Gross mismanagement of the financially bereft Bay City Academy, currently under supervision by the Michigan Treasury with an enhanced deficit elimination plan, just cost the charter school founded by convicted felon Steven Ingersoll its entire November 2017 Michigan state aid payment.
The Bay City Academy was docked $241,550.60 for failing to submit to the State of Michigan its Special Education Actual Cost Report for the 2016/17 school year by the October 2, 2017 deadline.
The report is required under Section 18 of the State Aid School act, which imposes a penalty for failure to submit by the statutory required date.
The Bay City Academy’s November 2017 payment record shows $0 for the month; October's payment was $244,797.
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The Bay City Academy was docked $241,550.60 for failing to submit to the State of Michigan its Special Education Actual Cost Report for the 2016/17 school year by the October 2, 2017 deadline.
The report is required under Section 18 of the State Aid School act, which imposes a penalty for failure to submit by the statutory required date.
The Bay City Academy’s November 2017 payment record shows $0 for the month; October's payment was $244,797.
