Financial Information

Budget and Salary Compensation Transparency Reporting

Section 18 (2) of 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 its annual operating budget or any subsequent revision to that budget. The Annual Budget and Transparency Reporting is an opportunity to communicate to our community how we utilize the resources that are provided to us.

We are required to post the following information on our website.

Section 1: Fiscal Year Board Approved Budget

2025-2026 Original Budget
2024-25 Amended Budget
2024-25 Projected Budget
2023-24 Final Budget
2023-24 Projected Budget
2022-23 Projected Budget
2021-22 Final Budget
2021-22 Projected Budget
2020-21 Final Budget
2020-21 Projected Full Budget
2019-20 Final Budget
2019-20 Projected Full Budget
2018-19 Amended Full Budget
2018-19 Projected Full Budget
2017-18 Amended Approved Budget
2017-18 Board Approved Budget/Amendment
MLK 2016-17 Final Budget
MLK 2017-18 Projected Full Budget
MLK 2016-17 Amended Approved Budget (February 2017)
MLK 2016-17 Original Budget
MLK 2015-16 Final Budget
2015-16 Original Budget
2015-16 Projected Operating Budget
2014-15 Projected Operating Budget
2013-14 Charter Amended Budget
2012-13 Amended Operating Budget
2011-12 Final Operating Budget
2010-11 Board Approved Budget

Section 2: Personnel Expenditures

2023-24 Personnel Expenditures Pie Chart
2022-23 Personnel Expenditures Pie Chart
2021-22 Operating Personnel Pie Chart
2020-21 Operating Personnel Pie Chart
2019-20 Personnel Expenditures Pie Chart
2017-18 Personnel Expenditures Pie Chart
2016-17 Personnel Expenditures Pie Charts
2015-16 Personnel Expenses Pie Chart
2014-15 Personnel Expenditures

Section 3: Current Operating Expenditures

2023-24 Operating Expenditures Pie Chart
2022-23 Operating Expenditures Pie Chart
2021-22 Operating Expenditures Pie Chart
2020-21 Operating Expenditures Pie Chart
2019-20 Operating Expenditures Pie Chart
2017-18 Operating Expenditures Pie Chart
2016-17 Operating Expenses Pie Chart
2015-16 Operating Expenses Pie Chart
2014-15 Operating Expenditures
2012-13 Operating Expenditures

Section 4: Current Bargaining Agreements

The District currently has no collective bargaining agreements.

Section 5: Employer Sponsored Health Care Plans

View Employer Sponsored Health Care Plans

Section 6: Audited Financial Statements

2023-24 Audited Financial Report
2022-23 Audited Financial Report
2021-22 Audited Financial Report
2020-21 Audited Financial Report
2019-20 Audited Financial Report
2018-19 Audited Financial Report
2017-18 Audited Financial Report
2016-17 Audited Financial Statements
2015-16 Audited Financial Statements
2014-15 Audit Report
2012-13 Audit Report

Section 7: Medical Benefit Plan Bids

MLK has no bids.

Section 8: Procurement Policy

View Purchase Policy

Section 9: Expense Reimbursement Policy

View Expense Reimbursement Policy

Section 10: Statement of Reimbursed Expenses

2023-24 Statement of Reimbursed Expenses
2022-23 Statement of Reimbursed Expenses
2021-22 Statement of Reimbursed Expenses
2020-21 Statement of Reimbursed Expenses
2019-20 Statement of Reimbursed Expenses
2018-19 Statement of Reimbursed Expenses
2017-18 Statement of Reimbursed Expenses
2016-17 Statement of Reimbursed Expenses
2015-16 Statement of Reimbursed Expenses
2014-15 Reimbursement Statement

Section 11: Employee Compensation Information

In accordance with Michigan compiled Laws and Michigan Department of Education's Budget and Salary/Compensation Transparency Reporting requirements, Martin Luther King Jr. Education Center Academy provides the following information regarding staff compensation.

Average salary for teachers: $51,189
Average salary for support staff: $32,732