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 5 hours ago

The KLPW Radio Athlete of the Week is Senior Taylor Covington with the New Haven Track and Field Team. Taylor earned All-State honors medaling in four events at the state track meet at Lincoln University in Jefferson City Friday and Saturday. She ran anchor on the 4X800 relay team that finished in sixth place.

OFF THE CUFF with Diane Jones

1 week 1 day ago

Commencement, it is said, is a beginning. Yet graduations are also the end of an era--for students and their parents. For the kids, it's a time of excitement and promise. For parents, it's a bit more bittersweet.

What will the future hold for the Class of 2015? Time will tell.

My youngest has now graduated from high school. Back in 1980, I was the youngest of my family who graduated.

OFF THE CUFF ARCHIVE

SPORTS CORNER

40 min 14 sec ago

Class 3, 4 and 5 State Championship Track and Field is scheduled today and tomorrow at Lincoln University in Jefferson City. Several local athletes have qualified.

Class 4-Allison Hinson of St. Clair won state in the Shot Put this morning with a distance of 47-feet-3.75-inches.