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DPSCD finance report shows weeks of cash on hand; public raises questions about summer school funding and superintendent salary
Summary
The district’s finance presenter reported cash and debt timing; during public comment parents and community members pressed the board about summer school funding, library staffing, swim instruction and the superintendent’s salary.
Detroit Public Schools Community District staff reviewed financials through February and reported the district is slightly ahead on federal revenue, slightly behind on local receipts due to timing, and holds roughly 14.2 weeks of cash on hand, a district presenter told the board.
During the finance report, the presenter said the next capital debt payment is expected in April at about $143,000,000 and that the district made required interest‑only operating debt payments in March and remains on track for the repayment schedule through September 2026. The presenter told the board district curriculum materials purchases explain higher‑than‑planned expenditures…
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