BSD finance director reports tax receipts lag; board accepts monthly financial report

Finance Director Mr. McCoy presented the Brandywine School DistrictSeptember 30, 2025monthly financial report at the Oct. 20 board meeting and recommended the board accept the report, which the board did by motion.

McCoy said tax receipts were lower this month because the county delayed certain payments: the district received about $18 million this month compared with about $42 million in the same month last year. He said the timing difference affects cash balances and lowers interest income. McCoy indicated state operating aid remains in line with expectations, and that the district is monitoring the county tax schedule and a court hearing held that day; he said a judicial decision on the tax assessment matter was expected by the end of the month.

On expenditures, McCoy noted some large early-year license renewals in the curriculum and instruction line and that facilities spending appeared higher because minor-capital funds from the state have not yet been posted, which will shift some obligated amounts when received. He also said the SRO contract adjustment to use constables instead of some Delaware State Police SROs delayed purchase orders, which reduced current-year spending in the safety and security line compared with last year.

The district finance committee had reviewed the report on Oct. 8. After brief board discussion, a motion to accept the monthly financial report for Sept. 30, 2025 carried; the board recorded the motion, a second and a voice vote in favor.