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 8 hours ago

The KLPW Radio Athlete of the Week is Gus Kleekamp with the Washington Post 218 Junior American Legion Baseball Team. Gus pitches, plays shortstop and bats third on the Junior Legion team that won the state championship in Blue Springs over the weekend. He posted the save in a 4-3 win over Festus in the title game. His batting average is .400 with 47-rbi and 47 runs scored. As a pitcher, he's 5-0 with an ERA of 1.631 and a WHIP of .961.

OFF THE CUFF with Diane Jones

2 weeks 2 days ago

CLICK THE ABOVE LINK TO HEAR OFF THE CUFF: ON DEMAND.

Thomas Jefferson, proponent of the Bill of Rights, could never have conceived just how many venues there are today for First-Amendment protected speech.

What he also could not have conceived is how this phenomenon of pervasive media has actually stymied, not enhanced, the free speech expression of presidential candidates.

OFF THE CUFF ARCHIVE

SPORTS CORNER

11 hours 1 min ago

The Washington Seniors are in Sedalia for the state tournament. Post 218 will begin play with a match-up against Manchester at 7:00 this evening. Washington is 33-3 on the season under Manager Mike Gardner. Manchester is 18-7. The game will be broadcast live on KLPW-AM 1220. The other game has Hillcrest going up against Fike-Post 499 from Blue Springs at 4:00.