Charters and Public School Academies
Governmental Accounting Standards Board (GASB)
Charters and Public School Academies
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April 29, 2024
As reported in the April newsletter, the legislature has approved multiple avenues of additional funding for educational purposes. The list in the article omitted the last category. Please use the table below as a reference guide to the reportability of payments from these funding sources. As always, if you have questions about a specific payment contact ORS_Web_Reporting@michigan.gov.
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27a- MI Educator Fellowship Program
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Nonreportable - Used to offset tuition costs for individuals who are working toward earning their initial teacher certification. |
| 27b- Grow Your Own | Nonreportable - Used to offset expenses related to advancing one education level. Example: aide getting a bachelor’s degree or a teacher getting a master's degree. |
| 27c- MI Future Educator Student Teacher Stipend Program | Nonreportable - Used for education preparatory institutions to pay student teachers. |
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27g- Talent Together Coalition
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Nonreportable - Used for recruitment, retention, and teacher development.
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| 27h- Mentoring Grants for Teachers, Counselors, and Administrators | Reportable - Used to provide grants to districts for mentor stipends. Note: additional duties must be performed and fully documented. |
| 27k- Student Loan Repayment Program | Nonreportable - Used for school districts to implement a student loan repayment program. |
| 27l- Educator Compensation Program | Reportable - Designed to increase educator compensation. |
| 27m- Awards for Teachers with National Board Certification | Reportable - Provides financial awards to eligible Michigan teachers who hold National Board Certification. |
Note that payments based on funding from the 27k Student Loan Repayment Program are not considered gross earnings and should not be included on DTL4 records. Payments from all other funding sources listed above are considered gross earnings and should be included on DTL4 records.