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Bradenton, Florida -- Michael Boyer, the Manatee County School District's Chief Financial Officer, has submitted his resignation effective Friday, June 27, 2014.

Boyer's resignation letter is included below:

Dear Mr. Hall,

I am writing to you today to officially tender my resignation from the School District of Manatee County effective Friday, June 27, 2014.

I never thought I would ever leave what is now positioned to be a very great school district, but when the opportunity arose to pursue a new opportunity, I simply had to take advantage of it.

I cannot say enough wonderful things about the District, about all the people I've encountered in my two years of service with the district, and especially all the others on my teams. Your leadership has taken us all to new levels, and I have appreciated all your personal and professional advice over the past year. It's my hope that we will stay in touch as I begin this new chapter in my life.

If you have any questions, please ask. Thanks again for everything.

Sincerely,

Michael Boyer

CFO

Manatee County School District

The district's Deputy Superintendent of Operations Don Hall accepted Boyer's resignation on behalf of Superintendent Rick Mills.

"We thank Michael for his two years of service to the Manatee District," Hall said. "We wish him the very best in his future endeavors."

Hall said the Manatee District will immediately start the process of finding a replacement for Mr. Boyer. During the period between Mr. Boyer's departure and the hiring of his replacement, Hall indicated the district would seek out the advice and consultation of former school district CFO's in Florida to assist in closing out the books for the current school year and finalizing the budget process for the 2014-2015 school year.

If necessary, he said the district would enlist the services of an experienced interim CFO to help with the transition.

"We are very confident that the Manatee District is heading in the right direction to return this district to a state of financial health and stability," Hall said. "We will make the necessary adjustments in light of Mr. Boyer's resignation and continue to build on the progress we have made so that we can ultimately reinvest in our students and employees."

The Manatee County School District has been under fire for its handling of funds between 2010 and 2012. Last year, the state released two audits that found the school district overspent its budget by nearly $13 million during that period, and by more than $38 million over the last five years.

As a result, new Superintendent Rick Mills has been working to rebuild the leadership team and fix the financial problems. He has even called on state Inspector General Mike Blackburn to conduct an investigation into the former leadership team's financial practices after being ultimately shocked by the sheer scope and magnitude of financial errors, neglect, incompetence, malfeasance and misfeasance uncovered in subsequent months as [he] built a new senior leadership team."

READ:Mills Letter to Inspector General

Boyer became CFO of the Manatee District on April 23, 2012. Prior to joining the district, he served as CFO of Crane Environmental in Venice, Fla., from 2007 to 2012. Before that, he was the Assistant Controller at Cott Beverages in Tampa from 2005 to 2007.

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