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Vermont State Colleges report $15.7 million revenue surplus and no current federal audit findings
Summary
System officials told the Finance and Facilities Committee that fiscal 2025 unaudited results show revenues above budget by about $15.7 million, net revenue above targets by roughly $18.1 million, and favorable expense variances; the federal funds review had no Title IV findings as of mid‑August.
Sharon Scott, staff member, told the Vermont State Colleges Finance and Facilities Committee on Aug. 25 that the system's fiscal 2025 unaudited financial results exceeded budget expectations largely because of unbudgeted state bridge funding and investment income. "System wide, our revenue exceeds our budget," Scott said.
Scott said systemwide revenue exceeded budget by about $15,700,000 and net revenues were expected to surpass targets by about $18,100,000, supported by savings in retiree medical insurance and wage-related expenses. She reported that Vermont State University "very slightly exceeded budget by just a couple of $100,000" with declines in…
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