By By ERIN VER BERKMOES / Niles Daily Star
NILES - With numbers still estimates, the Brandywine Public Schools are looking at a $355,000 deficit. On Monday evening the Brandywine Board of Education held a special meeting to hear the budget for the upcoming 2005-2006 fiscal year and subsequently approved the the resolution.
In a report given to the Board, Damaske said the district is looking to receive $6,875 from the foundation grant, which are funds provided by the state. There is an increase of $175 per student.
Using projections, the districts blended student enrollment looks to be about 1,420 for the upcoming year.
For the 2005-2006 fiscal year the district is anticipating to receive $10,859,000 in revenue, but will have $11,214,000 in expenditures.
The district's end of the year budget deficit looks to be $355,000, which would leave about 13 percent or $1,449,000 as a general fund balance.
On the expenditure side, the district is expecting to reach their staffing goals for the upcoming year with a decrease in enrollment and laying off or retirement of five and a half employees, providing some savings. The district is likely to see a greater sum of savings as the early retirement incentatives taken by some empolyees have yet to be figured into the budget. The employees have until July 22, to make a decision on taking the incentive.
Employees of the district won't receive an salary increases, unless they are to receive one for additional years of service or their educational level has increase.