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

3 days 4 hours ago

The KLPW Radio Athlete of the Week is Garrett Leimkuehler, Sophomore Quarterback for the Hermann Bearcats. Garrett has completed 58% of his passes, 22 of 38 for 441 yards, six touchdowns and two interceptions. He has also carried the ball 36 times for 371 yards for 13 touchdowns and he is averaging more than 10 yards per carry.

OFF THE CUFF with Diane Jones

1 week 3 days ago

On Saturday, September 6, our family lost a dear friend to a car accident. Listeners know her as Lexi the Impulse Puppy. It surprised us a bit just how much the loss struck us--a tribute to just how much that dog loved us--and just how much we loved that dog. Dogs are not the same as people, but they certainly tap into the very best of us.

OFF THE CUFF ARCHIVE

IN REMEMBRANCE OF LEXI JONES - 09/08/2014 - 11:32am
COMMUNITY MUST HEAL: A CHALLENGE - 08/06/2014 - 3:18pm
Senior Games Embrace Life! - 06/23/2014 - 11:23am

SPORTS CORNER

3 hours 31 min ago

St. Clair at Union in the KLPW-AM 1220 broadcast game. Kickoff 7:00, Pigskin Preview 6:05 on KLPW.
Elsewhere...
Hermann at Owensville
Pacific at Sullivan
Washington hosts Fort Zumwalt South
St. James hosts Ash Grove
Borgia hosts Cardinal Ritter
Washington hosts St. Charles West
Wright City hosts South Callaway
Cuba at Brentwood