Finance consultant: MSD Martinsville fiscally stable but enrollment warrants monitoring
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Summary
Baker Tilly presented DUAB dashboard metrics showing a modest 2% enrolment decline from 2023 to 2024 and roughly 6% out‑of‑district transfers; fund balances, a budget surplus and a 6% rise in net assessed value contributed to a stable fiscal outlook and a favorable S&P rating, the consultant said.
A Baker Tilly financial consultant presented the district's DUAB (Distressed Unit Appeals Board) dashboard for calendar year 2024 and described MSD Martinsville's overall fiscal condition as stable while flagging enrollment trends to monitor.
The consultant said average daily membership (ADM) decreased about 2% from 2023 to 2024, and noted out‑of‑district transfers account for roughly 6% of total ADM — a figure the consultant characterized as worth watching if it approaches 10 percent. Despite those enrollment cautions, the presenter said fund balances and the percent of fund balances relative to expenditures remained strong and that the district recorded a budget surplus for the year, helped in part by transferring the curricular material fund into the education fund.
Additional metrics discussed included a roughly 6% increase in net assessed value in 2024 (which can affect tax rates), a minimal circuit breaker impact (less than 1 percent), and a ‘solid’ debt rating with a stable outlook from S&P. The consultant used a stoplight-style summary of six DUAB indicators to show areas of green (solid) and the single yellow flag for ADM.
Board members were invited to ask questions; the presentation concluded with an offer to take follow‑up questions or provide more detail on the dashboard and its underlying data.
