Educational Service Provider: Transparency Expenditure Report

School District: Tipton Academy (82754)

Fiscal Year: 2014-2015

Educational Service Provider Expenditures
Salaries (1xxx) $1,216,738 74.38%
Employee Benefits (2xxx) $419,011 25.62%
Rentals (42xx) $0 0.00%
Purchased Services (3xxx) $0 0.00%
Repairs & Maintenance (41xx) $0 0.00%
Supplies and Materials (5xxx) $0 0.00%
Capital Outlay (6xxx) $0 0.00%
Other Expenditures, Dues and Fees (74xx) $0 0.00%
Total from above $1,635,749 100.00%
Total expenditures reported in ESP file $1,635,749 100.0%

Report based on district's 2015 Financial Information Database (FID) submission.

Caution should be used when using these financial data. Sound conclusions can only be drawn when the data elements are used in proper context. The ESP expenditure costs reported to the charts above are based on objects codes in the ESP file as submitted to the Financial Information Database (FID). Districts are required by law (MCL 380.1281) to follow a common chart of accounts published as the

Michigan Public School Accounting Manual when reporting financial data. Definitions for each of the object codes listed in the charts above may be found in the Manual available at: http://www.michigan.gov/documents/appendix_33974_7.pdf.

More district financial information can be found online at www.michigan.gov/cepi.

Educational Service Provider: Transparency Expenditure Report

School District: Tipton Academy (82754)

Fiscal Year: 2013-2014

Educational Service Provider Expenditures
Salaries (1xxx) $778,954 73.84%
Employee Benefits (2xxx) $276,008 26.16%
Rentals (42xx) $0 0.00%
Purchased Services (3xxx) $0 0.00%
Repairs & Maintenance (41xx) $0 0.00%
Supplies and Materials (5xxx) $0 0.00%
Capital Outlay (6xxx) $0 0.00%
Other Expenditures, Dues and Fees (74xx) $0 0.00%
Total from above $1,054,962 100.00%
Total expenditures reported in ESP file $1,054,962 100.0%

Report based on district's 2014 Financial Information Database (FID) submission.

Caution should be used when using these financial data. Sound conclusions can only be drawn when the data elements are used in proper context. The ESP expenditure costs reported to the charts above are based on objects codes in the ESP file as submitted to the Financial Information Database (FID). Districts are required by law (MCL 380.1281) to follow a common chart of accounts published as the

Michigan Public School Accounting Manual when reporting financial data. Definitions for each of the object codes listed in the charts above may be found in the Manual available at: http://www.michigan.gov/documents/appendix_33974_7.pdf.

More district financial information can be found online at www.michigan.gov/cepi.

Budget Transparency Report: Operating Expenditures

School District: Tipton Academy (82754)

Fiscal Year: 2014-2015

Fund: General Fund (11)

Operating Expenditures Instructional Expenditures (1xx,293) $1,498,516 52.10 %
Pupil Support Services (21x) $5,872 0.20 %
Instructional Staff Support Services (22x) $14,366 0.50 %
General Administration (23x) $357,487 12.43 %
School Administration (24x) $248,335 8.63 %
Business Services (25x) $295,540 10.27 %
Operations and Maintenance (26x) $213,208 7.41 %
Transportation (27x) $6,191 0.22 %
Central & Other Support Services (28x, 291,292,295,299) $15,793 0.55 %
Total Current Operating Expenditures $2,655,308 92.31 %
Remaining Expenditures Community Services (3xx) $56,009 1.95 %
Facilities Acquisitions (45x), Debt Service (51x) and Capital Outlay $154,451 5.37 %
Other Transactions (41x-44x, 49x) $0 0.00 %
Fund Modification (6xx) $10,593 0.37 %
Total General Fund Expenditures $2,876,361 100.00 %

*For charting purposes, Remaining Expenditures is defined as function codes 3xx through 6xx.

Report based on district's2015 Financial Information Database (FID) submission.

Caution should be used when using these financial data. Sound conclusions can only be drawn when the data elements are used in proper context. The operational expenditure costs reported to the charts above are based on function codes as submitted to the Financial Information Database (FID). Districts are required by law (MCL 380.1281) to follow a common chart of accounts published as the Michigan

Public School Accounting Manual when reporting financial data. Definitions for each of the object codes listed in the charts above may be found in the Manual available at: http://www.michigan.gov/documents/appendix_33974_7.pdf.

