The Transylvania Times -

Academy Approves Budget For FY19


May 17, 2018

The Brevard Academy: A Challenge Foundation Academy Board of Directors unanimously approved the school budget for fiscal year 2019, which begins July 1, 2018.

The projected net surplus for Brevard Academy for FY19 is $23,442.

Board Vice Chair and Treasurer Nick Iosue said the school attempts to overstate its expenses and understate its income, so that it usually ends up the year with a surplus.

Total revenues for the upcoming school year are projected to be $3,810,958. Of that total, revenues from the state are projected to be $2,378,656.

Revenues from local government are projected to...

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