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 12 hours ago

The KLPW Radio Athlete of the Week is Owensville Sophomore Cross Country Runner Carter Bracato. Carter finished 13th in Class 3 with the best time of any local runner at state. He attacked the Oak Hill Golf Club Course in Jefferson City finishing with a time of 16:50.67, leading Owensville to a 6th place finish in the team standings. Carter medalled in several events this season.

OFF THE CUFF with Diane Jones

2 days 8 hours ago

"No Justice, No Peace"

Certainly, there was no peace on the streets of Ferguson on the night the grand jury announced it would not indict police officer Darren Wilson for the shooting of Michael Brown.

The images of a city burning were disturbing, saddening and sickening. Every business torched leaves in its wake families who have lost their source of income, and a community that will find it that much harder to rebuild.

OFF THE CUFF ARCHIVE

SPORTS CORNER

11 hours 35 min ago

62nd Annual Borgia Thanksgiving Tournament...
Carnahan 71 Normandy 46

Cullen VanLeer scored 32 points in the first game of his final season at Pacific High School in a 64-22 win over Rockwood Summit. Cameron VanLeer and Noah Boyer added 13 apiece. Summit was led by Alex Banta with six points.