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

6 days 19 hours ago

The KLPW Radio Athlete of the Week is Washington Senior Running Back Jared Rennick. He carried the ball 19 times for 197 yards and two touchdowns in Friday's 34-12 win over St. Clair. Jared also wrestles and he is a good student with a 3.0 GPA. His favorite football team other than the Blue Jays is the Missouri Tigers.
Favorite Subject: History

OFF THE CUFF with Diane Jones

2 weeks 5 days ago

August 9, 2014, will forever be marked in the history books as the date Michael Brown was shot by a Ferguson police officer.

It is the aftermath of that event, however, which history will forever remember. The protesters, the looters, the agitators, the Hands Up Don't Shoot movement, the dramatic announcement of the grand jury, the buildings up in flames. In the process, the community and image of Ferguson was destroyed.

OFF THE CUFF ARCHIVE

SPORTS CORNER

1 day 19 hours ago

Kelby Tomlinson connected with the walk-off RBI-single to lift the Giants over the Cardinals, 5-4, at AT&T Park. Marlon Byrd gave San Francisco an early lead with his eighth career grand slam in the third inning. Javier Lopez picked up the win in relief as the Giants won their third straight game. Stephen Piscotty had a two-run double for St. Louis and Yadier Molina chipped in an RBI-single in defeat.