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CONSENT AGREEMENT
Consent Agreement • September 18th, 2013

Estimate of debts owed as of July 15, 2013 Amount Oakland Schools (includes amt in A/P) Michigan Public School Reuirement System ("MPSERS") (as of 5/26/13) 3,957,004 MPSERS for last 3 payments of FY 2012-2013 945,109 MESSA Judgment (through 12/31/2012) 7,800,000 MESSA (post-judgment) 3,262,593 MESSA (July 2013) 527,667 Utilities 1,481,516 First student (all outstanding) 2,510,813 GCA (all outstanding) 425,108 Chartwells 1,040,334 Internal Revnue Services (as of 05/03/2013) 234,368 State of Michigan taxes (as of 05/03/2013) 37,598 SOS grant repayments 334,163 Other vendors (estimate) 2,407,284 Johnson Controls (already paid via insurance) 1,450,488 Oakland County Treasurer 6,883,217 Other insurance obligations, including unemployment insurance 494,487 Compensated absence payouts 297,578 General Obligation bond payments (shortage as of 6/15/2013) 3,800,000 Total Debt as measured on July 15 $37,889,327

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