The Budget for Fiscal Year 2021 provides an outline of expenditures for the period July 1, 2020 through June 30, 2021. The budget includes a projected June 30, 2021 balance in local funds of approximately $10.8 million. The Brandywine School District requires a fiscal year-end local fund balance of roughly $8.5 million for anticipated expenditures made prior to the receipt of tax revenues in September.
The Budget for FY 2021 is $211.6 million, an increase of $5.8 million, or 2.8%, over the FY 2020 budget of $205.7 million. The increase in budget is due in large part to increases in State and local salary, benefit, and Other Employees Costs. The district also received $3.7 million in Coronavirus related aid from both the Federal Government and New Castle County.
The past two prior year budgets also are included below; if you would like additional information, please contact Dr. Jason Hale, Chief Financial Officer.