Trevecca Nazarene University has completed its annual audit of the fiscal year ended June 30, 2014, and is awaiting the final report; however, the preliminary numbers are positive. The auditors have indicated that Trevecca’s ongoing operations ended the year solidly “in the black.” Additionally, the institution expects to report record investment income from its endowment investments. Final numbers will be released on August 28 after the audit committee has received the final audit report.
“This preliminary report from the auditors is encouraging news for Trevecca. It tells University employees that their efforts to be good stewards of university resources have been successful and have had a positive impact on Trevecca’s bottom line. Furthermore, this outcome indicates that the University’s effort to maintain its intended level of service to students without increasing tuition costs has been successful,” explained David Caldwell, executive vice president of finance and administration.
Trevecca’s new school year begins on August 22, when incoming freshmen move into the dorms.