Posted on 01/25/2023 2:41:02 PM PST by lightman
The teacher’s unions hate the CFR use as that money is not available to pay their salaries.
I taught SD’s to use zero base budgeting and justify every expenditure each year and not just increase the previous year.
I taught them to transfer budget surpluses to the CRF for future contingencies to avoid wild swings in the budgets.
A carry over of a surplus one year might lead to a huge deficit two years fown the road if you fail to match current operating expenditures with current revenues.
It’s not really hidden, except to the stupid, which most teacher’s unions are.
That’s why I made them budget the reserve funds. Full disclosure and transparency. The unions were just too stupid to understand Fund Accounting Accepted Procedures.
If you swallow the teacher’s union propaganda without understanding the greater picture, you would agree with the article.
Facts are twisted in the article to bias the reader’s opinion.
not really hidden, except to the stupid,
/\
Hey, you’re the one that said you hid money, not me.
Transparency ?
Weasel.
I retired many years ago. This was one of my areas of specialization. As a CPA, I conducted the independent audit of many districts.
Was on the state CPA committee establishing the guidelines and procedures. They were established to provide better accountability and transparency.
School district accounting used to be cash basis like the government. Wide open for manipulation.
We switched them over to accrual basis accounting to better reflect actual operations and stop the manipulation games.
Your lack of understanding of the topic is only surpassed by your ad hominem attacks to hide your ignorance..
Thanks for posting those. I’ve bookmarked them, because they will help to explain why the pensions evaporate, should they
do so.
If a district is trying to protect the taxpayers from the liberal Democrat spend, spend, spend teachers and unions, proper accounting must be done.
This article is written from the perapective of the liberal media using propaganda to manipulate people to help them get more money.
Don’t swallow the blue pill.
To help understand the absurdity of the article, imagine if the school district did not set aside money for teacher’s pensions by creating a “reserve in the form of a pension fund.”
If the schoold district went cash basis on teacher’s retirement checks the unfunded liability owed to all the teachers would not show up on the financials abd the district would spend to bankruptcy.
The same concept applies to the Capital Reserve Fund. These teachers are too stupid to see that money is set aside for major future expenditures and is not available for them to spend now.
This article is biased cow poop.
Typical prog weasel.
You admit you hid money
Then called it prudent and transparent.
Then bitch when someone feeds your own admissions back to you.
Typical.
Your weasel dance and twist not withstanding.
"WHAT? NYT Editorial Board Member Claims ‘Real Debt Crisis’ Is ‘Low Taxes'"
FR: Never Accept the Premise of Your Opponent’s Argument
With all due respect to Freeper parents, please consider the following.
If parents were making sure that the schools that they send their children to were reinforcing what parents are teaching their children about the federal government's constitutionally limited powers, then children could remind their parents of the following remedy for "insufficient" taxes to run schools.
In order for each state to find more funding for schools, and a lot of other things, ALL the states need to put a permanent stop to unconstitutional federal taxes by effectively "seceding" from the unconstitutionally big federal government by repealing the 16th (direct taxes) and 17th (popular voting for federal senators) Amendments (16&17A).
"Article I, Section 9, Clause 7: No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time [emphasis added]."
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
Pelosi: "We have to pass the bill so that you can find out what is in it." (non-FR; 6 sec.)
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
If the repeal amendment was strictly limited to repealing 16&17A, then relatively little, or ideally no discussion would be required before ratification imo.
Also, unconstitutinal federal taxes are taxes which the very corrupt, post-17th Amendment ratification Congress cannot reasonably justify under its constitutional Article I, Section 8-limited powers and a few other constitutionally enumerated expenses.
When was the last time school’ districts downsized and cut taxes. It’s obvious what they are doing is working. There’s no management. There‘s no excellence. Just plenty of grift and grooming.
MADDIE HANNA (wrote this article)
“I cover K-12 education, focusing on suburban schools, charter schools, and education funding.”
She is an education reporter for the liberal Philadelphia Inquirer.
Take your head out of your arse.
You are doing a Humblegunner imitation.
The auditor who conducted this biased study is a political hack with a degree in sociology. He’s also active in the NAACP.
Not a CPA.
Dude
Wake up
What do you expect ?
You admitted you hid money
Then called it prudent
and
claimed you were transparent.
Then try to spin your duplicity behind insulting me.
Typical...grifting...Prog.
Spit.
My cynicism and misanthropy are encroaching upon my good side.
Diogenes of Sinope (l. c. 404-323 BCE) was a Greek Cynic philosopher best known for holding a lantern (or candle) to the faces of the citizens of Athens claiming he was searching for an honest man.
By the way, I heard that cynics were called the “Dog Men” because like dogs they defiantly urinated in the street as a protest against society.
Notice the article does not say which 12 districts. Saying which county does not identify the offenders.
Found the info in another article (lazy reporter/editors at original source):
Abington School District, Montgomery County;
Bethlehem Area School District, Northampton and Lehigh counties;
Cannon-McMillian School District, Washington County;
Hempfield School District, Lancaster County;
Lower Merion School District, Montgomery County;
Neshaminy School District, Bucks County;
North Allegheny School District, Allegheny County;
Northampton Area School District, Northampton County;
North Penn School District, Montgomery County;
Penn Manor School District, Lancaster County; and
School District of Lancaster, Lancaster County;
West Chester Area School District, Chester and Delaware counties.
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