Response by LCS to Moody's Downgrade of Lapeer Community Schools

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Roaao il Biugv vg 1rlbiug vvgCblioa(nml8 Dmhf tivohb~ fmrhbtifg Jitgh Tmrfgh 1jtmrfghCaisggt~n`mma~(mtb8 V`w! Kwa 7! 4394 iv >;64 SL Vm; Roaaoil Biugvvg 1rlbiugvvgCblioa(nml8 Doaa! @gtg o~ i tg~smh~g vm ymwt wg~mh etml Jguoh Tm~g;  Livv ihf O `iug dggh rmtjohb rov` ^vihfitf ihf Smmt"~ fwtohb v`g ai~v lmhv` mt ~m vm `iug ohswv mh v`got tivohb stmng~~ ihf vm stmuofg ohswv mh v`g nwttghv einv~ i~~mnoivgf rov` mwt Fo~vtonv( Tivohb ibghnog~ vysoniaay msgtivg ialm~v 4 ygit~ dg`ohf v`g nwttghv eohihnoia ~ovwivomh fwg vm v`g einv v`iv v`gy tivg oh Kwhg me v`g ygit ihf v`iv v`gy vysoniaay mhay w~g invwia eohihnoia ~vivglghv tg~wav~( V`w~! mwt ihiay~v! ^mlih Fg~o! ri~ stolitoay emnw~gf wsmh mwt s i~v > ygit~ me tgfwn vomh oh Ewhf Diaihng etml i `ob` me mugt ? Loaaomh/ i hf mh ~vwfghv fgnaohg( V`g~g itg v`g stolity einvmt~ v`iv ^%S o~ nwttghvay w~ohb oh tivohb Lon`obih ~n`mma~( @g ia~m i~jgf idmwv v`g w~g me Ewhf Diaihng emt 4399,94( ^mlih ohfonivgf v`iv lm~v ~n`mma fo~vtonv~ oh Lon`obih rmwaf gpsgtoghng i tivohb fgnaohg v`o~ ygit i~ i tg~wav me ^vivg ewhfohb! w~g me Ewhf Diaihng vm eohihng msgtivomh~! ihf fgnaohohb ghtmaalghv(  Fwtohb mwt ohovoia tivohb tguogr rov` ^mlih! `g ohfonivgf `g ri~ ammjohb iv i 4 aguga tgfwnvomh oh v`g tivohb ihf i $Hgbivoug$ mwvammj( V`gy itg emnw~ohb mh v`g tgfwnvomh oh ^vivg Iof ai~v ygit ihf ~vwfghv fgnaohg! i~ rgaa i~ `mr v`g Fo~vtonv o~ fgiaohb rov` v`m~g einvmt~( Mugt v`g si~v >3 fiy~! rg fglmh~vtivgf vm `ol v`iv v`g Fo~vtonv ri~ ohfggf fgiaohb rov` DMV@ v`g gpng~~ gpsghfovwtg~ mugt mwt Tgughwg~ fgnaohohb Ewhf Diaihng/ i~ rgaa i~ ifftg~~ohb v`g fgnaohohb ghtmaalghv( Rg `ob`aob`vgf v`g ^vtivgbon Saih ohovoivoug~ r`on` tob`v,~o{gf mwt fo~vtonv emt fgnaohohb ghtmaalghv i~ rgaa i~ v`g Uotvwia Inifgly! r`on` roaa ivvtinv hgr ihf stguomw~ay wh,~gtugf tg~ofghv~( Rg ia~m fo~nw~~gf oh btgiv fgvioa v`g 4394,9> diaihngf dwfbgv( Ievgt ~gugtia ~g~~omh~! v`g eohia tivohb ri~ fgvgtlohgf ihf i ~ohbag aguga fgnaohg rov` hm $hgbivoug$ mwvammj ri~ o~~wgf( V`o~ ri~ fwg stolitoay vm v`g Dmitf"~ invomh~ fwtohb v`g si~v ygit( @g ia~m ohfonivgf v`iv oe v`g~g 4394,9> mdkgnvoug~ itg lgv! v`iv v`g tivohb rmwaf lm~v aojgay tgvwth vm ov"~ stguomw~ `ob` tivohb hgpv ygit(  V`o~ ~`mwaf `iug hm ollgfoivg olsinv mh mwt nwttghv tivohb( V`g Fo~vtonv mdvioh~ ewhf~ oh 4 stolity itgi~! Dmhf O~~wg~ ihf Msgtivohb-Ni~`eamr amih~( Mwt Dmhf o~~wg tivg~ itg amnjgf oh emt v`g 4332 dmhf o~~wg emt v`g fwtivomh me v`g tgliohohb vgtl isstmp 46 ygit~/( Oh iffovomh! mwt nwttghv lgv`mf me wvoao{ohb v`g Lon`obih Lwhonosia Dmhf  Iwv`mtovy LLDI/ emt mwt ~ `mtv,vgtl ni~`eamr/ dmttmrohb! wvoao{ g~ v`g ^vivg me Lon`obih"~ Dmhf tivohb vm fgvgtlohg v`g ohvgtg~v tivg( @mrgugt v`o~ tivohb fmrh,btifg roaa ieegnv ewvwtg Dmhf O~~wg~! iavgthivg lgv`mf~ me ~`mtv,vgtl dmttmrohb! i~ rgaa i~ ihy oh~viaalghv dmttmrohb ~wn` i~ Ghgtby Hmvg~-Dmhf~/( V`g~g roaa dg iv ih ohntgi~gf nm~v(  Oh ~wllity! O dgaogug v`iv lm~v me v`g fo~vtonv~ oh Lon`obih rov` fgnaohohb ghtmaalghv ihf i fgnaohohb Ewhf Diaihng roaa gpsgtoghng i fmrhbtifg oh tivohb etml ^%S v`o~ ygit( @mrgugt! O dgaogug v`iv ^%S `i~ tgnmbho{gf v`g Dmitf"~ invomh~ vmritf geegnvougay fgiaohb rov` v`g~g foeeonwav o~~wg~ ihf o~ stgsitgf vm tg~vmtg mwt tivohb hgpv ygit di~gf wsmh v`g~g ihvonosivgf invomh~(  Blioa , Dmhf tivohb ~ fmrhbtifg ` vvs~;--l ioa(bmmbag(nml-l ioa-w-3-=wo<4%oj<693nf9952?%uogr<sv%y<j((( 9 me 4 2-97-4394 >;7> SL

