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

13 hours 33 min ago

The KLPW Radio Athlete of the Week is Senior Quarterback Justin Baylard from

OFF THE CUFF with Diane Jones

3 weeks 6 days ago

I have been behind the microphone for 10 years now. In the course of time, I have covered many elections and have seen first-hand how bruising and hurtful campaigns can be to people. None have been as difficult to watch, however, as the annexation battle in Washington--which pitted good people who care about their community against good people who care about their community.

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SPORTS CORNER

8 hours 18 min ago

The St. Francis Borgia/Maplewood-Richmond Heights football game this week is cancelled. Maplewood has cancelled the game due to low numbers and injuries. Borgia Athletic Director Brad Bruns has sent out word across the state that the Knights are looking for a week three opponent but the Missouri State High School Activities Association has already declared the game a 13-0 forfeit.