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

1 day 11 hours ago

The KLPW Radio Athlete of the Week is Junior Running Back/Defensive Back Jonathan Braun with the St. Francis Borgia Knight Football Team. Braun ran the ball 21 times for 195 yards and two touchdowns in Friday night's 31-19 win over the Union Wildcats, averaging 9.3 yards per carry. He also plays defensive back where he made one tackle.

OFF THE CUFF with Diane Jones

3 weeks 7 hours ago

August 9, 2014, will forever be marked in the history books as the date Michael Brown was shot by a Ferguson police officer.

It is the aftermath of that event, however, which history will forever remember. The protesters, the looters, the agitators, the Hands Up Don't Shoot movement, the dramatic announcement of the grand jury, the buildings up in flames. In the process, the community and image of Ferguson was destroyed.

OFF THE CUFF ARCHIVE

SPORTS CORNER

9 hours 31 min ago

Volleyball...
Coming up tonight, it's Borgia hosting St. Dominic in the KLPW Broadcast game. 6:15 on AM 1220.
Elsewhere...
Owensville at Belle
Sullivan at Waynesville
Tolton Catholic at Hermann
Pacific at Eureka
New Haven at Chamois
Warrenton at Zumwalt East
Union at Mehlville