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2025 School Bond Qualification and Loan Program Annual Report

Appendix C

Outstanding SBLF & SLRF Balances by District

This table provides outstanding School Bond Loan Fund (SBLF) and State Loan Revolving Fund (SLRF) balances by school district. The table identifies each district's outstanding borrowing and repaying status for the reporting period.

As of the reporting date, the total outstanding balances were approximately $999.5 million, $1.09 billion, and $1.18 billion across the reporting categories shown in the table. The number of districts with outstanding balances was 122, 113, and 111, respectively. These totals provide a statewide summary of remaining SBLF and SLRF obligations, while the table below provides district-level detail.

District

Years in Fund

2023

2024

2025

2025 Status

Adams Twp

31

$1,905,596.22

$1,862,781.55

$1,633,479.44

Repaying

Allegan

13

$781,101.81

$1,356,959.76

$1,417,691.17

Borrowing

Allen Park

22

$1,059,045.60

$2,628,249.24

$3,402,184.71

Borrowing

Allendale

18

$19,729,513.21

$19,673,005.54

$18,697,365.44

Repaying

Alma

21

$2,337,027.17

$1,403,398.35

$651,293.86

Repaying

Anchor Bay

29

$22,060,795.16

$19,366,599.58

$14,837,281.68

Repaying

Armada

29

$6,577,026.08

$6,867,799.49

$7,286,687.87

Repaying

Ashley

29

$1,646,657.45

$1,484,279.34

$1,291,292.20

Repaying

Bath

51

$292,985.05

$590.66

$0.00

Paid

Beecher

12

$575,226.93

$401,911.41

$269,820.26

Repaying

Belding

15

$5,518,242.67

$6,899,172.12

$8,257,654.44

Borrowing

Bellevue

18

$5,707,814.59

$6,179,721.70

$5,940,191.13

Borrowing

Bendle

20

$544,210.31

$596,515.15

$623,213.35

Repaying

Bloomingdale

24

$4,203,365.95

$4,218,628.44

$4,407,319.25

Repaying

Brandon

30

$830,971.90

$1,389,493.71

$2,092,856.82

Borrowing

Britton Deerfield

2

$331,491.99

$0.00

$0.00

Paid

Bullock Creek

5

$133,020.94

$0.00

$0.00

Paid

Byron Center

13

$13,870,977.49

$17,139,702.46

$18,374,999.35

Repaying

Caledonia

13

$11,902,739.93

$15,274,867.47

$16,931,969.90

Borrowing

Carrollton

30

$2,607,605.78

$2,292,798.58

$1,874,285.10

Repaying

Cedar Springs

31

$2,133,113.98

$2,230,111.07

$2,507,765.91

Borrowing

Charlotte

15

$10,911,247.96

$14,506,393.05

$17,797,923.32

Borrowing

Chippewa Valy

59

$35,365,032.69

$36,925,096.63

$37,290,273.60

Repaying

Clarkston

28

$6,056,892.66

$1,889,766.50

$1,974,887.03

Borrowing

Clawson

11

$653,041.03

$710,222.62

$1,283,829.56

Borrowing

Climax-Scotts

2

$0.00

$0.00

$333,712.27

Borrowing

Clintondale

60

$21,092,437.99

$21,319,988.66

$20,472,495.72

Repaying

Comstock Park

34

$10,951,931.04

$10,977,266.61

$9,950,229.34

Repaying

Coopersville

19

$13,510,331.72

$14,645,450.06

$15,534,467.50

Borrowing

Dansville

9

$698,786.64

$442,097.63

$144,983.84

Repaying

Decatur

15

$4,214,954.01

$5,035,635.82

$6,283,290.35

Borrowing

Detroit

15

$279,446,577.57

$348,477,386.53

$417,445,765.42

Borrowing

DeWitt

13

$513,903.08

$521,860.17

$211,493.77

