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5:32 AM Fri, Jan. 18th

Peach Springs employees paid

School district solvent again after new credit line OK’d

KINGMAN - Most of the 28 employees of the Peach Springs Unified School District who were issued worthless end-of-year checks June 1 now have gotten payments they were due.

Mike File, Mohave County school superintendent, said the Mohave County Treasurer's Office issued 10 payment checks Tuesday.

"The county treasurer has received all but five of the outstanding checks," File said Wednesday. "That office began covering checks Friday when the line of credit for the district was approved."

Payment will be made to the remaining employees with outstanding bad checks once those checks reach the treasurer's office, he said.

File's office does payroll for the PSUSD and issued about $160,000 in checks to the 28 employees. File was not aware the account against which they were written had insufficient funds to cover the checks.

Chase Bank issued a $200,000 line of credit to the district. Governing board members authorized and signed off on the credit line during an emergency meeting June 5.

"We sent out payroll Friday to year-round employees around 11 a.m. once the credit line hit the bank about 10 a.m.," File said.

That bi-weekly payroll totaled about $40,000 for 27 employees.

Franklin Hoover, attorney for the PSUSD, previously stated he had no information as to how the district got into the financial situation.