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

5 days 3 hours ago

The KLPW Radio Athlete of the Week is Sophomore Soccer Player Anna Merseal from St. Clair High School. Anna currently leads the team with 15 goals and nine assists. Last game out, Anna scored leading the Bulldogs to a 2-0 win over Fatima. Coach Tim Isgrig says Anna has worked hard to improve her game in the past year. Her teammates respect her and look to her for leadership. Anna is also a very good student. Current GPA is 3.8.

OFF THE CUFF with Diane Jones

3 weeks 1 day ago

On March 24, 2015, Lufthansa Airlines pilot Andreas Lubitz steered a planeful of passengers into the French Alps, killing 150 people in a grisly act of murder/suicide.

The logical first question the world is asking is why? We ask this not only to make some sort of rational sense out of the irrational act, but also so that we can try to prevent something like it from happening again.

OFF THE CUFF ARCHIVE

Evil: The Root Cause of Terror - 03/27/2015 - 11:28am
Mandatory Voting? - 03/20/2015 - 11:29am

SPORTS CORNER

5 hours 2 min ago

A late surge by the Cardinals gave them a 6-1 win over the Reds at Busch Stadium. Yadier Molina hit a three-run double in the seventh inning to break the tie. The Cards put up two more runs in the eighth to secure the win. Michael Wacha pitched seven innings of one-run ball for St. Louis to improve to 2-and-0. The Cards have won three straight.