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

2 days 3 hours ago

The KLPW Radio Athlete of the Week is Washington Varsity Soccer Goalie Camron Shipley. Camron made countless saves in Washington's 1-0 win over Borgia Saturday night at Jim Scanlan Stadium at Washington High School. The game was scoreless through regulation and two overtimes and Shipley only gave up one goal in the shootout. Camron is a senior and this is his first year playing soccer.

OFF THE CUFF with Diane Jones

1 week 1 day ago

If you want to get someone's attention, whisper. That old investment brokerage ad is the opposite of what is going on regarding shootings in Ferguson and Tower Grove. When people threaten violence or blankly label one as a racist, it's very hard to listen. The same holds true for those who sum up the plight of impoverished black communities as "that's how those people are."

OFF THE CUFF ARCHIVE

THE BLACK & WHITE ISSUES OF FERGUSON - 10/13/2014 - 11:06am
STRIKING ISIS IN SYRIA - 09/23/2014 - 6:00am
IN REMEMBRANCE OF LEXI JONES - 09/08/2014 - 11:32am

SPORTS CORNER

31 min 39 sec ago

Four Rivers All Conference Selections have been released...
First Team
Pitchers
Marissa Tate-Pacific
Abigail Ray-St. James
Catcher
Sarah Messex-Sullivan
Infielders
Kayla Kelly-Union
Alyssa Rowbottom-Pacific
Madison LeClaire-Pacific
Aubrey Daniel-Sullivan
Alexis Uffmann-St. James
Outfielders
Shea Wells-Union
McKenna McCoy-Sullivan