SCHOOL FINANCE BASICS: Everything Your Superintendent Wished You Knew Presented at the MI School Public Relations Association Summer Drive-In Conference June 25, 2014 Mike Hagerty, Kent ISD Robert K Dwan, Michigan School Business Officials
SCHOOL FINANCE BASICS: Everything Your Superintendent Wished You Knew Presented at the MI School Public Relations Association Summer Drive-In Conference.
Jan 14, 2016
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SCHOOL FINANCE BASICS:Everything Your Superintendent Wished You
Knew
Presented at the
MI School Public Relations Association
Summer Drive-In Conference
June 25, 2014
Mike Hagerty, Kent ISD
Robert K Dwan, Michigan School Business Officials
Today’s Agenda . . .
o 9:00 am –9:00 am – 10:15 am10:15 amo Proposal A o Foundation allowance o School aid revenueo School aid appropriationso Special education fundingo Types of schoolso MPSERS costs
o 10:15 am – 10:30 am - Break10:15 am – 10:30 am - Break o 10:30 am – 11:30 am10:30 am – 11:30 am
o Finish topicso Small group discussion
Quiz time!!
1. Proposal A passed in what year?
2. What is the percentage change in K-12 employment the past twelve years?
3. When running a bond campaign, a district may use the slogan “vote yes”?
4. What is the dollar amount of the school aid fund?
5. How many K-12 pupils are in MI?
A Local District Perspective
State-wide Comparison of General Fund Expenditures:
Food Service Fund2013-14
2013-14
Revenues $ 1,057,110
Expenditures 1,086,916
Net Change ( $29,806)
Ending Fund Balance $ 97,469
Campaign Do’s and Dont’s…
Do’s and Don’t’s continued…
Projected SAF Growth
What does that mean per pupil
Net increase after MPSERS off-set
At a foundation allowance of $7,251, a $100 foundation increase = 1.4%
State Aid Payments
SCHOOL FINANCE RESOURCES
o Michigan School Business Officials o House Fiscal Agencyo Senate Fiscal Agencyo District transparency reportso CEPI
Small group breakout . . .
o As a group, discuss…As a group, discuss…
o Something you have learned today that you can Something you have learned today that you can take back to your districttake back to your district
o Share a best practice from your district with your Share a best practice from your district with your groupgroup
QUESTIONS ?
Mike Hagerty, Kent [email protected]
616-365-2218
Robert K Dwan, MSBO [email protected]
517-327-2581
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