PARK HILL SCHOOL DISTRICT FINANCIAL STATEMENTS with ...

PARKHILL SCHOOL DISTRICT
Kansas City, Missouri
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)
June 30, 2011
Since the Park Hill School District receives approximately 18% of its total operating revenue from the
state, a drop in funding can adversely impact the district. The district must be mindful of potential
reductions in other state categorical expenditures as well (i.e. transportation, special education
funding). Staff will monitor and follow these developments.
An additional concern held by the administration and Board of Education is the increasing cost of
maintaining competitive salaries and employee benefit packages. During fiscal year 2011, the district
spent $88.7 million in employee compensation including insurance, retirement, Medicare, and other
benefits.
Also, increasing enrollment of diverse populations will continue to create service and financial demands
on the district. Programs to support these diverse populations, such as English as a Second Language
(ESL), school social workers, and Early Childhood Special Education are expected to continue their
growth in future years.
Economic conditions, service demands, increasing enrollments, implementation of a new state
funding formula, and local growth all require management to plan carefully and prudently to provide
the resources to meet student needs over the next several years.
CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, investors and creditors with a
general overview of the district's finances and to show the district's accountability for the money it
receives. If you have questions about this report or need additional financial information, contact Dr.
Paul Kelly, Assistant Superintendent at Park Hill School District, 7703 NW Barry Road, Kansas City,
Missouri 64153.
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