Please note that Capital Outlay, an object category, was extracted from functional categories and reported with Facilities Acquisitions and Debt Service.

More district financial information can be found on-line at www.michigan.gov/cepi.

Budget Transparency Report: Operating Expenditures

School District: Tipton Academy (82754)

Fiscal Year: 2013-2014

Fund: General Fund (11)

Operating Expenditures
Instructional Expenditures (1xx,293) $1,021,488 53.20 %
Pupil Support Services (21x) $5,889 0.31 %
Instructional Staff Support Services (22x) $15,080 0.79 %
General Administration (23x) $237,888 12.39 %
School Administration (24x) $142,546 7.42 %
Business Services (25x) $150,874 7.86 %
Operations and Maintenance (26x) $132,096 6.88 %
Transportation (27x) $4,299 0.22 %
Central & Other Support Services (28x, 291,292,295,299) $7,693 0.40 %
Total Current Operating Expenditures $1,717,853 89.47 %
Remaining Expenditures Community Services (3xx) $18,770 0.98 %
Facilities Acquisitions (45x), Debt Service (51x) and Capital Outlay $177,532 9.25 %
Other Transactions (41x-44x, 49x) $0 0.00 %
Fund Modification (6xx) $5,846 0.30 %
Total General Fund Expenditures $1,920,001 100.00 %

*For charting purposes, Remaining Expenditures is defined as function codes 3xx through 6xx.

Report based on district's2014 Financial Information Database (FID) submission.

Caution should be used when using these financial data. Sound conclusions can only be drawn when the data elements are used in proper context. The operational expenditure costs reported to the charts above are based on function codes as submitted to the Financial Information Database (FID). Districts are required by law (MCL 380.1281) to follow a common chart of accounts published as the Michigan

Public School Accounting Manual when reporting financial data. Definitions for each of the object codes listed in the charts above may be found in the

Manual available at: http://www.michigan.gov/documents/appendix_33974_7.pdf..

Please note that Capital Outlay, an object category, was extracted from functional categories and reported with Facilities Acquisitions and Debt Service.

More district financial information can be found on-line at www.michigan.gov/cepi.br>

Budget Transparency Report: Personnel Expenditures

School District: Tipton Academy (82754)

Fiscal Year: 2014-2015

Fund: General Fund (11)

Personnel Expenditures
Salary (1xxx) $0 0.00 %
Employee Insurance Benefits (21xx) $0 0.00 %
FICA/Retirement/Unemployment/WC (28xx) $0 0.00 %
Other Personnel Expenditures (22x - 24xx, 29xx) $0 0.00 %
Total Personnel Expenditures $0 0.00 %
Remaining Expenditures
Professional and Technical Purchased Services (31xx) $2,044,711 71.09 %
Client/Pupil Transportation Purchased Services (33xx) $3,200 0.11 %
Other Purchased Services (32xx, 34xx - 4xxx) $403,607 14.03 %
Supplies and Materials (5xxx) $205,210 7.13 %
Capital Outlay (6xxx) $154,451 5.37 %
Other Expenditures (7xxx) $54,588 1.90 %
Payments to Other Public School Districts(82xx) $0 0.00 %
Fund Modifications (81xx) $10,593 0.37 %
Other Transactions (83xx - 89xx) $0 0.00 %
Total General Fund Expenditures $2,876,360 100.00 %

* For charting purposes, Purchased Services is defined as object codes 3xxx-4xxx and 82xx. ** For charting purposes, Other Expenditures is defined as object codes 7xxx, 81xx and 83xx-89xx.

Report based on district's 2015 Financial Information Database (FID) submission.

Caution should be used when using these financial data. Sound conclusions can only be drawn when the data elements are used in proper context. As one example; many districts outsource some or all educational functions to other entities. As a result, the district may not incur direct employee salary and benefits for certain functions. The costs instead will appear in the purchased service category.

While a district that hires its entire staff as district employees will include all the associated costs under a combination of salary and benefit ccounts.

The personnel expenditure costs reported to the charts above are based on object codes as submitted to the Financial Information Database (FID). Districts are required by law (MCL 380.1281) to follow a common chart of accounts published as the Michigan Public School Accounting Manual when reporting financial data. Definitions for each of the object codes listed in the charts above may be found in the

Manual available at: http://www.michigan.gov/documents/appendix_33974_7.pdf.

Additional district financial information can be found on-line at www.michigan.gov/cepi