Repaying

Dexter

27

$1,069.64

$1,116.82

$941.15

Borrowing

Durand

5

$1,640,418.56

$2,397,409.92

$3,201,295.33

Borrowing

East G. Rapids

25

$3,957,164.51

$2,555,916.58

$385,144.13

Repaying

East Jackson

11

$1,118,033.31

$1,233,696.01

$964,350.15

Borrowing

Eaton Rapids

14

$2,409,436.81

$2,515,695.28

$2,628,255.90

Borrowing

Ecorse

28

$3,216,705.14

$10,285,505.88

$17,441,909.78

Borrowing

Ferndale

13

$3,665.14

$3,826.78

$337,451.51

Repaying

Flat Rock

30

$6,043,942.33

$7,810,335.32

$7,630,144.12

Repaying

Fowlerville

45

$17,094,804.84

$18,543,734.02

$19,373,482.21

Borrowing

Fraser

14

$6,856,626.95

$8,803,687.67

$10,939,357.96

Borrowing

Fremont

15

$3,649,300.51

$2,647,906.36

$832,286.22

Repaying

Genesee

37

$3,269,236.83

$3,404,570.22

$3,532,766.16

Repaying

Gobles

23

$519,733.31

$416,937.91

$435,717.38

Borrowing

Godfrey-Lee

28

$702,365.53

$1,246,488.12

$1,798,663.27

Borrowing

Goodrich

15

$4,988,811.36

$5,801,095.56

$5,371,352.99

Repaying

Grass Lake

24

$6,292,833.03

$5,849,570.29

$4,879,917.82

Repaying

Harper Creek

24

$12,864,318.56

$14,182,449.31

$15,020,430.12

Borrowing

Harper Woods

20

$6,795,599.70

$9,554,955.57

$10,972,103.33

Borrowing

Hartland

54

$10,427,948.06

$10,007,528.27

$8,442,877.91

Repaying

Haslett

58

$14,752,001.42

$14,227,655.09

$11,634,024.00

Repaying

Hesperia

17

$5,208,157.88

$5,438,078.69

$5,640,676.84

Repaying

Holton

19

$2,324,368.01

$2,538,530.26

$2,711,938.61

Repaying

Homer

14

$2,267,174.08

$2,921,928.63

$3,257,445.28

Borrowing

Hopkins

28

$413,057.46

$2,870.35

$0.00

Paid

Houghton-Port

38

$5,078,785.56

$5,724,003.72

$6,296,184.22

Borrowing

Hudsonville

14

$24,777,138.64

$28,372,429.38

$30,190,966.89

Borrowing

Huron

14

$3,027,415.65

$3,160,952.53

$2,531,611.23

Repaying

Inkster

60

$11,667,069.28

$0.00

$0.00

Paid

Ionia

38

$1,833,024.03

$1,424,863.16

$686,815.84

Repaying

Jonesville

26

$3,313,631.20

$3,601,569.79

$3,860,691.48

Borrowing

Kent City

27

$1,254,087.73

$1,442,998.59

$1,407,293.33

Repaying

L'Anse Creuse

20

$25,805,439.62

$24,939,308.59

$23,215,800.76

Borrowing

Laingsburg

34

$2,085,638.55

$1,945,584.32

$2,033,330.63

Borrowing

Lake Orion

25

$2,625,962.09

$2,742,162.75

$475,481.87

Paid

Lake Shore

9

$7,127,466.91

$7,282,413.76

$6,857,281.18

Repaying

Lakeview Co13

9

$3,391,832.46

$3,816,739.68

$5,101,627.21

Borrowing

Lincoln

15

$7,024,688.99

$10,119,879.26

$14,439,993.24

Borrowing

Manchester

24

$3,365,164.52

$1,745,887.36

$1,949,950.86

Borrowing

Martin

9

$1,190,962.12

$1,103,922.13

$1,153,625.00

Borrowing

Marysville

18

$14,848,057.36

$16,582,759.09

$17,802,792.98

Borrowing

Mattawan

5

$332,307.10

$0.00

$0.00

Borrowing

Mendon

21

$47,105.97

$51,724.45

$54,038.85

Borrowing

Meridian

7

$2,639,767.90

$3,574,813.94

$4,239,942.35

Borrowing

Milan

26

$40,905,935.57

$41,943,470.82

$42,361,036.66

Repaying

Montague

28

$7,212,539.55

$6,979,353.24

$7,444,796.18

Borrowing

