District Directory › Charlevoix County (ISD 15) › Charlevoix Academy (15902)

Charlevoix Academy

Charter PSA State Code: 15902 • ISD: ISD 15 (Charlevoix) • County: Charlevoix • Locale: N
View Charlevoix Regional Peers →
🏛 Inactive District Status: Inactive district with zero pupil enrollment.
Students Student Enrollment (MCL 388.1606) Official state pupil membership weighting 90% Fall count (0) and 10% previous Spring count (0). View in Glossary →
0 pupils
▲ +14% (5-yr)
10-Yr Net: -12
Classroom Teachers Classroom Teachers (REP) Full-time equivalent certified classroom instructional staff reported in the audited CEPI Registry of Educational Personnel. View in Glossary →
0 Teachers
▼ -44% (5-yr)
Ratio: 0:1 (pupils/teacher)
Operating Spending General Operating Spending (Fund 11) Bulletin 1022 Current Operating Expenditures (COE) isolating day-to-day operations and classroom delivery from capital facility debt. View in Glossary →
$13,144.00 / student
▼ -2% (5-yr)
$648K total operating spend (COE)
Direct Instruction Direct Classroom Instruction Share of Current Operating Expenditures (Bulletin 1014 Functions 110, 120 & 130) dedicated directly to classroom teachers, teaching aides, textbooks, and instructional supplies. View in Glossary →
57% of Budget
$7,487.00 / student
Functions 110, 120 & 130 (Benchmark: ≥60%)
General Fund Reserve General Fund Reserve (Audited MDE Bulletin 1014) Total ending Fund 11 equity relative to annual operating expenditures under MCL 380.1219. Accounting Note: When total reserve equity exceeds 50%, the balance typically includes substantial multi-year capital commitments, bond obligations, or federal grant encumbrances (GASB 54) rather than liquid unencumbered operating cash. Learn about GASB 54 classifications →
19% Reserve
~68 Days Operating Spend
Standard Reserve (10%–50%)

Peer Benchmarks & Operational Indicators

Staffing ratios, facility capacity, and financial indicators benchmarked against peer cohorts (FY 2025)
Benchmark Against:
Operational Metric & Statutory Standard Charlevoix Academy Peer Benchmark (MDE Median) Peer Benchmark (ISD 15 Median) Peer Benchmark (Statewide Median)
Source: Audited Michigan Department of Education (MDE) Bulletin 1014 & Bulletin 1022 Standards, CEPI REP Staffing Census, and CEPI Pupil Accounting. Audited FY 2025. Indicators benchmarked against peer cohorts.

Standardized Operational Spending & Classroom Investment

Audited operational expenditures and categorical funding allocations (FY 2025)

Four-Bucket Operational Spending Allocation Bulletin 1022 Functional Allocation Standardized MDE functional architecture dividing operating expenditures into Direct Instruction, Student Support, Administration, and Operations. View in Glossary →

