Two-and-a-half years ago, as the Las Vegas City Schools District was grappling with scandal over the sexual relationship between former Robertson High School teacher Jay Quintana and a student, the district was also dealing with cash management issues.
During the fiscal year that ended June 30, 2010, the district didn’t have enough cash in its general fund to cover program overages. As a result, it ended up borrowing nearly $1.7 million from its Bond Building Fund to cover the shortfall.
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