District: Reserve fund OK

Florida Keys News - Key West Citizen

Thursday, June 14, 2012

District: Reserve fund OK

Gentile: Schools can use inventory in calculation

BY GWEN FILOSA Citizen Staff
gfilosa@keysnews.com

Monroe County School Board members this week heard some good financial predictions for a change -- that the district's reserve fund will remain high enough to ward off state intervention.

When the 2012 fiscal year ends June 30, the reserve will likely amount to 4 percent of the year's revenues, or about $3.2 million, Chief of Staff Ken Gentile told the board Tuesday.

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Let's see...

Submitted on Thu, 06/14/2012 - 3:00pm by *

(overheard in Jara's head) "Umm we have about 10000 students right? SO that means we have about 10,000 chairs. Yeah, if we need to we can sell those chairs at what, say 20 bucks a piece. Sweet there's another $200,000 in our reserves. Yeah we're good for next year...Hey, let's ask Randy how many computers we have..." Accounting at it's finest folks!

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If that is the case

Submitted on Thu, 06/14/2012 - 7:22pm by Exasperated

If that is the case, all physical properties should be included. I will give them $145 right now, cash. Let the bidding begin.

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Do we really believe them? I think not!

Submitted on Thu, 06/14/2012 - 12:48pm by joey

They are always playing with their numbers. Every thing is smoke and mirrors. One day they say they are on track the next day they say they are 6 million in the hole. They cannot even come up with a budget that most business 101 class do. Has anyone in the public or the teachers seen a real line item budget that compares this years expenses to last years to see where we could do better. No! They are always flying the seat of their pants. We constantly hear oh jolly jee I didn't know that huge bill was due! It came as a compete surprise to us. I welcome the state to come in and clean up this mess. Maybe they can really add up the numbers and tell the citizens of this county the Real Truth!