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 day 2 hours ago

The KLPW Radio Athlete of the Week is Union Senior Pitcher Janna Ruether. Her record is 6-4 with a 4.35 era. Janna has registered 40 strike outs with 33 walks in 37 innings pitched this seaon. As a hitter, Janna is batting .308 with 10 rbi with one double and one triple. Janna has played a major role in Union's run to the Four Rivers Conference Championship this year.

OFF THE CUFF with Diane Jones

1 week 3 hours ago

Early Tuesday morning, U.S. fighter jets, armed Predator and Reaper drones, and Navy ships launched airstrike attacks against ISIS, deep within Syria. While it is ironic that it was about a year ago at this time that President Obama was seriously considering strikes against Syrian leader Bashir al-Assad, sometimes threats emerge even greater than the last.

OFF THE CUFF ARCHIVE

STRIKING ISIS IN SYRIA - 09/23/2014 - 6:00am
IN REMEMBRANCE OF LEXI JONES - 09/08/2014 - 11:32am
COMMUNITY MUST HEAL: A CHALLENGE - 08/06/2014 - 3:18pm

SPORTS CORNER

2 hours 18 sec ago

Softball...
Borgia at Union in the KLPW-AM 1220 broadcast game. Game time is 4:30. Tape delayed broadcast 7:00 on KLPW-AM 1220.
Elsewhere...
Washington at Summit
Warrenton at St. Charles West
New Haven at Bourbon

Volleyball...
St. Clair at Hermann
Union at St. James
Sullivan at New Haven
Owensville at Pacific
Borgia at Notre Dame
Washington hosts Eureka