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Board accepts November financial report; approves settlements and administrative terminations

Detroit Public Schools Community District Board of Education
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Summary

CFO Jeremy Verdito presented the November financial report showing stronger-than-expected revenues and moderated expenses; the board accepted the report and later voted to approve settlement recommendations from general counsel and administrative terminations for job abandonment after a closed-session review.

CFO Jeremy Verdito presented financial results through November, reporting higher-than-expected revenues driven by private donations, increased state revenue and federal reimbursements tied to COVID relief funding, offset in part by one-time personnel payments such as hazard pay.…

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