Basics of School Funding

Basics of School Funding
Posted on 07/09/2021
School Funding










General Fund  	Teachers 	Curriculum 	Athletics 	All Employees 	Class Size Ratio 	International Baccalaureate Programming 	Supplies & Materials 	 - 6 mills Levied on Homestead – Required to be levied to receive State Aid 	 - 10.9013 Levied on Non-Homestead 	 - Funds Day-to-Day Operations 	 - Local, State, and Federal Sources 	 - At-Risk and Special Education Funding Supplementals  Bonds  	Student Computers 	Technology 	Hotspots 	Bus Replacement 	New Facilities, when needed 	 - Additional mills Levied on All Properties 	 - Restricted Use of Funds 	 - Paid Back with Interest 	 - Three-Year Rotation 	 - Projects Not Funded Come Out of General Fund  Sinking Fund  	Roof Repairs 	Paint & Carpet 	Doors & Locks 	Wiring & Plumbing 	Infrastructure 	 - Additional mills Levied on All Properties 	 - Restricted Use of Funds for Facilities and Grounds Only 	 - Three-Year Rotation 	 - .3 mills or $30.00 on $100,000 Taxable Value 	 - Projects Not Funded Come Out of General Fund

Sinking Fund Millage 

Important Facts Election Day  

Tuesday, August 3, 2021  

LPS is asking voters to return a Sinking Fund Millage to its funding rotation which  provides about $196,000 per year for three years. LPS first asked voters for a Sinking Fund in 2007, and voters have renewed the three-year Sinking Fund in 2009, 2012, and 2015. With the passage of the construction bond in 2018, LPS did not ask for a Sinking Fund millage in the last two years.  

Over the years, LPS has used the Sinking Fund millage to fund a variety of upgrades inside and  outside of the building. The money was used to replace old carpet and tile flooring, repaint large  sections of the high school, and upgrade sections of the existing building to LED lighting. Doors and windows were replaced making the building more secure and energy efficient. The Sinking Fund was used to upgrade the school’s generator, to install security cameras, to repave parking lots, and to replace sidewalks. In partnership with Leland Township, Hancock Field has seen multiple improvements to the playing fields and parking lot and a new concession stand and bathrooms were constructed, all funded with sinking fund dollars . 

The 2021-2023 Sinking Fund would allow LPS to resume the schedule of routine maintenance and fund improvements to our facilities and property including:

  • Continuing to replace old lighting with more energy efficient and cost effective LED lights  
  • Upgrade classrooms and science labs
  • Renovate the old media center to include access to technology hubs and create collaborative work spaces
  • Replace old HVAC units
  • Repair existing roof 
  • Develop a field-trip bunk house on the N. Manitou Island school property
  • Upgrade existing exterior signage
  • Upgrade sound and lighting systems in the performance arts center
  • Upgrade weight room to all-purpose fitness room



BASICS OF SCHOOL FUNDING

General Fund

Teachers
Curriculum
Athletics
All Employees
Class Size Ratio
International Baccalaureate Programming
Supplies & Materials
- 6 mills Levied on Homestead – Required to be levied to receive State Aid
- 10.9013 Levied on Non-Homestead
- Funds Day-to-Day Operations
- Local, State, and Federal Sources
- At-Risk and Special Education Funding Supplementals

Bonds

Student Computers
Technology
Hotspots
Bus Replacement
New Facilities, when needed
- Additional mills Levied on All Properties
- Restricted Use of Funds
- Paid Back with Interest
- Three-Year Rotation
Projects Not Funded Come Out of General Fund

Sinking Fund

Roof Repairs
Paint & Carpet
Doors & Locks
Wiring & Plumbing
Infrastructure
- Additional mills Levied on All Properties
- Restricted Use of Funds for Facilities and Grounds Only
- Three-Year Rotation
- .3 mills or $30.00 on $100,000 Taxable Value
Projects Not Funded Come Out of General Fund
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