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Coventry hears FY22 audit update and approves $16,879.46 in tax abatements
Summary
Town Manager distributed FY22 financials showing the school unrestricted fund rose from about $700,000 to roughly $1.5 million; the council approved Resolution 2024‑67 approving tax assessors’ abatements totaling $16,879.46.
The town manager reported that the FY22 financial statements were delivered and circulated to councilors and stakeholders; the packet identified key differences with the June draft on pages 20 and 22. The manager said the school unrestricted fund rose from about $700,000 to about $1,500,000 in the audited numbers and that CLA is working on FY23 with October fieldwork planned and a goal of completing FY23 and FY24 by Dec. 31.
Dr. Civetti was noted as available to present or answer questions at a future meeting; the manager said this item was an update rather than a vote.
Separately, the council considered Resolution 2024‑67, tax assessors’ abatements (packet pages 10–13). Council approved abatements totaling $16,879.46; Vice President LeBlanc moved, Capaldi seconded, and the roll call vote was 4–0 in favor. Council discussed follow‑up ordinance changes to empower the department to process abatements more efficiently and indicated staff interest in drafting revisions.
No further votes were recorded on the audit update; the abatement resolution passed and staff will proceed with any recommended ordinance updates.
