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Audit shows mostly positive indicators but flags deficit spending for Trotwood-Madison
Summary
Treasurer Miss Allen presented the Auditor of State's financial-health indicator report for FY2024: most indicators were positive, but two measures resulted in a 'critical' outlook related to deficit spending and revenue shortfall.
The Trotwood-Madison City Schools treasurer briefed the board June 5 on the Auditor of State’s new financial-health indicator report for fiscal 2024, saying most measures were green but noting two critical indicators tied to deficits.
Treasurer Miss Allen summarized the report and walked the board through 15 applicable indicators. “We received our financial health indicator report for FY 24 from the auditor of state,” she said, noting that indicators 1–6 and 11–17 were green in the…
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