Transcript of Response by LCS to Moody's Downgrade of Lapeer Community Schools

Page 1: Response by LCS to Moody's Downgrade of Lapeer Community Schools

7/31/2019 Response by LCS to Moody's Downgrade of Lapeer Community Schools

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Roaaoil Biugvvg 1rlbiugvvgCblioa(nml8

Dmhf tivohb~ fmrhbtifg

Jitgh Tmrfgh 1jtmrfghCaisggt~n`mma~(mtb8 V`w! Kwa 7! 4394 iv >;64 SL

Vm; Roaaoil Biugvvg 1rlbiugvvgCblioa(nml8

Doaa! @gtg o~ i tg~smh~g vm ymwt wg~mh etml Jguoh Tm~g;

 

Livv ihf O `iug dggh rmtjohb rov` ^vihfitf ihf Smmt"~ fwtohb v`g ai~v lmhv` mt ~m vm `iug ohswv mh v`got tivohb

stmng~~ ihf vm stmuofg ohswv mh v`g nwttghv einv~ i~~mnoivgf rov` mwt Fo~vtonv( Tivohb ibghnog~ vysoniaay msgtivg

ialm~v 4 ygit~ dg`ohf v`g nwttghv eohihnoia ~ovwivomh fwg vm v`g einv v`iv v`gy tivg oh Kwhg me v`g ygit ihf v`iv

v`gy vysoniaay mhay w~g invwia eohihnoia ~vivglghv tg~wav~( V`w~! mwt ihiay~v! ^mlih Fg~o! ri~ stolitoay emnw~gf

wsmh mwt si~v > ygit~ me tgfwnvomh oh Ewhf Diaihng etml i ̀ ob` me mugt ? Loaaomh/ ihf mh ~vwfghv fgnaohg( V`g~g

itg v`g stolity einvmt~ v`iv ^%S o~ nwttghvay w~ohb oh tivohb Lon`obih ~n`mma~( @g ia~m i~jgf idmwv v`g w~g me Ewhf

Diaihng emt 4399,94( ^mlih ohfonivgf v`iv lm~v ~n`mma fo~vtonv~ oh Lon`obih rmwaf gpsgtoghng i tivohb fgnaohg v`o~

ygit i~ i tg~wav me ^vivg ewhfohb! w~g me Ewhf Diaihng vm eohihng msgtivomh~! ihf fgnaohohb ghtmaalghv(

 

Fwtohb mwt ohovoia tivohb tguogr rov` ^mlih! `g ohfonivgf `g ri~ ammjohb iv i 4 aguga tgfwnvomh oh v`g tivohb ihf i

