Brandywine School District Local Funds Performance Audit FY24

… nding) expected to be received. If a deficit is projected, the district must report its plan to meet payroll. If the surplus is less than one month's local payroll, the district must report its plan to ensure a sufficient balance in the follo …

… rves met the minimum set by the requirements to fund payroll expenditures in the first three and a half months with a surplus equal to one month’s payroll expenditures of the following year. 6. Analyzed tax revenue reserves at the beginni …

… t to meet the District’s local payroll obligations during the period of July 1, 2024 through October 15, 2024, with a surplus equal to one month’s payroll expenditures as required by 14 Del. C., §1507. The District did not receive any communic …