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 June 30, 2018
Kent City Community Schools Kent ISD July 21, 2016 June 30, 2018

Periodic Reporting Districts

Intermediate School District (ISD)

Fiscal Year 2017-2018

Fiscal Year 2018-2019
Multicultural Academy Washtenaw ISD June 30, 2018 July 31, 2018
Britton Deerfield Schools Lenawee ISD June 30, 2018 July 31, 2018
Ontonagon Area School District Gogebic-Ontonagon ISD June 30, 2018 July 31, 2018
Detroit Community Schools (PSA) Wayne RESA No Reports July 31, 2018
Macomb Academy Macomb ISD No Reports Extended
Midland Academy of Advanced and Creative Studies Midland County ESA No Reports July 31, 2018
Saranac Community Schools Ionia ISD No Reports July 31, 2018

The following school district has been declared to have potential fiscal stress as of March 1, 2018 and is not required to submit periodic reports pursuant to ​MCL 380.1219(7)(d):

  1. Watersmeet Township School District, Gogebic-Ontonagon Intermediate School District

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