COVENTRY TWP. Coventry Schools are becoming closer to being removed from fiscal oversight, a process which has been ongoing since 1997.
The district was placed in fiscal watch by the Auditor of State in 1997 and then entered fiscal emergency in 2015.
During the Aug. 27 Coventry’s Financial Planning and Supervision Commission meeting, the commission heard an update on the accounting methods and a recap of the finances to close out the past fiscal year.
Superintendent Lisa Blough said progress continues to be made on the outstanding accounting methods. Steve Moomaw, from the State Auditor’s Office, said one item has recently been addressed and there are three remaining items to tackle.
Blough said her goal is to address the final three by the October school board meeting.
The commission also heard the year end financials from Commission Secretary Bob Foss. He said the district estimated total revenue to be approximately $21 million and it ended up being more than $22 million. Expenses for the year were on track with the estimate of $22 million. The district entered fiscal year 2019 with a cash balance of approximately $1.7 million.
Foss said the finances are looking good and said the district is getting closer to being able to ask to be removed from fiscal emergency once the three accounting methods are cleared up.
In other business Aug. 27, the commission:
- Approved personnel items and the salary schedule for central office.
- Heard from Blough that school is officially underway and going well. She said the bus cameras the commission approved during the last meeting have been installed.
- The commission welcomed new commission chairperson Dave Michel.
The next Financial and Supervision Commission meeting is set for 4 p.m. Sept. 28 at Coventry High School.