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 13 hours ago

The KLPW Radio Athlete of the Week is St. Francis Borgia Baseball Player Justin Horace. Justin is one of the team leaders at the plate with a .371 average, two home runs and 17 rbi. He bats third in the lineup and is a solid defender at second base. Justin had a double in Monday's 3-0 loss to Lutheran-St. Charles. Justin has been a good hitter since he started playing as a youngster.

OFF THE CUFF with Diane Jones

1 week 5 hours ago

I am a woman. I would be more than happy to have more money in my paycheck. Too bad the Paycheck Fairness Act won't do that for me. Who wants "equality" if it comes because everyone makes less money?

Nonetheless, the Paycheck Fairness Act is the latest weapon in the War On Women, part II--2014 election style.

OFF THE CUFF ARCHIVE

SPORTS CORNER

8 hours 36 min ago

Baseball...
Warrenton hosts Winfield
Washington at Fort Zumwalt North
Borgia hosts Trinity
Union at Farmington

Girls Soccer...
Borgia hosts Trinity
Warrenton will play Kennedy at Parkway West
Union at Incarnate Word
St. Clair at Northwest

Boys Volleyball...
Borgia hosts North Tech