Address
27321 Hampden St.
Madison Heights, MI 48071
Get in touch
248-629-7700
info@keysacademies.com
Budget and Financial Transparency
At KEYS Grace Academy, we are committed to transparency and accountability in our financial operations. In compliance with Section 18 (2) of the Public Act 94 of 1979, The State School Aid Act, we ensure that the following crucial information is readily available to our community.
TRANSPARENCY REPORTING
Section 18 (2) of the Public Act 94 of 1979, The State School Aid Act, has been amended, which requires each school district and intermediate school district to post certain information on its website within 30 days after a board adopts it annual operation budget or any subsequent revision to that budget. The following information is required by law to be posted on all school websites:
(1) The annual operating budget and subsequent budget revisions.
(2) Using data that has already been collected and submitted to the Michigan Department of Education (MDE), a summary of district or intermediate district expenditures for the most recent fiscal year for which they are available, expressed in the following two (2) pie charts which were proved for the general fund of the district or intermediate district by the Center for Educational Performance and Information (CEPI):
(a) A chart of personnel expenditure broken down into the following subcategories:
(1) Salaries and Wages
(2) Employee benefit costs, including, but not limited to, medical, dental, vision, life, disability, and long term care benefits.
(3) Retirement benefits costs
(4) All other personnel costs
(b) A chart of all district expenditures, broken into the following subcategories:
(1) Instruction
(2) Support Services
(3) Business and administration
(4) Operations and Maintenance
(3) Links to all of the following:
(a) The current collective bargaining agreement for each bargaining unit
(b) Each health care benefits plan, including, but not limited to, medical, dental, vision, disability, long-term care, or any other type of benefits that would constitute health care services, offered to any bargaining unit or employee in the district
(c) The audit report of the audit conducted for the most recent fiscal year for which it is available.
(4) The total salary and a description and cost of each fringe benefit included in the compensation package for the superintendent of the district or intermediate district and for each employee of the district whose salary exceeds $100,000
(5) The annual amount spent on dues paid to associations
(6) The annual amount spent on lobbying services New Requirements per the July 24th, 2014 Memorandum:
(7) The most recent state approved deficit elimination plan
(8) Information on all credit cards maintained by the district
(9) Information on out-of-state travel by district administration
(10) Bids required under section 5 of the public employee health benefits act, 2007 PA 106, MCL 124.75.
(11) The district’s written policy governing procurement of supplies, materials, and equipment
(12) The district’s written policy establishing specific categories of reimbursable expenses, as described in Section 1254(2) of the revised school code, MCL 380.1254
(13) Either the district’s accounts payable check register for the most recent school fiscal year or a statement of the total amount of expenses incurred by board members or employees of the district that were reimbursed by the district for the most recent fiscal year
23g MI Kids Back on Track Grant (plan, contact information and budget)
Planned Use Of Funds UPDATED 9/26/22 (ESSER)
Open Bids
Closed Bids
Music Instruments, Equipment, and Materials
Academy Budgets
2024-2025 Board Approved Preliminary Operating Budget
2023-2024 Board Approved Final Budget
2023-2024 Board Approved 1st Amended Operating Budget
2023-2024 Board Approved Preliminary Operating Budget
2022-2023 Board Approved Final Budget
2022-2023 Board Approved 1st Amended Operating Budget
2022-2023 Board Approved Preliminary Operating Budget
2021-2022 Board Approved Final Operating Budget
2021-2022 Board Approved 1st Amended Operating Budget
2021-2022 Board Approved Preliminary Operating Budget
2020-2021 Board Approved Final Budget
2020-2021 Board Approved 1st Amended Operating Budget
2020-2021 Board Approved Preliminary Operating Budget
2019-2020 Board Approved Final Budget
2019-2020 Board Approved 1st Amended Operating Budget
2019-2020 Board Approved Preliminary Operating Budget
Special Fund Budgets
2024-2025 Board Approved Food Service Preliminary Operating Budget
2023-2024 Board Approved Food Service Final Budget
2023-2024 General Appropriations Resolution 1st Amended Food Service Budget
2023-2024 General Appropriations Resolution Food Service Budget
2022-2023 General Appropriations Resolution Food Service Final Budget
2022-2023 General Appropriations Food Service Budget
2021-2022 General Appropriations Food Service Final Budget
2021-2022 General Appropriations Food Service Budget
2020-2021 General Appropriations Resolution Food Service Final Budget
2020-2021 General Appropriations Resolution Food Service
2019-2020 General Appropriations Resolution Food Service Final Budget
2019-2020 General Appropriations Resolution Food Service Amended Budget
