2015-2016 ESP Transparency Expenditure Report

Educational Service Provider: Transparency Expenditure Report

School District: Merritt Academy (50906)

Fiscal Year: 2015-2016

Educational Service Provider Expenditures
Salaries (1xxx) $2,567,292 76.59%
Employee Benefits (2xxx) $784,844 23.41%
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 $3,352,136 100.00%

Total expenditures reported in ESP file $3,352,136 100.0%

Report based on district's 2016 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.

Report Date: 10/30/2016