Current Operating Total (COE): $13,144.00/pupil • ISD Median: $12,194.00/pupil • State Median: $12,240.00/pupil
Direct Instruction (57.0%)
Student Support (0.0%)
Administration (27.0%)
Operations (16.0%)
Functional Category Scope & Included Services Spend / Pupil Share of Operating Spend (COE) Current Operating Expenditures (COE) Under MDE Bulletin 1014 / Bulletin 1022 standards, Current Operating Expenditures (COE) comprise day-to-day district operational costs (Functions 100 Instruction + Functions 200 Support Services), strictly excluding capital bond sinking funds (Fund 41), debt service (Fund 31), and community services. View in Glossary → ISD Median ISD Peer Median (Charters) Audited median share and per-pupil spending across charter public school academies within ISD 15 (Charlevoix). View in Glossary → State Median Statewide Peer Median (Charters) Audited statewide median share and per-pupil spending across all Michigan charter public school academies. View in Glossary →
1. Direct Instruction Functions 110, 120, 130 Classroom teachers, teaching aides, textbooks, and instructional supplies. View in Glossary →
110, 120, 130
 Classroom teachers, teaching aides, textbooks, and instructional supplies. $7,487.00 57.0%
57.0%
$6,701.00/pupil
49.6%
$6,168.00/pupil
2. Student & Instructional Support Functions 210, 220, 270, 280, 290 Guidance counselors, social workers, school nurses, speech therapy, library media, and transportation. View in Glossary →
210, 220, 270, 280, 290
 Guidance counselors, social workers, school nurses, speech therapy, library media, and transportation. $0.00 0.0%
0.0%
$0.00/pupil
13.4%
$1,597.00/pupil
3. School & District Administration Functions 230, 240 Board of Education, Superintendent, legal/audit, building principals, and office staff. View in Glossary →
230, 240
 Board of Education, Superintendent, legal/audit, building principals, and office staff. $3,550.48 27.0%
27.6%
$3,550.00/pupil
23.3%
$2,953.00/pupil
4. Operations & Maintenance Function 260 Custodial staff, utilities, building upkeep, and facilities grounds. View in Glossary →
Function 260
 Custodial staff, utilities, building upkeep, and facilities grounds. $2,106.75 16.0%
13.7%
$1,671.00/pupil
12.2%
$1,511.00/pupil
Total Current Operating Spend (COE) $13,144.00 100.0%
$12,194.00
ISD Median
$12,240.00
State Median

Audited Operating Expenditures by Object (Salaries, Benefits & Contracted Services) Bulletin 1022 Object Classifications Standardized accounting codes classifying operating expenditures by economic type: Salaries (Object 1000), Employee Benefits (Object 2000), Purchased Services (Objects 3000 & 4000), and Supplies (Object 5000). View in Glossary →

Pending State FID Filing
Detailed Bulletin 1022 Dimension 2 object expenditure disaggregations (Salaries, Healthcare Benefits, MPSERS Pension, and Outside Vendor Contracts) for Charlevoix Academy are pending state CEPI FID audit filing for FY 2025.
Source: Michigan Department of Education (MDE) Bulletin 1014 & Bulletin 1022. Audited FY 2025.

Active School Buildings & Operating Facilities

Audited physical building census, building operations & maintenance costs (Bulletin 1022 Function 260), and capital facilities funding (FY 2025)
Total Buildings
0
Active school sites
Elementary Schools
0
Grades PK–5 / K–6
Middle / Junior High
0
Grades 6–8 / 7–8
High Schools
0
Grades 9–12
Specialized Centers
0
Alternative / Center programs

Building Operations & Maintenance (Function 260)

$103,800 $2,107 / pupil (16.0% of operating)

Day-to-day custodial services, building utilities (electricity, heat, water), mechanical HVAC upkeep, and school grounds maintenance funded from general operating revenue under Bulletin 1022.

Capital Projects & Sinking Funds (Fund 41)

Public School Academies (Charters) cannot levy capital sinking funds or bond debt under MCL 380.501; facility leases and mortgage operations are paid out of state aid foundation revenue.

Source: Audited Michigan Department of Education (MDE) School Infrastructure & Facilities Census, CEPI FID Bulletin 1022 Function 260 Accounting, and MDE Bulletin 1014/1011 (FY 2025).

10-Year Financial History & Balance Sheet

Audited operational revenues, expenditures, General Fund (Fund 11) reserves, and GASB 54 equity (FY 2016–2025)

Audited General Fund Balance Sheet & GASB 54 Equity (FY 2023)

