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CFO reports tax collections, ARPA receipts and 15 weeks of cash; board sends finance report to audit
Summary
The Detroit Public Schools Community District finance chief reported Feb. 11 that tax collections for the district’s levies came in and that the district received final federal ARPA/ESSER grant payments in December, leaving the district with about 15 weeks of available cash in the general fund at the end of December.
The Detroit Public Schools Community District finance chief reported Feb. 11 that tax collections for the district’s levies came in and that the district received final federal ARPA/ESSER grant payments in December, leaving the district with about 15 weeks of available cash in the general fund at the end of December.
CFO overview Chief financial staff summarized revenue and expense lines: tax collections for both the 13‑ and 18‑mill levies were received, with operating‑debt…
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