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Finance director reports improved revenue trends; auditors complete FY24 field work
Summary
Coventry’s finance director said tuition and Medicaid revenue are trending above budget and the district projects a surplus to reduce the accumulated deficit; auditors completed field work for the fiscal 2024 audit and draft financials were received.
Coventry’s finance director told the school committee that tuition and Medicaid revenue are trending higher than budgeted and staff revised revenue projections upward for the current fiscal year.
The district is about 10 months into the fiscal year and the finance director reported projected results that would produce “about a $140,000 surplus that can go…
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