GASB 54 Classification Standards →
GASB 54 Note: Under governmental accounting standards, ending General Fund equity comprises nonspendable inventory, state-restricted grants, board-committed funds, contracts assigned for future projects, and unassigned operating reserves. Consult the local audited financial statement for specific local assignments.
Total Fund Assets
$166K
Cash, receivables, prepaids
Total Liabilities & Inflows
$33K
Payables & deferred inflows
Total Ending Equity
$134K
Assets minus Liabilities
Assigned Commitments
$0
Multi-year facilities & contracts
Operating Cushion (Unassigned)
$134K
Liquid operating cushion
Charter Public School Academy Notice: Under Part 6A of the Revised School Code (MCL 380.501), charter public school academies have no statutory property taxing authority for capital sinking funds or voter-approved municipal bonds.
Fiscal Year & Pupils Operating Rev / Spend Fund 11 Balance Reserve & Days Operating Spend Fund 41 Capital Fund 41 Capital Projects Capital project funds, bond proceeds, and sinking fund tax millages restricted exclusively to physical facilities and infrastructure under MCL 380.1212 and MCL 380.1351a. Strictly segregated from General Fund 11 operating funds. View in Glossary →
FY 2023 (2022-23)
49.2 pupils • ▼ Deficit Year
$680,280.38
Spend: $718,611.85
$133,616.66
General Operating
18.59%
~68 days spend
$0.00
Restricted Facility
FY 2022 (2021-22)
51.8 pupils • ▼ Deficit Year
$619,077.16
Spend: $650,127.59
$171,948.75
General Operating
26.45%
~96 days spend
$0.00
Restricted Facility
FY 2021 (2020-21)
61.9 pupils
$618,618.63
Spend: $450,948.85
$202,999.21
General Operating
45.02%
~164 days spend
$0.00
Restricted Facility
FY 2020 (2019-20)
48.8 pupils
$491,925.38
Spend: $405,372.97
$35,329.43
General Operating
8.72%
~32 days spend
$0.00
Restricted Facility
FY 2019 (2018-19)
43.2 pupils • ▼ Deficit Year
$459,490.32
Spend: $573,039.62
$-51,222.98
General Operating
-8.94%
~-33 days spend
$0.00
Restricted Facility
FY 2018 (2017-18)
46.9 pupils • ▼ Deficit Year
$502,429.41
Spend: $547,484.70
$62,326.32
General Operating
11.38%
~42 days spend
$0.00
Restricted Facility
FY 2017 (2016-17)
58.3 pupils
$567,868.52
Spend: $542,915.26
$107,382.00
General Operating
19.78%
~72 days spend
$0.00
Restricted Facility
FY 2016 (2015-16)
61.1 pupils
$946,706.69
Spend: $879,973.34
$82,428.35
General Operating
8.55%
~31 days spend
$0.00
Restricted Facility
Source: Michigan Department of Education (MDE) Bulletin 1014 & Bulletin 1011 Audited Annual Financial Reports (FY 2016–2025).

Teacher Compensation & Staffing Benchmarks

Audited average teacher salaries, FTE headcounts, and peer benchmarks (FY 2025)
Average Teacher Salary
Not Reported
Average teacher salary not reported in MDE Bulletin 1014 filing.
Certified Teaching Staff
Not Reported
Classroom Investment Share: 57.0% of Operating Spend
Average Teaching Experience
Not Reported
Educator experience not reported in CEPI REP filing.
Fiscal Year Teacher FTE Avg Teacher Salary Avg Experience ISD 15 Median Statewide Median ISD Comparison
FY 2023 4.5 Not Reported 5.5 yrs — $52,166.00 —
FY 2022 5.4 Not Reported 5.5 yrs — $48,964.00 —
FY 2021 2.9 Not Reported 5.4 yrs — $45,362.00 —
FY 2020 4.1 Not Reported 5.4 yrs — $43,828.50 —
FY 2019 8.1 Not Reported 5.3 yrs — $44,309.00 —
FY 2018 5.5 Not Reported 5.3 yrs — $40,242.50 —
FY 2017 4.9 Not Reported 5.2 yrs — $37,778.00 —
FY 2016 5.8 Not Reported 5.2 yrs — $39,683.00 —
Source: Audited Michigan Department of Education (MDE) Bulletin 1014 Table 7 (Average Teacher Salaries) and CEPI Registry of Educational Personnel (REP) Staffing Census & Educator Qualifications (FY 2016–2025).