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 & 2018-19 Fiscal Year Budgets
- General Fund Budget
- Food Service Budget
- Debt Budget
- Building and Site Budget
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
• Benefits by Bargaining Agreement
• McLaren Traditional (Admin only)
• McLaren HDHP (Admin only)
• MESSA Choices (Secretaries)
• MESSA Choices (Bus Drivers Only)
• MESSA Choices (Teachers Only)
• MESSA-ABC Plan I (Teachers & Secretaries)
• MESSA Choices (Teachers & Secretaries)
• MESSA ABC Plan 2 (Teachers)
• MESSA ABC Plan 3 (Para's, Bus Drivers, & ACA Eligible)
• Delta Dental (All Others)
• Delta Dental (Bus Drivers & Custodians)
• EyeMed (Admin only)
• Vision Plan 2 (All except Cash in Lieu of Insurance)
• Vision Plan 3 (Cash in Lieu of Insurance)
• Teamsters Plan 1025 (Custodians)
• Administration
• Life Insurance SET SEG
• Life Insurance UNUM
• LTD
• Bus Drivers
• Full Time Life Insurance
• Custodians
• Life Insurance
• LTD
• Secretary
• Full Time LTD
• Life Insurance with Health
• Life Insurance without Health
• Teacher
• Full Time LTD
• Part Time LTD
• Life Insurance with Health
• Life Insurance without Health
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.
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.
• 2018 List of Qualifying Employees
District Paid Association Dues
Dues and fees paid with district funds are limited to professional associations and student associations. Membership in professional associations provide added opportunities, resources, continuing education, and professional development. They also make it possible for our district to conduct business in more efficient ways. Participation in student associations results in scholarship opportunities for students.
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
- 2016-2017 Statement
Holt Public Schools reimbursed expenses to employees totaling $78,370.98 the fiscal year ending June 30, 2016. No expenses were reimbursed to Board of Education members.