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.


3 hours 12 min ago

The KLPW Radio Athlete of the Week is 6-7 Junior Center Alex Movila from St. Francis Borgia Regional High School in Washington. He scored a combined 61-points in three games of the Borgia/Pepsi Thanksgiving Tournament last week. Alex led the team in all three games with 21 against Fatima in the first round and 16 in the second round against Carnahan and 24 against North Tech in the Gold Championship game.

OFF THE CUFF with Diane Jones

1 week 5 days ago

Football players strike. A university president resigns. Suddenly, the University of Missouri is in the eye of a media firestorm. Mizzou has now supplanted Ferguson as the hash tag known round the world.



3 hours 30 min ago

The Montgomery County Tournament gets underway this evening with four games...
High School...
Clopton vs. Montgomery County at 5:30
Hermann vs. Moberly at 7:00
Middle School...
New Haven vs. Bowling Green at 5:30
Fulton vs. Wellsville at 7:00

Clayton Round Robin...
St. Clair vs. Principia at 5:00
Normandy vs. Clayton at 6:30