Sunday, November 18, 2018

U.S. Census data just released shows school capital reserves for 45 says set a new record during 2015 at $203 billion, up from $188 billion in 2014.  Alaska, Hawaii, Maryland, North Carolina, Virginia as well as the District of Columbia are usually not included in the totals because Demography says their schools districts’ holdings cannot be separated from the property of their parent governments.

School capital reserves are separated into some categories: cash reserved to long term debt, unspent bond earnings and a combination of operating funds funds and capital cost.  Unspent bond proceeds is not noted by Kansas school districts because the Kansas Dept. involving Education only requires budgeted funds to be published and they also don’t require that a budget be prepared for the Construction Fund, which is the library for bond proceeds.  And so while Kansas districts jointly reported having $1.7 thousand in cash reserves, the state of hawaii listing below shows complete cash of $2.7 b because there was a little about $1 billion in unspent bond proceeds.

The rules on using investment capital outlay cash vary by condition but some states, including Ks, allow school districts to make use of capital outlay funds for certain operating expenditures.  Still, also without separate totals with regard to capital and operating cash, the range of operating and funds cash as a percentage of latest operating spending is eye-opening.  Eight claims listed below have less than Ten percent in operating and investment capital reserve but nineteen reports have more than 25 percent within reserve; South Dakota has the highest ratio at 67 percent.

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