s famous, the faculty “benefited from a interval of administration stability” in mid-2022 when the Idaho State Board of Training appointed three short-term trustees, who in flip employed Nick Swayne as NIC’s everlasting president.

However wholesome monetary efficiency is much less sure for the approaching 12 months, Moody’s mentioned, regardless of will increase in state assist and property taxes.

“Ongoing board dysfunction, together with the position of the president on administrative go away, and the upcoming go to from NIC’s accrediting physique, has reportedly negatively impacted pupil curiosity, enrollment and retention,” Moody’s mentioned.

That dysfunction value NIC its insurer final 12 months, in line with Moody’s, and resulted in two warning letters from the Northwest Fee on Faculties and Universities, its accreditation group.

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The faculty additionally faces litigation on a number of fronts after putting Swayne on administrative go away for unclear causes in early December. Swayne filed a lawsuit final month, asking the court docket to revive him to his place.

Trustees voted 3-2 final month to rent Greg South to function the faculty’s appearing’s president whereas Swayne stays on administrative go away.

A priority of the monetary threat evaluation agency was that the NIC board had not authorised the faculty’s fiscal 2022 audit, which was introduced to the trustees Dec. 5, however it was not accepted as authorised at the moment. The monetary audit was authorised by the NIC board Dec. 21.

“Future critiques and determination of the RUR (rankings underneath assessment) will give attention to receipt of well timed monetary data, together with the fiscal 2022 audit, in addition to a transparent remediation plan as to how the faculty plans to stabilize its management vacuum, significantly within the workplace of the president, and handle the issues outlined by NIC’s accrediting physique, which is because of go to the faculty in April 2023,” mentioned the Moody’s launch.

Moody’s additionally famous the NWCCU had issued a letter Dec. 17 to NIC, cautioning the faculty is prone to being out of compliance with accreditation eligibility necessities and requirements. The faculty has till at present to reply and clarify how it isn’t out of compliance.

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“Absent present monetary data and significant steps taken to stabilize management and handle accreditor’s issues, multi-notch score motion could possibly be warranted,” Moody’s mentioned.

NIC has traditionally reported good working efficiency, with rising money reserves and low debt, in line with Moody’s. The faculty additionally advantages from various income streams, together with property taxes, state assist and tuition and charges.

Issued by the North Idaho School Dormitory Housing Fee, the bonds are payable from a compulsory pupil union payment and internet revenues of the dormitory system and Scholar Union Constructing, in addition to fund balances from these revenues and charges. The bonds have a ultimate anticipated maturity in 2045.

Learn the total replace from Moody’s at cdapress.com.



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Idaho

Idaho certifies 2024 general election results, setting up Electoral College process

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Idaho certifies 2024 general election results, setting up Electoral College process


The Idaho State Board of Canvassers voted unanimously Tuesday at the Idaho State Capitol in Boise to certify Idaho’s 2024 general election results.

The Idaho State Board of Canvassers officially signed off on results of the Nov. 5, 2024, election after noting that none of the election outcomes changed following the county certifications and a random audit of ballots in eight Idaho counties.

In addition to none of the outcomes changing, none of the races in Idaho were within the 0.5% margin that qualifies for a free recount, Idaho Secretary of State Phil McGrane said.

“I’ve been involved in elections for a very long time,” McGrane said during Tuesday’s meeting of the Idaho State Board of Canvassers. “This was truly one of the smoothest elections that I’ve ever been part of – from leading into the election to going through it – and I think it’s really a credit to so many different people for us to be able to hold an election like this. I think the preparation and the very, very cooperative relationship that we have with the counties and the county clerks offices has just been huge.”

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The Idaho State Board of Canvassers consists of McGrane, Idaho State Treasurer Julie Ellsworth and Idaho State Controller Brandon Woolf.

Record number of Idaho voters participated in 2024 general election

Tuesday’s vote to certify Idaho’s election results also makes the 2024 general election the largest election in state history in terms of the number of voters who participated. Official numbers released following the canvass show that 917,469 voters cast ballots, beating the previous record of 878,527 from the 2020 general election.

