Friday, September 20, 2019

At the same time courts and taxpayer-funded faculty lawyers claim school zones to lack adequate financing, school district cash stocks set new records during the past year according to the Kansas Department associated with Education.  Total cash supplies set a new record merely over $2 billion and each significant category also set brand-new records.  Operating cash stores increased by $17.4 mil to $928.1 million, debt stores jumped by $50 million that will $554.6 million, capital outlay supplies hit $492.1 million with a achieve of $60.8 million plus federal cash reserves rose $17.8 million to a history $42.1 million.

With a few exceptions, doing work cash reserve increases would be the result of school districts definitely not spending all of the state and local tax aid they receive to perform schools.  The 2017 school calendar year saw 151 districts increase their doing work reserves while 136 districts used up down some of their reserves.

The next to table lists the ten most significant operating cash reserves raises and declines.  Two zones among the top ten that elevated their operating reserves C Wichita together with Hutchinson C are plaintiffs suing for additional backing; another plaintiff, Kansas City, a little reduced operating reserves however , finished the year with $64.Eight million on hand, which represents a good $39.3 million increase given that 2005.  The other plaintiff, Avoid City, reduced reserves by means of roughly $310,000 to finish all seasons with $14 million in the bank.

 

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