Milwaukee Public Schools financial reports; officials provide update
MILWAUKEE - Milwaukee Public Schools has new leadership in its finance department.
That’s one revelation that was made on Monday, Oct. 14, as the district looks to clean up a financial crisis.
"No money was missing or misspent – instead the issues were a combination of software, staffing and training issues," said said MPS Interim Superintendent Eduardo Galvan.
In May 2024, the Wisconsin Department of Public Instruction sent a letter to MPS asking for a backlog of required financial data.
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The return to classes for Milwaukee Public Schools (MPS) students brings back some normalcy for the district, after turmoil in the spring.
"They repeatedly indicated to us under intense and escalating questioning that they would be able to submit their fiscal 23 reports this year," said State Superintendent Dr. Jill Underly.
That paperwork is among the overdue documents required by the state.
The fallout included MPS Superintendent Keith Posley’s resignation, heated public meetings, and threats of millions of dollars of aid being withheld.
The state started an audit.
Letter from DPI
Errors in reporting data led to the district receiving an overpayment.
There was a $42 million adjustment reflected in the district's September aid payment. Tuesday is when it will be known how much general aid MPS will receive from the state.
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"We expect to have all overdue financial information submitted to our auditor very soon," Galvan added.
Galvan says 2023 financial data should be submitted by Thanksgiving.
He says 2024 reports should be done this winter weeks before state deadlines.