Montrose

15

$2,019,574.16

$2,454,245.65

$3,966,695.20

Borrowing

Morenci

14

$1,599,157.72

$1,669,682.88

$1,207,927.11

Borrowing

Morrice

15

$1,065,021.87

$1,203,318.29

$1,777,999.23

Borrowing

Mt Clemens

23

$12,693,314.69

$10,290,226.84

$7,710,003.33

Repaying

MuskegonHeights

26

$9,285,738.78

$0.00

$0.00

Paid

New Haven

20

$12,593,511.45

$16,196,737.27

$19,582,965.09

Borrowing

New Lothrop

17

$144,306.51

$0.00

$0.00

Paid

North Branch

33

$9,122,415.42

$12,153,773.75

$12,903,357.42

Repaying

North Muskegon

22

$2,983,425.56

$3,060,335.02

$3,369,261.71

Borrowing

Oakridge

27

$1,155,825.83

$1,206,804.33

$1,260,800.79

Borrowing

Olivet

34

$667.81

$0.00

$0.00

Paid

Orchard View

22

$6,924,166.37

$7,303,131.75

$7,631,719.00

Borrowing

Otsego

21

$12,452,963.50

$21,349,170.95

$24,203,747.55

Borrowing

Ovid-Elsie

13

$4,604,452.34

$6,368,062.99

$7,950,048.52

Borrowing

Oxford

30

$8,600,497.79

$9,468,370.82

$9,892,157.30

Repaying

Parchment

18

$6,174,752.94

$7,764,094.43

$9,099,467.51

Borrowing

Paw Paw

30

$1,062.28

$351,748.19

$1,520,926.85

Borrowing

Pennfield

21

$1,442,238.32

$1,845,398.08

$2,228,327.10

Borrowing

Perry

34

$5,603,610.91

$5,998,212.90

$6,393,834.77

Borrowing

Pinckney

16

$10,513,314.03

$12,630,277.40

$10,462,562.14

Repaying

Plainwell

23

$10,772,406.57

$11,186,001.37

$8,704,746.26

Repaying

Portland

24

$341,004.10

$800,858.04

$924,665.46

Repaying

Potterville

25

$181,468.75

$239,005.86

$326,613.32

Repaying

Ravenna

17

$5,538,827.74

$6,638,973.27

$7,632,143.03

Borrowing

Reeths-Puffer

30

$18,101,344.76

$18,758,523.18

$18,691,865.22

Repaying

Romulus

13

$4,653,714.53

$2,278,754.95

$0.00

Paid

Roseville

6

$570,966.52

$0.00

$0.00

Paid

Saline

25

$7,842,682.80

$7,077,917.25

$5,512,167.77

Repaying

Saranac

36

$713,781.78

$519,887.80

$609,087.62

Borrowing

Schoolcraft

5

$703,466.32

$1,049,281.29

$1,257,571.99

Repaying

Shepherd

17

$16,859,048.08

$16,528,082.38

$16,032,931.97

Repaying

Sparta

7

$2,168,402.94

$3,025,756.41

$3,311,704.95

Borrowing

St Johns

15

$1,393,789.25

$1,748,753.51

$1,144,682.81

Repaying

Sturgis

25

$2,356,409.22

$2,060,411.19

$1,877,505.70

Repaying

Thornpple Kel

29

$5,608,243.91

$6,256,471.92

$5,266,932.77

Repaying

Trenton

6

$1,333,751.75

$1,392,588.16

$998,131.52

Repaying

Vestaburg

16

$857,926.83

$971,434.68

$1,922,088.63

Borrowing

Wayland Union

31

$3,766,746.05

$3,373,118.28

$3,258,491.01

Repaying

Webberville

36

$1,154,758.66

$1,642,786.57

$1,948,694.59

Borrowing

Western

13

$2,407,156.89

$4,614,933.89

$7,206,205.87

Borrowing

White Cloud

24

$586,415.95

$612,279.36

$170,212.57

Repaying

WhitmoreLake

22

$6,822,792.46

$8,160,769.91

$9,146,236.61

Borrowing

Williamston

29

$1,164,084.67

$2,272,604.54

$2,805,936.19

Borrowing

Willow Run

40

$18,626,002.50

$0.00

$0.00

Paid

Woodhaven

12

$1,465,538.92

$2,452,804.51

$3,076,890.40

Borrowing

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