In A Fix Akiva Hebrew Day School strives to turn around a financial fiasco. F LYNNE MEREDITH COHN STAFF WRITER first, to clear up the rumors: Akiva Hebrew Day School teachers are get- ting paid. "We have not missed a payroll for eight years, maybe more," says Stuart Teger, Akiva president. Now, the news: Detroit's only Orthodox day school with a Zionist bent is floun- dering in financial muck in an old build- ing that needs a lift. In fact, the Lathrup Village school ap- pealed to the Jewish Federation of Met- ropolitan Detroit for a handout. Federation approved a $50,000 grant late last week, according to Mr. Teger. This year, Federation gave a total of $1.25 million to four local day schools: Ald- va, Hillel, Yeshiva Beth Yehudah and Yeshiva Gedolah, according to Judah Isaacs, senior planning associate at Fed- eration. Akiva received $305,000 plus the $50,000 grant. The grant comes with a stipulation that Akiva report back to Federation on how it will address its current financial needs and how it will correct any future short- fall. Federation gives funds to the day schools on a monthly basis, but in Akiva's case, Federation has made an exception, S A L E S A L E S A TH E D ETROIT J E WISH NEWS E 10 S A L SALE SALE allowing the school "to take our allocations as we need them," Mr. Teger says. Akiva suffers from debt and a shortage in its operating budget. At the moment, the school's leaders are more concerned with the latter. "Right now, [in] our budget — with the money from Federation — we have $300,000 less than we need to get through the rest of this year," says Mr. Teger. Part of the debt came from a costly sev- erance package for Akiva's last principal, Rabbi Zev Shimansky. But that was "an added expense that we took on — we chose not to renew his contract," says Mr. Teger. Combine that with a loss of tuition money when about 20 high-school stu- dents left the school — for other schools, other states or Israel. Currently, 305 stu- dents attend Akiva. To stem the loss of students, the school brought in Rabbi Karmi Gross as princi- pal, says Dr. David Beneson, immedi- ate past president. In only his second year at Akiva, "Rab- bi Gross has done a tremendous job of improving the high school and improving the curriculum. Some par- ents are looking into bringing their kids back," says Dr. Beneson. For a few years, Akiva has asked par- ents to pre-pay the following year's tuition, according to Mr. Teger and Dr. Beneson. That pattern has "become a snowball rolling down a hill," says Mr. Teger. In the 1995-96 school year, "we took something in excess of $325,000 of tuition that should have been paid in 1996-'97, and we used it to pay '95-'96 expenses." As a step toward resolving the school's Akiva Hebrew Day School suffers from considerable debt and the problems of a 70- year-old building. SALE SALE SALE 20-75% OFF STOREWIDE CLEARANCE • • • • • • • Joan Vass U.S.A. Belford Sweaters Zanella Gispa Knits Suits Blazers Skirts and Pants financial quagmire, tuition has been in- creased for the 1997-'98 academic year, in addition to rises this year. Next year, high-school tuition will be $6,000 a year, says Mr. Teger, up from $5,650. Grades six through eight will run $5,175, compared to $4,850 this year, and first through fifth grades will be $4,575 instead of $4,300. Kindergarten will re- main at $3,400. Mr. Teger acknowledges that "parents are assuming responsibility for getting out of this [financial dilemma]." But, he says, parents are also the school's "biggest con- "Let's Hurry for The Best Selection & Save" Bring in this ad for an ADDITIONAL $5.00 OFF ON A SALE ITEM of $30 or more. Previous sales & layaways not included. Exp. 2/7/97 S A L E S A L E S A L E S A L E S A Orchard Mail • Orchard Lake Road - N. of Maple • West Bloomfield • (810) 626-0886 L E SALE SALE SALE SALE SALE / DESIGNS IN DECORATOR LAMINATES, LTD. IT DOESN'T HAVE TO COST A FORTUNE...ONLY LOOK LIKE IT! FEATURING • • • • • • Wall. Units Bedrooms Dining Rooms Credenzas Tables Offices SPECIALTIES • • • • • Formica Woods Stones Glass Lucite LOIS HARON 851 ,4989 Allied Member ASID Alenlion to attention Xotil ORCHARD LAKE ROAD • WF ST BLOOMF ELD