$Hgbivoug$ mwvammj( V`gy itg emnw~ohb mh v`g tgfwnvomh oh ^vivg Iof ai~v ygit ihf ~vwfghv fgnaohg! i~ rgaa i~ `mr

v`g Fo~vtonv o~ fgiaohb rov` v`m~g einvmt~( Mugt v`g si~v >3 fiy~! rg fglmh~vtivgf vm `ol v`iv v`g Fo~vtonv ri~

ohfggf fgiaohb rov` DMV@ v`g gpng~~ gpsghfovwtg~ mugt mwt Tgughwg~ fgnaohohb Ewhf Diaihng/ i~ rgaa i~

ifftg~~ohb v`g fgnaohohb ghtmaalghv( Rg `ob`aob`vgf v`g ^vtivgbon Saih ohovoivoug~ r`on` tob`v,~o{gf mwt fo~vtonv emt

fgnaohohb ghtmaalghv i~ rgaa i~ v`g Uotvwia Inifgly! r`on` roaa ivvtinv hgr ihf stguomw~ay wh,~gtugf tg~ofghv~(

Rg ia~m fo~nw~~gf oh btgiv fgvioa v`g 4394,9> diaihngf dwfbgv( Ievgt ~gugtia ~g~~omh~! v`g eohia tivohb ri~

fgvgtlohgf ihf i ~ohbag aguga fgnaohg rov` hm $hgbivoug$ mwvammj ri~ o~~wgf( V`o~ ri~ fwg stolitoay vm v`g

Dmitf"~ invomh~ fwtohb v`g si~v ygit( @g ia~m ohfonivgf v`iv oe v`g~g 4394,9> mdkgnvoug~ itg lgv! v`iv v`g tivohb

rmwaf lm~v aojgay tgvwth vm ov"~ stguomw~ `ob` tivohb hgpv ygit(

 

V`o~ ~`mwaf `iug hm ollgfoivg olsinv mh mwt nwttghv tivohb( V`g Fo~vtonv mdvioh~ ewhf~ oh 4 stolity itgi~! Dmhf

O~~wg~ ihf Msgtivohb-Ni~`eamr amih~( Mwt Dmhf o~~wg tivg~ itg amnjgf oh emt v`g 4332 dmhf o~~wg emt v`g fwtivomh

me v`g tgliohohb vgtl isstmp 46 ygit~/( Oh iffovomh! mwt nwttghv lgv`mf me wvoao{ohb v`g Lon`obih Lwhonosia Dmhf

 Iwv`mtovy LLDI/ emt mwt ~̀ mtv,vgtl ni~`eamr/ dmttmrohb! wvoao{g~ v`g ^vivg me Lon`obih"~ Dmhf tivohb vm

fgvgtlohg v`g ohvgtg~v tivg( @mrgugt v`o~ tivohb fmrh,btifg roaa ieegnv ewvwtg Dmhf O~~wg~! iavgthivg lgv`mf~ me 

~`mtv,vgtl dmttmrohb! i~ rgaa i~ ihy oh~viaalghv dmttmrohb ~wn` i~ Ghgtby Hmvg~-Dmhf~/( V`g~g roaa dg iv ih

ohntgi~gf nm~v(

 

Oh ~wllity! O dgaogug v`iv lm~v me v`g fo~vtonv~ oh Lon`obih rov` fgnaohohb ghtmaalghv ihf i fgnaohohb Ewhf

Diaihng roaa gpsgtoghng i fmrhbtifg oh tivohb etml ^%S v`o~ ygit( @mrgugt! O dgaogug v`iv ^%S `i~ tgnmbho{gf v`g

Dmitf"~ invomh~ vmritf geegnvougay fgiaohb rov` v`g~g foeeonwav o~~wg~ ihf o~ stgsitgf vm tg~vmtg mwt tivohb hgpv

ygit di~gf wsmh v`g~g ihvonosivgf invomh~(

 

a , Dmhf tivohb~ fmrhbtifg v̀vs~;--lioa(bmmbag(nml-lioa-w-3-=wo<4%oj<693nf9952?%uogr<

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^gntgvity vm v`g Dmitf me Gfwnimh ihf

Ifloho~vtiug I~~o~vihv vm v`g ^wsgtohvghfghv

 

Etml; Roaaoil Biugvvg Zlioavm;rlbiugvvgCblioa(nml\

^ghv; ^whfiy! Kway 39! 4394 4;>2 SL

Vm; Jitgh Tmrfgh: Livv Rihftog: Jguoh Tm~g

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ZYwmvgf vgpv `offgh\

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2-97-4394