Potential Fiscal Stress Schools

Pursuant to Public Act 109 of 2015, school districts and PSAs may choose to contract with an ISD or Authorizer within 60 days of being notified of the existence of potential fiscal stress in order to receive an administrative review. Schools that do not contract for an administrative review, or do not implement any of the recommendations of their administrative review within 365 days of being notified of the existence of potential fiscal stress, may be required to submit periodic financial status reports to Treasury.

Treasury has declared potential fiscal stress exists for the following school districts and public school academies:


Administrative Review Districts

Contract

Administrative Review

Quarterly Report

Flat River Academy Saginaw Valley State University July 28, 2016 December 31, 2018

Periodic Reporting Districts

Intermediate School District (ISD)

Fiscal Year 2017-2018

Fiscal Year 2018-2019

Multicultural Academy Washtenaw ISD June 30, 2018 September 30, 2018
Britton Deerfield Schools Lenawee ISD June 30, 2018 September 30, 2018
Detroit Community Schools (PSA) Wayne RESA No Reports December 31, 2018

The following template is used for periodic reporting: 2018-19 Periodic Reporting (Excel) 
*Template updated 07-24-2018