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Board hears updates on non-homestead millage campaign, summer tax collection fees and International Academy budget
Summary
District staff outlined a public outreach campaign for the non-homestead millage, materials and ballot information for the Aug. 4 election; explained summer tax-collection fees that accelerate receipts (primary township cost ~$112,000) and said an International Academy IB budget (30 students) will come back for action after staff reduce two positions to improve fund balance.
District staff updated the Waterford Board of Education on three finance-related items.
Operating millage campaign: Karen Hildebrand and communications staff said the non-homestead millage public campaign launched the week of April 27. The district created a web page with ballot language, FAQ, a toolkit for principals, social posts and a short "true/false" video to clarify differences between the district’s non-homestead millage and a separate Oakland County enhancement millage that appears on the Aug. 4 ballot. Staff said lawn signs, overpass banners and additional outreach events will follow the Fourth of July holiday.
Summer tax-collection fees: Hildebrand explained that the district levies non-homestead and debt taxes in July and pays collection fees to get proceeds sooner and avoid borrowing against state-aid cash flow. This year the primary township cost is about $112,000; the July levy brings roughly $16–17 million in proceeds, which helps with the district’s fall operating needs. Staff said they will bring action on fees at a future meeting and discussed how splitting collection could shift billing timing for residents.
International Academy (IB) budget: Hildebrand delivered the annual IA campus budget information: approximately 30 Waterford students participate and, under the cooperative agreement, Waterford pays 110% of foundation allowance per student. The IA proposed budget reduces two positions to move its fund balance toward about 5%; staff said the IA budget will return for board action at the next full meeting.
