COVENTRY TWP. Coventry Schools five-year forecast looks even better than district officials had anticipated.
During the Feb. 8 Board of Education meeting, board members heard a presentation from the state Auditor’s Office in regards to the forecast, in which it was stated that Coventry Schools is expected to finish Fiscal Year 2017 with about a $1.1 million surplus.
The district is projected to deficit spend $680,000, but expenses such as healthcare costs are expected be significantly lower due to the district paying off the money it had owed to the Stark County Schools Council of Government. That will boost the bottom line back into the black.
Since Coventry is in fiscal emergency, it is required to have its forecast certified annually.
Coventry Schools Treasurer Matthew Muccio anticipated in October the district would finish the fiscal year with a $1 million surplus. That surplus now appears to be slightly higher than his estimate.
Board President Bob Wohlgamuth, however, said it is "amazing" that Muccio’s projected numbers were so close to the auditor's.
In other business Feb. 8, the board:
- Approved to hire a DJ for prom from Hats off Entertainment.
- Announced the Taste of Coventry will take place at 6 p.m. April 28 at Prime 93.
The next Coventry Local Schools board meeting will be at 6 p.m. March 15 at Lakeview Administrative Offices.