Pinkerton Academy will issue refunds to Derry, Chester and Plaistow
Refunds will be going out to Derry, in the amount of $22,401, Hampstead, for $24,143, and Chester, $29,359, said Glenn Neagle, the school’s financial administrator.
The audit compared tuition to total expenses.
“If tuition was billed higher than total expenses, we issue the sending towns a refund,” Neagle said.
Sending towns are billed for 50 percent of tuition in October, with the towns also billed at 25 percent in January and the remaining 25 percent in April.
“When it goes out in October, we deduct the refund from it,” he said.
It isn’t that unusual for Pinker ton to issue refunds, Neagle said, adding that he thought refunds have been issued to towns in 11 of the last 12 years.
Administrators are working on setting the tuition rate for the 2014-15 school year.
The 2013-14 tuition rate for students is $10,292.49.
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