The Detroit Public Schools Community District reports that its auditors have identified no findings of concern in the district’s annual financial budget.
By comparison, 10 years ago auditors identified 27 findings of accounting issues and shortcomings the district needed to address in tracking its revenue and spending.
Also, in October, the state of Michigan ended the regular oversight of the district by the Department of Treasury Financial Review Commission. The commission was created as part of the state’s $617 million bailout of the insolvent school district in 2016.
The completed audit has not been released by the state of Michigan or the school district as of yet. Completed school district audits are usually released by the state in December.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.