Idaho law allows voters to register to vote and vote on Election Day. Final, official 2024 general election results showed there were 121,015 same-day registrations on Election Day.

The number of same-day voter registrations this year was so large that if all 121,015 voters who participated in same-day voter registration created a new city, it would have been the third-largest city in Idaho, just between Meridian and Nampa.

Turnout for the 2024 general election came to 77.8%, trailing the 2020 general election record turnout of 81.2%.

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Certifying Idaho election results sets stage for Electoral College to meet

The vote to certify Idaho’s election results Tuesday helps set the stage for the Electoral College process used to officially vote for the president and vice president of the United States.

“The purpose of today’s meeting, really, is to certify the results as official,” McGrane said. “So up until this point, all of the results have been unofficial for the state of Idaho. That includes everything from the presidential race, federal races and state races.”

Now that Idaho’s election results are official, state officials will send the results to Washington, D.C., McGrane said.

Then, on Dec. 17, Idaho’s electors will officially cast their votes for President-elect Donald Trump in the electoral college.

Idaho has four electoral college votes – one for each of its members of the U.S. House of Representatives and the U.S. Senate – and all four of Idaho’s electoral votes will go for Trump.

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Election audit uncovers poll worker errors, disorganized records

On Nov. 15, the Idaho State Board of Canvassers selected eight random Idaho counties for the audit, the Sun previously reported. The counties selected were Latah, Bingham, Elmore, Bear Lake, Custer, Minidoka, Clearwater and Jerome counties.

On Tuesday, Chief Deputy Secretary of State Nicole Fitzgerald said the audit results matched the unofficial election results completely in Bingham and Minidoka counties. But there were small discrepancies, poll worker errors, hand counting errors, labeling or organizational errors that the audit uncovered in six of the counties audited. None of the discrepancies – the largest of which involved 12 ballots in Elmore County – was large enough to change the outcome of any of the elections, McGrane said during the Idaho State Board of Canvassers meeting and again during a follow up interview with the Sun.

For example, in Bear Lake County, Sen. Mark Harris, R-Soda Springs, lost one vote as a result of the audit, while his Democratic challenger Chris Riley gained one vote in the audit. Election officials on Tuesday attributed the difference to a hand counting error on election night in Bear Lake County. The error did not change the outcome. Final election results show that Harris defeated Riley by a margin of 20,907 votes to 6,062.

In Custer County, Republican Sen.-elect Christy Zito, lost one vote in the audit and her Democratic challenger David Hoag gained one vote due to what Fitzgerald described as an error in the hand-counting process on election night. That difference did not change the outcome either. Final election results show Zito won 17,750 votes to 6,859 votes.

In Elmore County, the audit was off by 12 ballots. Fitzgerald said there were 2,183 ballots reported in the five Elmore County precincts selected for the audit. But auditors only counted 2,171 ballots in the audit, Fitzgerald said.

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The 12-vote discrepancy was likely due to issues and inconsistencies with the resolution board process on election night, Fitzgerald said. The resolution board comes in when a ballot is rejected as unreadable by voting machines due to an issue such as damage, stains, tears or some other issue where the resolution board is called in to take a look at the ballot to determine voter intent.

“What appears to have happened was that those ballots were just not very carefully labeled or organized on election night,” Fitzgerald said during Tuesday’s meeting.”It was really difficult for our audit team to determine which ballots belonged in the audit count.”

After Tuesday’s meeting to certify election results, McGrane told the Sun some of the notes and records connected with the resolution board process in Elmore County were handwritten instead of printed.

McGrane told the Sun he believes all votes were counted properly and the issue came down to organization and record keeping and not being sure which ballots should be part of the audit count, which was a partial audit of Elmore County and the seven other counties, not a full audit.

McGrane and Fitzgerald said they do not believe a full audit is necessary in Elmore County, but they said state election officials will follow up with Elmore County election officials about the discrepancies.

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“We are going out there and meeting with them so we can identify some opportunities for process improvement,” Fitzgerald said.

