1. 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

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

3. 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?

20. A Local District Perspective

23. State-wide Comparison of General Fund Expenditures:

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

25. Campaign Do’s and Dont’s…

26. Do’s and Don’t’s continued…

36. Projected SAF Growth

37. What does that mean per pupil

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

47. State Aid Payments

62. SCHOOL FINANCE RESOURCES o Michigan School Business Officials o House Fiscal Agency o Senate Fiscal Agency o District transparency reports o CEPI

63. Small group breakout... o As a group, discuss… o Something you have learned today that you can take back to your district o Share a best practice from your district with your group

65. QUESTIONS ? Mike Hagerty, Kent ISD mikehagerty@kentisd.org 616-365-2218 Robert K Dwan, MSBO rdwan@msbo.org 517-327-2581