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SCHOOL FINANCE BASICS: Everything Your Superintendent Wished You Knew

SCHOOL FINANCE BASICS: Everything Your Superintendent Wished You Knew. Mike Hagerty, Kent ISD Robert K Dwan, Michigan School Business Officials. Presented at the MI School Public Relations Association Summer Drive-In Conference June 25, 2014. Today’s Agenda. 9:00 am – 10:15 am

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SCHOOL FINANCE BASICS: Everything Your Superintendent Wished You Knew

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  1. SCHOOL FINANCE BASICS:Everything Your Superintendent Wished You Knew Mike Hagerty, Kent ISD Robert K Dwan, Michigan School Business Officials Presented at the MI School Public Relations Association Summer Drive-In Conference June 25, 2014

  2. Today’s Agenda . . . • 9:00 am –10:15 am • Proposal A • Foundation allowance • School aid revenue • School aid appropriations • Special education funding • Types of schools • MPSERS costs • 10:15 am – 10:30 am - Break • 10:30 am – 11:30 am • Finish topics • Small group discussion

  3. Quiz time!! • Proposal A passed in what year? • What is the percentage change in K-12 employment the past twelve years? • When running a bond campaign, a district may use the slogan “vote yes”? • What is the dollar amount of the school aid fund? • How many K-12 pupils are in MI?

  4. A Local District Perspective

  5. State-wide Comparison of General Fund Expenditures:

  6. Food Service Fund2013-14 2013-14 Revenues $ 1,057,110 Expenditures 1,086,916 Net Change ( $29,806) Ending Fund Balance $ 97,469

  7. Campaign Do’s and Dont’s…

  8. Do’s and Don’t’s continued…

  9. Projected SAF Growth

  10. What does that mean per pupil

  11. Net increase after MPSERS off-set At a foundation allowance of $7,251, a $100 foundation increase = 1.4%

  12. State Aid Payments

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