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School Board Adopts Budget for 2019-2020 School Year

The Martin County School Board approved the District’s final budget for the 2019-2020 school year during its meeting on September 5, 2019.  The final budget totals $385.99 million and includes $221.23 million allocated to the general (operating) fund and $130.19 million allocated to capital projects.  

 

“I am pleased with the progress we’ve made to increase the financial health of the Martin County School District,” Superintendent Laurie J. Gaylord shared.  “I am proud to report that the District will once again meet the School Board's requirement that we maintain a 5% fund balance this year.”

 

The Association of School Business Officials International (ASBO) awarded the Martin County School District’s Finance Department its Certificate of Excellence in Financial Reporting in August. Presented to school districts that exhibit transparency in the preparation and issuance of their Comprehensive Annual Financial Reports, the award reflects the District’s commitment to clarity and high-quality financial reporting. 

 

“Our Finance Department appreciates the critical importance of fiscal accountability,” Superintendent Gaylord said. “All of our financial publications – from the Comprehensive Annual Financial Report to the budget documents presented to the School Board last evening – reflect the District’s unwavering commitment to transparent, detailed reporting practices.”

 

For more information about the District’s 2019-2020 Final Budget, please click here.