“This award honors the hard work school district officials put in daily to keep clean, accurate financial records,” said Auditor Keith Faber in an accompanying statement. “Their efforts go a long way toward making Ohio more efficient, effective, and transparent.”
Middletown Schools Treasurer Randy Bertram is in charge of the finances of the 6,400-student district, but he said historic, three-year streak is also the result of many in the district focusing on cost-efficiency and financial diligence.
The district had not previously won the state award from 1998 until it garnered the distinction in 2017.
He said the district saved $10 million from the school construction project, which was completed in 2018 by reapplying for the state’s share of the building project.
“The district has also been able through frugal efficiencies to increase the general fund cash balance from $500,000 to over $20 million in the last five years,” he said. “This excess cash is giving us the stability to make wise decisions and financial planning in the current economic conditions of the pandemic, state increased EdChoice legislation, state flat funding from 2019 and an increase in special education services. Middletown City Schools is a district on the rise and a part of that is our strong fiscal responsibility.”