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

4 hours 27 min ago

The KLPW Radio Athlete of the Week is Junior Middle Hitter Amanda Vollmer with the Washington High School Volleyball Team. Amanda currently has 58 kills on the year and is averaging more than two kills per game. She also sports a 97.46 serve percentage with seven aces. Amanda is also a good defender with 30 blocks and 38 digs on the season.

OFF THE CUFF with Diane Jones

2 weeks 4 hours ago

On Saturday, September 6, our family lost a dear friend to a car accident. Listeners know her as Lexi the Impulse Puppy. It surprised us a bit just how much the loss struck us--a tribute to just how much that dog loved us--and just how much we loved that dog. Dogs are not the same as people, but they certainly tap into the very best of us.

OFF THE CUFF ARCHIVE

IN REMEMBRANCE OF LEXI JONES - 09/08/2014 - 11:32am
COMMUNITY MUST HEAL: A CHALLENGE - 08/06/2014 - 3:18pm
Senior Games Embrace Life! - 06/23/2014 - 11:23am

SPORTS CORNER

6 hours 33 min ago

The Cardinals open their final road trip of the season tonight in Chicago. Adam Wainwright tries for his 20th win, while the Cubs start Travis Wood. St. Louis will also play three at Arizona this weekend. The Cardinals lead the Pirates by two-and-a-half games in the NL Central.