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Finance director flags student collections and FY26 revenue/expenditure review
Summary
Jon Fields presented the FY26 financial update covering July 2025–April 2026 and highlighted questions about the college's collections process and outstanding student balances, prompting Board discussion on receivables management.
Jon Fields presented the Board with the FY26 revenues and expenditures covering July 2025 through April 2026 and noted areas for attention in the college's collections process and outstanding student balances. Regents questioned processes for managing receivables and directed staff to continue monitoring trends.
No formal action or vote was recorded on financial policy at the May 7 meeting; the update was informational and will inform future budget and collections discussions.
