School Board members engaged in a lengthy and at times tense discussion regarding the “Standards of Solvency and Viability” at their regular meeting on Monday, Oct. 14. The standards, originally approved in October 2016, had been brought up at the previous two board meetings, as a few board members suggested that changes to the standards should be considered.
At Monday’s meeting, Board Member Kent Saylor proposed a change to how revenue is calculated in the expense and revenue formula that supports the standards.
The current “Standards of Solvency and Viability” document was developed by the board’s Finance Committee — which consists of board members Saylor, Ed Reznicek and Kathy Lippert. According to Saylor, it was developed as a basic tracking tool to help monitor the overall financial health of the district as a whole, as well as the financial health of each campus.
(Read more: Sabetha Herald)
