Division of Finance

DPS is focused on creating a culture of excellence that permeates our system of schools. To do that, we are creating and maintaining an organization that totally accepts its responsibility for making DPS a top-rate school district. That begins with the budget, which is fiscally sound, balanced and focused on driving resources where they are most impactful—to our classrooms and our students. The FY 2012 budget drives 89 percent of resources directly to schools and school-related programming.

 

About our finances

The FY 2012 Adopted Budget and its spending plan addresses the primary goals of the academic plan to ensure equity of access to high quality instruction for all students while maximizing financial resources.

Consistent with the core academic plan, we will remain vigilant to core instruction in mathematics and literacy across all grades. Our five-year Academic Plan champions change for Detroit Public Schools by setting clear goals based on recommendations from a series of studies and from citizens across the community. This ambitious plan raises the expectations for our students, parents and community at large. It guarantees the creation of Centers of Excellence at Every School for Every Child, Every Day, in Every Neighborhood across Detroit Public Schools.

The budget is based on 60,568 general education students and 5,792 special education students representing a total membership for state aid purposes of 66,360.  Revenues for the FY 2012 Operating Budget total $1,237,494,733 while the operating expenses total $1,037,494,733.  The Budget uses $200 million in one-time long-term bonds to reduce the current General Fund deficit.  The FY 2012 Budget for total school and related programming and operating costs total $925,716,109 or 89 percent of the total annual budget.

 

Resources

• Financial Data & Reports
• Budget and Salary/Compensation Transparency Reporting
• Roy S. Roberts letter to community and parents on finances

2011 – 2012 Financial Reports

• Fiscal Year 2012 Adopted Budget
• Fiscal Year 2012 Proposed Budget
• Certain Reimbursement Agreement and Certificate of Set Aside Requirements
  • July 2011
  • August 2011
  • September 2011
  • October 2011
  • November 2011
  • December 2011
  • January 2012

 

News about our finances

• Detroit Public Schools generates annual operating surplus, reduces legacy deficit by $43 million, focuses resources on high standards in a rigorous curriculum
• DPS enrolls 66,007 students—73,306 including charter and Pre-K, exceeds budget projection and turns back five-year enrollment trend
• DPS completes $244.9 million financing after receiving “A+” credit rating, completing a key element of district’s financial turnaround plan
• Detroit Public Schools budget cuts costs, positions while driving more resources into classrooms and reducing class size at most grade levels

More news about our finances »