Budget and Financial Transparency

At KEYS Grace Academy, we are committed to transparency and accountability in our financial operations. In compliance with Section 18 (2) of the Public Act 94 of 1979, The State School Aid Act, we ensure that the following crucial information is readily available to our community.

TRANSPARENCY REPORTING

Section 18 (2) of the Public Act 94 of 1979, The State School Aid Act, has been amended, which requires each school district and intermediate school district to post certain information on its website within 30 days after a board adopts it annual operation budget or any subsequent revision to that budget. The following information is required by law to be posted on all school websites:

(1) The annual operating budget and subsequent budget revisions.

(2) Using data that has already been collected and submitted to the Michigan Department of Education (MDE), a summary of district or intermediate district expenditures for the most recent fiscal year for which they are available, expressed in the following two (2) pie charts which were proved for the general fund of the district or intermediate district by the Center for Educational Performance and Information (CEPI):

(a) A chart of personnel expenditure broken down into the following subcategories:

(1) Salaries and Wages

(2) Employee benefit costs, including, but not limited to, medical, dental, vision, life, disability, and long term care benefits.

(3) Retirement benefits costs

(4) All other personnel costs

(b) A chart of all district expenditures, broken into the following subcategories:

(1) Instruction

(2) Support Services

(3) Business and administration

(4) Operations and Maintenance

(3) Links to all of the following:

(a) The current collective bargaining agreement for each bargaining unit

(b) Each health care benefits plan, including, but not limited to, medical, dental, vision, disability, long-term care, or any other type of benefits that would constitute health care services, offered to any bargaining unit or employee in the district

(4) The total salary and a description and cost of each fringe benefit included in the compensation package for the superintendent of the district or intermediate district and for each employee of the district whose salary exceeds $100,000

(5) The annual amount spent on dues paid to associations

(6) The annual amount spent on lobbying services New Requirements per the July 24th, 2014 Memorandum:

(7) The most recent state approved deficit elimination plan

(8) Information on all credit cards maintained by the district

(9) Information on out-of-state travel by district administration

(10) Bids required under section 5 of the public employee health benefits act, 2007 PA 106, MCL 124.75.

(11) The district’s written policy governing procurement of supplies, materials, and equipment

(12) The district’s written policy establishing specific categories of reimbursable expenses, as described in Section 1254(2) of the revised school code, MCL 380.1254

(13) Either the district’s accounts payable check register for the most recent school fiscal year or a statement of the total amount of expenses incurred by board members or employees of the district that were reimbursed by the district for the most recent fiscal year

23g MI Kids Back on Track Grant (plan, contact information and budget)

Planned Use Of Funds UPDATED 9/26/22 (ESSER)

Engagement Percentage Report

Open Bids

Closed Bids

LITERACY MATERIALS AND BOOKS

- SPECS

PLAY AREA RENOVATIONS PROJECT

- Addendum

Academy Budgets

2023-2024 Board Approved Preliminary Operating Budget

2022-2023 Board Approved Final Budget