Ocean City Today

Resort bids fond farewell to finance administrator, payroll manager

Feb 01, 2018
Photo by: Greg Ellison Alex Fraschetti provided exquisite food and drinks during a combined retirement party for Ocean City Payroll Manager Yetive King, left, and Finance Director Martha Bennett at Alex’s Italian Restaurant in West Ocean City on Tuesday.

(Feb. 2, 2018) It’s a bittersweet farewell for the Ocean City Finance Department, as longtime administrator, Martha Bennett, and payroll manager, Yetive King, retire this month.

With a combination of nearly six decades of service to the Town of Ocean City, Bennett and King both worked their final day on Wednesday, Jan. 31.

Bennett started her career with the city’s finance department in 1984, later being promoted to assistant director of finance in 1988 and finance administrator in 1989.

Along with her role overseeing the daily operations of the finance department, Bennett managed the town’s capital projects, bond sales and served on 10 labor negotiating teams, preparing various significant economic, utility rate and budgetary studies over her career.

She is a member of the Government Finance Officers Association and the Maryland Association of Certified Public Accountants. She served on the State Treasurers Advisory Board for the Maryland Local Government Investment Pool for 24 years and on the board of the Ocean City Fire Department Length of Service Awards Program for 18 years.

“Martha has one of the keenest financial minds in the state,” Doug Miller, city manager for the Town of Ocean City, said. “Her stewardship over Ocean City’s finances during the last 35 years has been recognized by many, but particularly the rating agencies in New York. They have given us the highest ratings possible for a resort community and have referenced Martha’s sound management in their decision-making. We will miss her personally and professionally and wish her all the best in her retirement.”

With a Bachelor’s Degree in Accounting from Salisbury University and a Master’s in Public Administration from Wilmington College, Bennett valued education and strived for excellence in her position and her department. She received certifications in public accounting, governmental financial management and chartered global management.

In addition, Bennett was the recipient of the Certificate of Achievement for Financial Reporting from the Government Finance Officers Association of the United States and Canada for 30 years.

“While I look forward to enjoying my retirement, I will miss being a part of the finance team and the Town of Ocean City team,” Bennett said. “I trust that the friendships I have developed here will last well into the future. I appreciate the many opportunities I have had working for the town and have grown personally and professionally. It is a privilege to work with so many dedicated employees and officials over the years.”

Bennett intends to travel to the western National Parks this year, studying horticulture, enjoying gardening and beekeeping at her home in Berlin. She also looks forward to spending extra time with her daughter, son in-law and grandchildren in South Carolina.

King started her career shortly after Bennett, beginning as an accountant in 1986 and being promoted to payroll manager in 1990.

Along with processing biweekly payroll, she used her expertise in Excel to compile numerous worksheets for the annual production of the town’s Comprehensive Annual Financial Report, which has been awarded the Government Finance Officers Association award for excellence in financial reporting since 1988.

Her dedication to her job was evident in her work and her attendance, as she processed more than 750 payroll weeks and only missed two in her 28-year career.

“I have had the honor and privilege to work with Yetive for 30 years,” Bennett said. “She knew every aspect of her job and was brilliant at coding. She has an incredible mind and because of her high skill level she was behind the scenes assisting and improving our department in many ways. She was so dedicated to her job and employees. While we congratulate her on her retirement, she will be dearly missed by all Town of Ocean City employees.”

Upon retiring, King plans to stay on the Eastern Shore, residing in Willards with her husband. In addition, she hopes to spend more time with her daughter, Betsy, and four grandchildren, as well as enjoy hobbies such reading and hunting.

In packed council chambers, Mayor Rick Meehan recognized the two retirees with numerous citations, proclamations and treasured Keys to the City.

“Today is one of those days where we are happy for our employees, but it is a difficult time to say goodbye to such valuable members of our Town of Ocean City team,” Meehan said. “We wish both Martha and Yetive a retirement full of enjoyment, family, good health and good fun.”

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