Washington School District Operation vs. Construction Funds

An issue was raised on Ticked Off Tuesday, asking why the Washington School District needs a tax increase for schools when they have plenty of money in reserves. According to the district’s Chief Financial Officer Shelly Kinder, the operation fund, which has a reserve, is totally separate from the construction fund that would pay for improvements to the district buildings.

Because Washington relies so heavily on local taxes instead of formula funding, the district is required by the state to have a minimum of around 18% in operation reserves. The Washington School Board has decided to keep their reserves between 22 and 27 percent. The reason for this, according to Kinder, is because of the uncertainty of funding on the state and federal level, not to mention the recession.
The district also carries a larger reserve to manage cash flows while it waits for tax dollars from the County Assessor to start coming in.

The Washington School District fund that pays for construction projects currently carries a 4 million dollar balance. That balance would be used up quickly if any major emergency would occur like the tornado in Joplin or something as simple as a water heater going out.

ATHLETE OF THE WEEK

1 week 10 hours ago

The KLPW Radio Athlete of the Week is Senior Baseball Player Spencer Juergens from St. Francis Borgia Regional High School in Washington. Spencer is the Ace of the pitching staff with a 4-0 record. He has given up just one run this season and currently sports an earned run average of .33. Spencer has allowed 11 hits in 21 innings but no extra base hits. He has struck out 16 while walking two for a strike out to walk ratio of 8.1.

OFF THE CUFF with Diane Jones

3 days 19 hours ago

Recently released statistics show that immigration to the United States has accounted for 82% of the population growth over the past 8 years.

This may be an alarming fact to a number of people, especially conservatives who do not trust President Obama on this issue. The fact is, however, that this trend has been going on for decades.

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SPORTS CORNER

10 hours 33 min ago

The Wild secured a spot in the second round of the Stanley Cup Playoffs with a 4-1 win over the Blues in Game Six of their West series. Zach Parise netted a pair of goals for Minnesota, which will clash with Chicago in the semifinals. Justin Fontaine and Nino Niederreiter also lit the lamp, while Devan Dubnyk made 40 saves. T.J. Oshie had the only goal of the game for St.