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Finance committee hears budget update; staff flags ESSER cliff, MPSERS and health-insurance uncertainties
Summary
At its March 24 meeting the Grand Rapids Public Schools finance presenter reviewed fund accounting, COVID-era ESSER spending, retirement and health-insurance pressures and contingency planning ahead of Lansing budget decisions.
Rhonda Griggs, presenting for district finance staff to the Grand Rapids Public Schools Finance Committee on March 24, reviewed the district’s fund accounting, COVID-era federal grants, projected use of fund balance and several state-level uncertainties that could affect next year’s budget.
Griggs told the committee the district used funds from multiple COVID-era grants over recent years and said, “We did fully expend all of our our COVID funding.” She described the ESSER grants and related federal funding as temporary and said the district has focused on one-time uses where possible to avoid unsustainable operating commitments.
Griggs said changes in retirement and health-insurance policy remain risks. She described a state law change that this year reimbursed…
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