School report shows enrollment increase, steady fund balance in Troy

By: Terry Oparka | Troy Times | Published November 7, 2018

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TROY — The Troy School District received a top ranking in its recent audit.

David Youngstrom, of the auditing firm of Yeo & Yeo CPAs & Business Consultants, told the Troy School District Board of Education that the firm had awarded the district an unmodified rating, the highest opinion.

He gave his report to the board at the Oct. 16 Board of Education meeting.

“It’s a clean audit,” he said. “It’s what you’re looking for from us. It means everything is properly stated under accounting principles.”

“It was a good report,” said Rick West, the Troy School District’s assistant superintendent of business services.

The 2017-18 audit reported that the district finished with $150.7 million in expenditures, with 82 percent of its costs directly supporting classroom instruction, including teachers, counselors and paraprofessionals.

Student enrollment increased to 13,089 from 12,717 last year.

“We (the Troy School District) have more students again this year,” Youngstrom said. “That’s not very consistent with a lot of school districts in Michigan.”

In a report released Oct. 24 forecasting the school-age population in 2045 in southeast Michigan, the Southeast Michigan Council of Governments stated that the region saw a 15 percent decline in school-age population from 2000 to 2015, and this is projected to drop another 10 percent by 2025.

The Troy School District’s school-age population is projected to drop 6.1 percent by 2045, according to the report.

However, this is less than is projected in some nearby districts. Birmingham Public Schools’ student population is projected to drop 19.3 percent by 2045.

The number of students in Utica Community Schools is projected to drop 14.9 percent by 2045.

In the Rochester Community Schools district, the drop is projected to be 4.4 percent by 2045, and a 2.6 percent drop is projected in the Avondale School District, according to the SEMCOG report.

The Troy School district’s unassigned fund balance is $24.7 million, or 16.44 percent — a slight reduction from 16.5 percent last year.

“It’s a good, solid fund balance,” Youngstrom said.