The 12 vote discrepancy would not have changed the outcome of any election in Elmore County. The closest race Elmore County was involved in was a District 8 Idaho House race that Rep.-elect Faye Thompson won over her closest rival, Democrat Jared Dawson, by more than 9,800 votes in an election that included three other counties. All but one county level election was uncontested in Elmore County during the 2024 general election.



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Early morning fire quickly extinguished in Idaho Falls – Local News 8

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Early morning fire quickly extinguished in Idaho Falls – Local News 8


This is a press release from the Idaho Falls Fire Department

IDAHO FALLS, Idaho (IFFD) — The Idaho Falls Fire Department responded to a structure fire early Thanksgiving morning on the 700 block of Reed Avenue.

Around 12:43 a.m., a resident called 911 to report a fire involving a single-story home. The caller also reported that everyone had made it outside.

The Idaho Falls Fire Department responded immediately and arrived within five minutes. The first units on scene reported seeing smoke showing from the house. Firefighters discovered the fire burning in the corner of the home and into the eves. 

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The fire was quickly extinguished and firefighters worked to ensure the fire did not spread further into the home. 

Both Idaho Falls Power and Intermountain Gas were called to secure utilities. 

In total, seven people and a dog were displaced as a result of the fire. There were no injuries to firefighters and one civilian was evaluated on scene by paramedics but was not transported to the hospital.

IFFD responded with three engines, two ambulances, a ladder truck and a battalion chief. 

The cause of the fire remains under investigation by the Idaho Falls Fire Department Fire Prevention and Investigation Division. The total amount of damages is estimated at $30,000.

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IFFD also responded to another fire call Thursday morning around 4 a.m. It was reported that a resident in a home on Camrose Street awoke to the sound of a smoke alarm. They discovered another resident in the home had been smoking and sustained injuries when a fire ignited. The fire was out before IFFD arrived, but one adult was transported to Eastern Idaho Regional Medical Center.

With Thanksgiving underway, IFFD reminds residents to prioritize fire safety this holiday by staying vigilant in the kitchen and to cook safe. Nationwide, Thanksgiving is the peak day for home cooking fires, with more than three times the daily average for such incidents. For more Thanksgiving fire safety information, visit https://www.nfpa.org/education-and-research/home-fire-safety/thanksgiving



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Early morning house fire in Idaho Falls causes $30,000 in damage – East Idaho News

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Early morning house fire in Idaho Falls causes ,000 in damage – East Idaho News


The following is a news release from the Idaho Falls Fire Department.

IDAHO FALLS — The Idaho Falls Fire Department responded to a structure fire early Thanksgiving morning on the 700 block of Reed Avenue.

Around 12:43 a.m., a resident called 911 to report a fire involving a single-story home. The caller also reported that everyone had made it outside.

The Idaho Falls Fire Department responded immediately and arrived within five minutes. The first units on scene reported seeing smoke coming from the house. Firefighters discovered the blaze burning in the corner of the home and into the eves.

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The fire was quickly extinguished and firefighters worked to ensure the fire did not spread further into the home.

Both Idaho Falls Power and Intermountain Gas were called to secure utilities.

In total, seven people and a dog were displaced as a result of the fire. There were no injuries to firefighters and one civilian was evaluated on scene by paramedics, but was not taken to the hospital.

IFFD responded with three engines, two ambulances, a ladder truck and a battalion chief.

The cause of the fire remains under investigation by the Idaho Falls Fire Department Fire Prevention and Investigation Division. The total amount of damages is estimated at $30,000.

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IFFD also responded to another fire call Thursday morning around 4 a.m. It was reported that a resident in a home on Camrose Street awoke to the sound of a smoke alarm. They discovered another resident in the home had been smoking and sustained injuries when a fire ignited. The fire was out before IFFD arrived, but one adult was taken to Eastern Idaho Regional Medical Center.

With Thanksgiving underway, IFFD reminds residents to prioritize fire safety this holiday by staying vigilant in the kitchen and to cook safe. Nationwide, Thanksgiving is the peak day for home cooking fires, with more than three times the daily average for such incidents. For more Thanksgiving fire safety information, click here.

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