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South Redford board authorizes state aid note to cover 2026–27 cash flow
Summary
The South Redford Board of Education voted 7–0 on June 22, 2026, to authorize one or more state aid notes to ensure timely funding for the 2026–27 school year, citing finance projections and state statute as the legal basis.
The South Redford School District Board of Education voted 7–0 on June 22, 2026, to authorize the district to obtain one or more state aid notes to cover anticipated cash-flow needs for the 2026–27 school year.
Mr. Kin, speaking on behalf of Superintendent Jason Robertsky, told the board the action follows finance projections presented June 8 and is intended to "ensure timely funding of school operations." He cited "section 12258 of act 451, public acts of Michigan 1976 as amended" as the statutory authority that allows a district to obtain a state aid note that is repaid when the district receives its state school-aid appropriations.
The legal resolution considered by the board was prepared by outside counsel (identified in the transcript as Miller Canfield). The board moved the resolution during the meeting; Mrs. Flesher moved and Mrs. Hicks supported the adoption. The roll call recorded seven yes votes and zero nays, and the resolution was adopted.
Board materials referenced a June 8 briefing from Director of Finance Mickey Bur on district cash-flow projections and plans for the 2026–27 fiscal year. The adopted authorization gives district leaders the ability to secure short-term borrowing to bridge timing differences between expenditures and receipt of state aid; repayment is contingent on receipt of state school-aid appropriations.
The resolution was adopted during the meeting; no additional procedural steps or implementation dates were specified in the minutes. The board adjourned at 6:42 p.m.
