Michigan Association of School Administrators

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MDE shares early warning indicators of financial stress

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The Michigan Department of Education (MDE) is charged with the responsibility of monitoring Michigan public schools to ensure compliance with various state and federal laws related to prudent financial management and reporting on the use of public funds. In addition to this specific charge, Mike Flanagan, our State Superintendent, along with State Board of Education encouragement, prompted this memorandum to alert districts and local boards of education to early warning indicators of financial stress that could prove beneficial in making difficult financial decisions.

http://www.michigan.gov/documents/mde/Financial_Stress_411546_7.pdf

In the memo, the MDE provides links to two software vendors that offer tools using state datasets (data reported by districts to the state) that may help in monitoring the fiscal health of a school district.

MASA is happy to note that Munetrix and Masadda are both affiliates with MASA; Munetrix has also partnered with MASA, MASB and MSBO.