Huron Valley Schools is required by law to develop and approve a balanced budget for the new fiscal year by June 30th. As new information is obtained, such as changes in revenues and/or expenditures, the budget is amended quarterly throughout the year. Use the links on the left to view current and historical budget information.
In 1994, voters in the State of Michigan passed Proposal A, changing the way in which schools are funded. For more information about Proposal A, and the impact to Huron Valley Schools, view these two presentations.
School Funding Listserv
For the latest information on school funding, join the HVS listserv and be sure to select the Our Kids Cant Wait - Fair Funding For Schools and School Legislation categories.
August 2 of 2 2018
August 1 of 2 2018
July 2 of 2 2018
July 1 of 2 2018
Audited Financial Reports
2018-2019 Audited Financial Report
2018-2019 Federal Awards
2018-2019 Auditors Board Presentation
2017-2018 Audited Financial Report
2017-2018 Federal Awards
2017-2018 Auditors Board Presentation
2016-2017 Audited Financial Report
2016-2017 Federal Awards
2016-2017 Auditors Board Presentation
2015-2016 Financial Report
2015-2016 Federal Awards
2015-2016 Auditors Board Presentation
2014-2015 Financial Report
2014-2015 Federal Awards
2014-2015 Auditors Board Presentation
2013-2014 Financial Report
2013 -2014 Federal Awards
2013-2014 Auditors Board Presentation
2012-2013 Financial Report
2012-2013 Federal Awards
2012-2013 Auditors Board Presentation
2011-2012 Financial Report
2011-2012 Federal Awards
2011-2012 Auditors Board Presentation
2010-2011 Financial Report
2010-2011 Federal Awards
2010-2011 Auditors Board Presentation
2009-2010 Financial Report
2009-2010 Federal Awards
2009-2010 Auditors Board Presentation
2008-2009 Financial Report
2008-2009 Federal Awards
2008-2009 Auditors Board Presentation
2007-2008 Financial Report
2006-2007 Financial Report
2005-2006 Financial Report
2004-2005 Financial Report
2003-2004 Financial Report
ORS 3% Employee Refund Information
W-2s for the 3% Employee Refunds
You will receive a W-2 for your 3% Employee Refund in the year you received the refund. For employees active in 2018, it will be included with your other employee compensation in 2018.
To assist with your tax filing, we included the interest related to the 3% Employee Refund in Box 14 of your W-2 as "3INT". Please consult with your tax preparer to see if you need to report this interest on your Federal tax return.
ORS 3% Employee Refund Information
Between July 1, 2010, and September 3, 2012, the State required school districts to withhold 3% of employees’ compensation for the Retiree Healthcare Fund. A lawsuit was started to stop the State from requiring these contributions. In December 2017, the Michigan Supreme Court agreed with the Court of Appeals that these contributions, under Public Act (PA) 75 of 2010, were unconstitutional. These funds, held in escrow by the State, have been returned to the districts that collected them.
Huron Valley Schools will be refunding these contributions to the employees that worked in the District during this period. During the week of January 8th, we received the refund information from the State; however, there are some issues regarding tax reporting that need to be answered before the funds are paid to the employees. The State’s Office of Retirement Services (ORS) is working with districts and auditors to resolve these issues as quickly as possible.
I didn't receive the email from ORS containing my contribution amounts and interest. How can I find out about my amount?
First, check your junk mail or spam folder. If after checking there, if you find you still don’t have the email from ORS, you may use one of the following methods to obtain your amount. Due to a high volume of inquiries, please allow 3-5 business days for us to respond, regardless of the option you use:
Method 1: If you are registered for miAccount , you may log in and send us a message using the secure Message Board. Use the category “MPSERS 3% Healthcare Refund” and in the message, ask for your amount of contributions and interest.
Method 2: If you are not registered for miAccount , you can register to send us a secure message. Otherwise, use the Guest Message Board to send a message asking for the amount of your contributions and interest. Use the category “MPSERS 3% Healthcare Refund.” In the message you must also include the following information:
- First & Last Name
- Date of Birth
- City as listed in your address of record with ORS.
What can you do now?
Active (current) employees: If you are an active (current) employee of the District and worked at HVS during that period, please read the memo below for more information.
Non-current employees: If you worked in HVS during that period but are not currently employed by the District, please read the memo below for what you need to do. A letter with this information has also been mailed to the address supplied by ORS for each non-current employee.
PCMI / Edustaff employees: are not affected by this lawsuit as you did not have this 3% deducted from your compensation.
The Citizens Research Council of Michigan has published this informational retirement report in the Financing Michigan Retired Teacher Pension and Health Care Benefits document (published September 2004).