Make schools really have 'rainy day' dinero?

In his usual report along at the district's cash flow and budget watching, he pointed out how numbers around each of the district's funds are not really want as they seem.

For example , while the district's ed fund is sitting through $2. 9 million right now, going $2. 4 million is reserved for teachers' salaries.

"It's important to have a little money in your bank account, " Hermes iPhone said. "But I would not call it a 'rainy day' deposit. It's more smart management. "

Hermes iPhone 6 plus flip case said people following the district's budget numbers need to take into account there is no benefits really happening behind the earnings release, rather than just reading the number.

Hermes considered that schools like SVE are very funded by state aid, are created some may think the school gets back again 100 percent of their allotted state treatment, in reality SVE is only getting fifth 89 percent of what they are suppose to get more from state aid.

Hermes shined a light on transportation reimbursements to illustrate. The district has five busard, and many students rely on that transportation to school each day. However , transportation and additionally bus costs don't come discounted for schools.

"It would be important if the state recognized that need and additionally paid us 100 percent of there is no benefits expected to be paid to a lot of people, but we've only gotten 22 percent (reimbursement) this year, " Hermes said.

Right now, the district mainly has $19, 000 left inside the transportation fund, and it may be precisely they'll have to work with until August 12, the last day of school. Viewing that number to what the district on a monthly basis average on transportation, it can be from about $23, 000 to $35, thousand.

"And I've heard reports that enables us to won't see any more funding arriving our way for the rest of the year around transportation, " Hermes said. "It's not a complaint … I's definitely stating the facts because we have neighborhood members that care and really would love to watch what our school performing.

"Do we have a lot of excess dinero? " he asked. "The option is no because it's so exciting to have around. "

With a new governor now famous and possibly different ways for school start up funds hanging over the heads of school website, it's just not certain what's likely going to happen next — financially conversing — for schools.

"In nowadays with the state, it would be nice to note we're going to cut taxes in 2012, but we really don't know what the state of hawaii is going to do, " Hermes said.

1 more key point, Hermes brought up at Wednesday's meeting is how a local savings expert recently came out and widely stated he was worried about area dojos paying off their debts.

Hermes recommended his district does have debt. The most current addition was just built aboard the JFK School, and while seventy five percent of that project was acquired by the state, the district has responsible for $5 million.