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2024 - 2025

Proposed Budget and�Property Tax Rates

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

2 of 22

  • January Consensus Revenue Estimating Conference (CREC) January 12, 2024
  • GPPSS BOE Budget Parameters Adopted January 16, 2024
  • Governor’s Proposed Budget Released February 7, 2024
  • Senate Proposed Budget Released April 16, 2024
  • House Proposed Budget Released April 24, 2024
  • May Consensus Revenue Estimating Conference (CREC) May 17, 2024
  • Publish Notice of Public Hearing June 6, 2024
  • Public Hearing June 12, 2024
    • Fiscal Year 2025 Budget
    • Tax Year 2024 Property Tax Rates
  • Adoption of the 2024-2025 Budget June 18, 2024

Budget Development Timeline

1

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

3 of 22

Proposed Property Tax Rates

2

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

4 of 22

GPPSS Millage Rates 2024-2025

​

​

​

​

​

Millage Type

​

​

​

Primary

Residence

Real Property

​

​

​

Commercial

Personal Property

(ex. Equipment)

Non-Primary Residence

Real Property

(ex. Rentals, agricultural, industrial, commercial)

Operating

​

2.4542

14.4542

​

​

​

​

Hold Harmless

3.5458

3.5458

3.5458

​

​

​

​

Sinking Fund

0.9588

0.9588

0.9588

​

​

​

​

Debt

3.1400

3.1400

3.1400

​

​

​

​

Total

7.6446

10.0988

22.0988

3

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

5 of 22

GPPSS Millage Rate Comparison

​

​

Millage Type

​

2023 – 2024

Millage

​

2024 – 2025

Millage

2023 – 2024

vs.

2024 – 2025

Non-PRE Operating

14.2887

14.4542

0.1655

​

​

​

​

Commercial PP

2.2887

2.4542

0.1655

​

​

​

​

Hold Harmless

3.7113

3.5458

(0.1655)

​

​

​

​

Sinking Fund

0.9661

0.9588

(0.0073)

​

​

​

​

Debt

3.1400

3.1400

-

4

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

6 of 22

Taxable Values

2023 2024 2023

as of as of vs

May 30, 2024 May 16, 2024 2024

Taxable Values

​

Grosse Pointe City $ 437,773,358 $ 465,970,882 $ 28,197,524

Grosse Pointe Farms 945,238,968 1,004,465,782 59,226,814

​

Grosse Pointe Park 748,453,738 797,958,415 49,504,677

​

Grosse Pointe Shores 329,427,213 350,922,716 21,495,503

​

Grosse Pointe Woods 859,238,869 920,619,179 61,380,310

​

Harper Woods 113,148,721 122,295,217 9,146,496

​

Total Taxable Values $ 3,433,280,867 $ 3,662,232,191 $ 228,951,324

5

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

7 of 22

Property Tax Revenue Budget

​

​

​

​

​

Millage Type

​

​

​

Primary

Residence

Real Property

​

​

​

Commercial

Personal Property

(ex. Equipment)

Non-Primary Residence

Real Property

(ex. Rentals, agricultural, industrial, commercial)

Operating

​

49,843

8,547,017

​

​

​

​

Hold Harmless

10,816,840

72,011

2,096,693

​

​

​

​

Sinking Fund

2,924,922

19,473

566,955

​

​

​

​

Debt

9,578,904

63,771

1,856,734

​

​

​

​

Total

$23,320,666

$205,098

$13,067,399

*actual receipts will differ from budget due to tax write-offs and adjustments*

6

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

8 of 22

Proposed Budget for the�General Fund

7

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

9 of 22

2024-2025 General Fund Proposed Revenue Budget

2024-2025

Proposed Budget

June 18, 2024

Revenues

​

Local sources $ 22,868,297

​

State sources 70,461,511

​

Federal sources 3,375,138

​

Other local revenue sources 2,834,276

​

Incoming transfers 2,137,097

​

Total Revenues $ 101,676,319

8

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

10 of 22

2024-2025 General Fund Proposed Expenditure Budget

2024-2025

Proposed Budget

June 18, 2024

Expenditures

​

Instructional Services $ 60,094,891

​

Instructional Support Services 20,764,236

​

Non-Instructional Support Services 20,839,151

​

Community Activities 584,237

​

Facilities Construction and Improvements 393,804

​

Total Expenditures $ 102,676,319

9

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

11 of 22

2024-2025 General Fund �Proposed Budget

2024-2025

Proposed Budget

June 18, 2024

​

​

Total Revenues $ 101,676,319

​

Total Expenditures 102,676,319

​

Revenue Over (Under) Expenditures (1,000,000)

