Madison Academy

Educational Service Provider: Transparancy Expenditure Report

Educational Service Provider Expenditures
Salaries (1xxx) $2,839,356 75.44%
Employee Benefits (2xxx) $924,277 24.56%
Rentals (42xx) $0 0.00%
Purchased Services (3xxx) $0 0.00%
Repairs & Maintenance (41xx) $0 0.00%
Supplies and Materials (5xxx) $0 0.00%
Capital Outlay (6xxx) $0 0.00%
Other Expenditures, Dues and Fees (74xx) $0 0.00%
Total from above $3,763,633 100.00%
Total expenditures reported in ESP file $3,763,633 100.0%

Report based on district's 2015 Financial Information Database (FID) submission.

Caution should be used when using these financial data. Sound conclusions can only be drawn when the data elements are used in proper context. The ESP expenditure costs reported to the charts above are based on objects codes in the ESP file as submitted to the Financial Information Database (FID). Districts are required by law (MCL 380.1281) to follow a common chart of accounts published as the

Michigan Public School Accounting Manual when reporting financial data. Definitions for each of the object codes listed in the charts above may be found in the Manual available at:

More district financial information can be found online at