August 19, 2014

USD 231 expense report for the month of March

In response to a KORA request by The Gardner News, USD 231 provided expenditures. Constituents may request copies of specific expenditures by making a KORA requests. Although specific forms are not required by Kansas statute, the preferred form is available thru the USD 231 board office.

Expenditures_March_2012

Comments

  1. gardnerpatron says:

    Looks like another good month of spending – Article in the KC Star sys it all:
    According to a report filed by Smaardyk, Gardner-Edgerton, a district of about 5,200 students in Johnson County, had its bond rating on general obligation debt lowered from AA- to A+ in late March because of “the deterioration of the district’s nonrestrictive cash position to $0 from $3.3 million.”
    The downgrade could prove expensive for Gardner, where voters recently approved a $75 million bond issue for new elementary and middle schools and additions to the high school. The interest on that debt now will be much higher than what it would be had the rating not dropped.
    Smaardyk said Gardner is an extreme case, but it isn’t the only district having difficulties with finances. “I would not say that it’s limited to them entirely,” she said. “I would say they’re one of the first we’ve downgraded. Their cash position going forward really limits their flexibility to respond to any additional reductions in state funding.”
    Superintendent Bill Gilhaus said the district would have been able to keep Standard and Poors’ recommended $2 million reserve if not for cuts from the state.
    “People need to be aware there have been numerous occasions in which we have not received state aid on time,” Gilhaus said. “If not for our use of cash balances we would not have the ability to issue payroll to our employees.”
    Rep. Mike Kiegerl, an Olathe Republican whose district includes Gardner and Edgerton, said school districts throughout the state have more than enough cash reserves. While acknowledging Gardner-Edgerton is “underwater,” he said it is “one of the more expensive districts in the state.”
    “I’ve always encouraged the school board to do some saving,” he said. “It’s not one of their favorite things to do.”

    Read more here: http://midwestdemocracy.com/articles/credit-rating-agencies-keep-watch-on-kansas-school-funding-debate/#storylink=cpy

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