‘22c Equity Payment’

This line refers to the section 22c “equity payment” described above under “Payment for Districts With Foundation Allowances Under $7,360,” under "State Categorical Grants." In December 2006, according to the state aid financial status report, the Grand Rapids City School District received $41,947.16, with an expected total disbursement to the district of $484,320.89 in fiscal 2007.