2019-2020 General Appropriations Resolution Food Service Debt
AUDIT REPORT
2023-2024 Audited Financial Statements
2023-2024 Audit Governance Letter
2022-2023 Audited Financial Statements
2022-2023 Audit Governance Letter
2022-2023 Audit Management Letter
Expenditure Reports
2023-2024 Budget Transparency Personnel Expenditures Chart
2023-2024 Educational Service Provider Transparency Expenditure Chart
2023-2024 Budget Transparency Operating Expenditures Chart
2023-2024 Educational Service Provider Operating Expenditures Chart
2022-2023 Budget Transparency Operating Expenditures Chart
2022-2023 Budget Transparency Personnel Expeditures Chart
2022-2023 Educational Service Provider Operating Expenditures Chart
2022-2023 Educational Service Provider Transparency Expenditure Chart
2021-2022 Budget Transparency Operating Expenditures Chart
2021-2022 Budget Transparency Personnel Expenditures Chart
2021-2022 Educational Service Provider Operating Expenditures Chart
2021-2022 Educational Service Provider Transparency Expenditure Chart
2020-2021 Educational Service Provider Transparency Pie Chart
2020-2021 Educational Service Provider Operations Expenditure Pie Chart
2020-2021 Budget Transparency Operating Expenditures Pie Chart
2020-2021 Budget Transparency Personnel Expenditures Pie Chart
2019-2020 Budget Transparency Personnel Expenditures Pie Chart
2019-2020 Budget Transparency Operating Expenditures Pie Chart
2019-2020 Educational Service Provider Operations Expenditures Pie Chart
2019-2020 Educational Service Provider Transparency Pie Chart
Salary Information
Staff Reimbursement Reports
2021-2022 Staff Reimbursements
2021-2022 Staff Reimbursements
98b GOAL SUBMISSION REPORT
2023-2024 Benchmark Assessment Report Math &
Reading
Spring 2022-2023 Benchmark Assessment Report Math & Reading
Winter 2022-2023 Benchmark Assessment Report
Fall 2022-2023 Benchmark Assessment Report
Spring 2021-2022 Benchmark Assessment Report
Technology Lease Agreements
Elite Imaging Copier Service Agreement
AT&T Internet, Voice, Fiber Service Agreement
Food Inspection
Food Service Health Inspection
Certificate of Occupancy
Boiler Inspection
Fire Inspection
Asbestos Inspection
Annual Education Reports
Description of Educational Program and Educational Goals
Collective Bargaining Agreement: Neither the PSA nor its Educational Service Provider is party to a collective bargaining agreement.
Health Care Benefits Plan: Not applicable – the PSA has no employees. School staff are employees of the Educational Service Provider
Medical Benefits Plan Bids- We do not request bids
Deficit Elimination Plan: The PSA has not incurred a deficit and is not subject to a Deficit Elimination Plan.
Credit Cards Maintained by the District: The PSA does not issue credit cards.
PROCUREMENT POLICY AND PROCEDURES
District Paid Association Dues-
2017-2018 $1185 MAPSA Membership
2018-2019 $1790 MAPSA Membership
2019-2020 $1924 MAPSA Membership
2020-2021 $1928 MAPSA Membership
2021-2022 $1932 MAPSA Membership
2022-2023 $2874 MAPSA Membership
District Paid Lobbying Costs-
There were no district paid lobbying costs for 2022-2023
Out-of-State Travel Information- There was no out-of-state travel to report in 2022-2023
EDUCATOR EVALUATION (TEACHER/LEADER) ASSURANCE
Teacher Evaluation Model (Marzano)
School Leader Evaluation Model (Marzano)
ADDITIONAL TRANSPARENCY INFORMATION
2022-2023 Completed Fire, Tornado, and Shelter Drills
Charter Contract, Services Agreement, & Lease
Previous Budgets:
2018-2019 Board Approved Final Budget
2018-2019 Board Approved 1st Amended Operating Budget
2018-2019 Board Preliminary Operating Budget
2017-2018 Board Approved 2nd Revised (Final) Operating Budget
2017-2018 Board Approved 1st Revised Operating Budget
2017-2018 Board Approved Preliminary Operating Budget
2016-2017 Board Approved 2nd (Final) Revised Operating Budget
2016-2017 Board Approved 1st Revised Operating Budget
2016-2017 Board Approved Preliminary Operating Budget
2015-2016 Board Approved Preliminary Operating Budget
2015-2016 Board Approved 1st Revised Operating Budget
2015-2016 Board Approved 2nd (Final) Revised Operating Budget
Previous Expenditure Reports:
2018-2019 Budget Transparency Personnel Expenditures Pie Chart
2018-2019 Educational Service Provider Operating Expenditures Pie Chart
2018-2019 Educational Service Provider Transparency Pie Chart
2018-2019 Budget Transparency Operating Expenditures Pie Chart
2017-2018 Educational Service Provider Operating Expenditures Pie Chart
2017-2018 Educational Service Provider Transparency Expenditures Pie Chart
2017-2018 Budget Transparency Operating Expenditures Pie Chart
2017-2018 Budget Transparency Personnel Expenditures Pie Chart
2016-2017 Educational Service Provider Operating Expenditures Pie Chart
2016-2017 Educational Service Provider Transparency Expenditures Pie Chart
2016-2017 Budget Transparency Operating Expenditures Pie Chart
2016-2017 Budget Transparency Personnel Expenditures Pie Chart
2015-2016 Educational Service Provider Transparency Expenditures Pie Chart
2015-2016 Educational Service Provider Operating Expenditures Pie Chart
2015-2016 Budget Transparency Operating Expenditures Pie Chart
2015-2016 Budget Transparency Personnel Expenditures Pie Chart
