The first report to the feds on Idaho's federal stimulus money spending is out, and it shows that the money spent so far, $12.8 million, has created or preserved 492.58 jobs, Gov. Butch Otter's budget director, Wayne Hammon, informed lawmakers this morning. That means it was about $26,000 per job. However, it's not particularly illustrative - because the reports so far reflect only the money actually spent, not the money that will be spent on the projects that already have started. So those numbers will change substantially over the course of the next year.