​

Beginning Fund Balance 9,297,865

​

Ending Fund Balance, Projected $ 8,297,865

​

Fund Balance as a % of Revenue 8.16%

​

Fund Balance as a % of Expenditures 8.08%

10

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

12 of 22

Proposed Budgets for�Special Revenue Funds

11

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

13 of 22

2024-2025 Special Education Center Programs Fund Proposed Budget

2024-2025

Proposed Budget

June 18, 2024

​

​

Total Revenues $ 13,966,074

​

Total Expenditures 13,966,074

​

Revenue Over (Under) Expenditures -

​

Beginning Fund Balance 56,270

​

Ending Fund Balance, Projected $ 56,270

​

​

12

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

14 of 22

2024-2025 Food Service Fund Proposed Budget

2024-2025

Proposed Budget

June 18, 2024

​

​

Total Revenues $ 1,888,625

​

Total Expenditures 1,838,625

​

Revenue Over (Under) Expenditures 50,000

​

Beginning Fund Balance 251,241

​

Ending Fund Balance, Projected $ 301,241

​

Fund Balance as a % of Revenue 15.95%

​

Fund Balance as a % of Expenditures 16.38%

​

13

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

15 of 22

2024-2025 Community Services�Fund Proposed Budget

2024-2025

Proposed Budget

June 18, 2024

​

​

Total Revenues $ 2,639,511

​

Total Expenditures 3,036,319

​

Revenue Over (Under) Expenditures (396,808)

​

Beginning Fund Balance 535,546

​

Ending Fund Balance, Projected $ 138,738

​

Fund Balance as a % of Revenue 5.26%

​

Fund Balance as a % of Expenditures 4.57%

​

14

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

16 of 22

2024-2025 Student & School Activity�Fund Proposed Budget

2024-2025

Proposed Budget

June 18, 2024

​

​

Total Revenues $ 1,800,000

​

Total Expenditures 2,200,000

​

Revenue Over (Under) Expenditures (400,000)

​

Beginning Fund Balance 2,172,850

​

Ending Fund Balance, Projected $ 1,772,850

​

Fund Balance as a % of Revenue 98.49%

​

Fund Balance as a % of Expenditures 80.58%

​

15

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

17 of 22

Proposed Budget for the�Debt Service Fund

16

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

18 of 22

2024-2025 Debt Service Fund Proposed Budget

2024-2025

Proposed Budget

June 18, 2024

​

​

Total Revenues $ 11,499,409

​

Total Expenditures 10,435,550

​

Revenue Over (Under) Expenditures 1,063,859

​

Beginning Fund Balance 3,263,589

​

Ending Fund Balance, Projected $ 4,327,448

​

​

*proposed tax rate: 3.1400 mills – all property*

​

17

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

19 of 22

Proposed Budgets for�Capital Project Funds

18

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

20 of 22

2024-2025 Sinking Fund�Proposed Budget

2024-2025

Proposed Budget

June 18, 2024

​

​

Total Revenues $ 3,511,350

​

Total Expenditures 3,500,000

​

Revenue Over (Under) Expenditures 11,350

​

Beginning Fund Balance 1,743,684

​

Ending Fund Balance, Projected $ 1,755,034

​

​

*proposed tax rate: 0.9588 mills – all property*

​

19

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

21 of 22

2024-2025 Proposed Budget�2021 School Building & Site Fund

2024-2025

Proposed Budget

June 18, 2024

​

​

Total Revenues $ 10,000

​

Total Expenditures 1,049,856

​

Revenue Over (Under) Expenditures (1,039,856)

​

Beginning Fund Balance 1,039,856

​

Ending Fund Balance, Projected $ -

​

​

20

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000

22 of 22

Questions

21

June 12, 2024

Online:�www.gpschools.org

Grosse Pointe Public School System

389 St. Clair, GP, 48230 (313) 432-3000