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 for the following school districts and public school academies:


Administrative Review Districts

Contract

Administrative Review

Quarterly Report

Bay City Public Schools

Bay-Arenac ISD January 15, 2018 No Reports
Flat River Academy Saginaw Valley State University July 28, 2016 December 31, 2017
Kent City Community Schools Kent ISD July 21, 2016 December 31, 2017

Periodic Reporting Districts

Intermediate School District (ISD)

Fiscal Year 2016-2017

Fiscal Year 2017-2018

Multicultural Academy Washtenaw ISD July 20, 2017 December 31, 2017
Britton Deerfield Schools Lenawee ISD No Reports December 31, 2017
Ontonagon Area School District Gogebic-Ontonagon ISD No Reports December 31, 2017

The following school districts and public school academies have been declared to have potential fiscal stress as of March 1, 2018 and have 60 days to contract with an ISD or Authorizer for an administrative review or report to Treasury:

  1. Detroit Community Schools (PSA), Bay Mills Community College
  2. Macomb Academy, Central Michigan University
  3. Midland Academy of Advanced and Creative Studies, Central Michigan University
  4. New Beginnings Academy, Central Michigan University
  5. Saranac Community Schools, Ionia Intermediate School District
  6. Success Mile Academy, Grand Valley State University
  7. Watersmeet Township School District, Gogebic-Ontonagon Intermediate School District

The following template is used for periodic reporting: 2017-18 Periodic Reporting (Excel) 
*Template updated 05-08-2017