Superintendent stays positive amid financial crisis

Bradenton, Florida -- The Manatee County School District's financial problems continue with more bad news from the state.

According to Superintendent Rick Mills, a state audit shows the district has to repay $7 million in misused funds leaving the district with a $1 million balance.

Mills says this leaves the district with a $9 million shortfall for the next school year.

Mills says the news is "painful and disappointing" after the district's "monumental" recovery erasing a $8.5 million deficit last year and ending this school year with a $8.2 million balance.

SEE ALSO:Manatee School District CFO resigns

"I want to say all employees we will prevail over this challenge," says Mills. "I am proud to be superintendent of the Manatee School District. I have faith in our county and employees. We will be a great school district and together we will restore this school district to greatness."

Mills says the district's financial failure dates back to 2005 to 2012 under previous leadership. A state audit shows the district misappropriated $38 million and overspent $13 million. This is the first year in three years the district will end with a positive balance, but the $1 million surplus is 9.3 million below the state required reserves. The district has not met the 3% reserves in six years.

The school board will begin looking at the new budget next week.


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment