Budget & Salary Compensation Transparency Report

The Annual Budget and Salary/Compensation Transparency Reporting legislation is an opportunity for the Holt Public School District to share, with the public, information on how resources are utilized.

The legislation represents an amendment to the State School Aid Act (Public Act 94 of 1979) and requires each Michigan school district and intermediate school district to post the following budgetary information on its website.

Fiscal Year Board-Approved Budgets

Holt Public School District's budget is adopted by a publicly elected local board of education no later than June 30 of each year. This budget is posted on the website within 30 days of adoption.  Any subsequent budget amendments are also posted within 30 days.

2017-18 Fiscal Year Budgets

Expenditures

Because schools are a service industry, the largest share of every school's expenditures is salaries and benefits.  Operational expenditures include but are not limited to instructional resources, fuel, maintenance, and technology.

Current Bargaining Agreements

Employer Sponsored Health Care / Life Insurance Plans

Audited Financial Statements

Each year, Holt Public School District is required to hire an independent auditor to complete a comprehensive audit which evaluates and reports on the financial condition of the district. The audit includes a thorough analysis of all business operations as well as a compliance reveiw for the requirements of the many programs we operate.

 

• 2016-2017 Financial Statement

Medical Benefit Plan Bids

Employee Compensation Information

This section will include compensation information for the superintendent and any employee whose salary exceeds $100,000 annually.  For purposes of this reporting, salary is defined as Medicare wages for the fiscal year.

• 2016 List of Qualifying Employees

District Paid Lobbying Costs

• There were no district paid lobbying costs for 2016-17

District Paid Out-of-State Travel Information

  • There was no out-of-state travel paid by the district to report in 2016-2017

Approved Deficit Elimination Plan

  • The District has not incurred a deficit and thus does not require a deficit elimination plan.

Statement of Reimbursed Expenses

  • 2015-2016 Statement

Holt Public Schools reimbursed expenses to employees totaling $79,912.71 the fiscal year ending June 30, 2016. No expenses were reimbursed to Board of Education members.

District Credit Card Information

Procurement and Reimbursement Policies

 

 

MI School Data Website:  www.mischooldata.org